Russell Investments Group Ltd. Purchases 27,332 Shares of Trinity Industries, Inc. $TRN

Russell Investments Group Ltd. lifted its holdings in Trinity Industries, Inc. (NYSE:TRN) by 317.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 35,940 shares of the transportation company’s stock after purchasing an additional 27,332 shares during the quarter. Russell Investments Group Ltd.’s holdings in Trinity Industries were worth $1,243,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of TRN. Capital International Investors increased its holdings in shares of Trinity Industries by 65.1% in the 4th quarter. Capital International Investors now owns 8,927,843 shares of the transportation company’s stock worth $236,251,000 after buying an additional 3,518,796 shares during the last quarter. Bridgeway Capital Management LLC bought a new stake in shares of Trinity Industries in the 3rd quarter valued at approximately $15,673,000. Millennium Management LLC boosted its holdings in shares of Trinity Industries by 329.2% in the 1st quarter. Millennium Management LLC now owns 637,990 shares of the transportation company’s stock worth $17,902,000 after purchasing an additional 489,348 shares during the period. Bank of America Corp DE increased its position in shares of Trinity Industries by 99.9% during the 2nd quarter. Bank of America Corp DE now owns 772,648 shares of the transportation company’s stock valued at $20,869,000 after purchasing an additional 386,102 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in Trinity Industries by 46.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,158,014 shares of the transportation company’s stock valued at $30,618,000 after buying an additional 368,604 shares during the period. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Trinity Industries Stock Performance

Shares of Trinity Industries stock opened at $29.62 on Friday. The company has a current ratio of 1.89, a quick ratio of 0.91 and a debt-to-equity ratio of 4.56. The stock’s fifty day moving average price is $34.27 and its 200-day moving average price is $33.13. The firm has a market cap of $2.36 billion, a P/E ratio of 7.14 and a beta of 1.37. Trinity Industries, Inc. has a 12 month low of $24.76 and a 12 month high of $38.31.

Trinity Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 4.2%. The ex-dividend date was Wednesday, July 15th. Trinity Industries’s dividend payout ratio is presently 29.88%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TRN. Susquehanna reduced their target price on shares of Trinity Industries from $35.00 to $34.00 and set a “neutral” rating on the stock in a research note on Friday, July 31st. Weiss Ratings lowered shares of Trinity Industries from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday. Wall Street Zen lowered Trinity Industries from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $36.00 target price on shares of Trinity Industries in a research note on Thursday, April 30th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Trinity Industries has a consensus rating of “Hold” and a consensus target price of $35.00.

Trinity Industries Company Profile

Trinity Industries, Inc is a diversified industrial company headquartered in Dallas, Texas, with roots dating back to its incorporation in 1933. The company principally serves the transportation, infrastructure and energy sectors through the design, manufacture and leasing of railcars and related components. Trinity operates multiple business segments that encompass railcar manufacturing, aftermarket parts production, railcar leasing and management, inland barge construction and leasing, as well as infrastructure products for highways and energy applications.

In its railcar segment, Trinity produces a broad portfolio of freight cars—including tank cars, covered hoppers, gondolas and autoracks—alongside critical system components such as braking systems, couplers and wheels.