Capital International Inc. CA Sells 2,711 Shares of Trinity Industries, Inc. (NYSE:TRN)

Capital International Inc. CA cut its holdings in shares of Trinity Industries, Inc. (NYSE:TRN) by 3.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 70,604 shares of the transportation company’s stock after selling 2,711 shares during the quarter. Capital International Inc. CA owned approximately 0.09% of Trinity Industries worth $1,966,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Texas Permanent School Fund Corp raised its holdings in Trinity Industries by 0.8% during the first quarter. Texas Permanent School Fund Corp now owns 70,243 shares of the transportation company’s stock valued at $1,956,000 after acquiring an additional 574 shares during the period. PNC Financial Services Group Inc. raised its holdings in Trinity Industries by 10.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 8,008 shares of the transportation company’s stock valued at $213,000 after acquiring an additional 764 shares during the period. TFO Wealth Partners LLC raised its holdings in Trinity Industries by 22,360.0% during the fourth quarter. TFO Wealth Partners LLC now owns 1,123 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 1,118 shares during the period. ICA Group Wealth Management LLC bought a new stake in Trinity Industries during the fourth quarter valued at about $32,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Trinity Industries by 7.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,969 shares of the transportation company’s stock valued at $451,000 after acquiring an additional 1,235 shares during the period. 86.57% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CFO Eric R. Marchetto sold 8,816 shares of Trinity Industries stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $30.00, for a total value of $264,480.00. Following the completion of the transaction, the chief financial officer now owns 224,888 shares in the company, valued at $6,746,640. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on TRN. TD Cowen raised their price objective on Trinity Industries from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. Susquehanna raised their price objective on Trinity Industries from $30.00 to $34.00 and gave the company a “positive” rating in a research report on Thursday, May 2nd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $31.00.

Trinity Industries Price Performance

Shares of Trinity Industries stock traded up $0.04 during trading on Friday, reaching $33.32. 491,044 shares of the stock traded hands, compared to its average volume of 755,584. The company has a market capitalization of $2.73 billion, a price-to-earnings ratio of 22.35 and a beta of 1.41. Trinity Industries, Inc. has a 52-week low of $20.04 and a 52-week high of $34.24. The company has a debt-to-equity ratio of 4.55, a current ratio of 1.88 and a quick ratio of 0.91. The business has a fifty day simple moving average of $30.29 and a two-hundred day simple moving average of $27.96.

Trinity Industries (NYSE:TRN) last released its quarterly earnings results on Wednesday, May 1st. The transportation company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.26 by $0.07. The company had revenue of $809.60 million during the quarter, compared to analyst estimates of $750.97 million. Trinity Industries had a return on equity of 10.93% and a net margin of 3.98%. The firm’s revenue was up 26.2% on a year-over-year basis. During the same quarter last year, the business posted $0.07 earnings per share. Sell-side analysts expect that Trinity Industries, Inc. will post 1.45 EPS for the current year.

Trinity Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, July 15th will be given a $0.28 dividend. The ex-dividend date of this dividend is Monday, July 15th. This represents a $1.12 annualized dividend and a yield of 3.36%. Trinity Industries’s dividend payout ratio is currently 75.17%.

About Trinity Industries

Trinity Industries, Inc provides rail transportation products and services under the TrinityRail name in North America. It operates in two segments, Railcar Leasing and Management Services Group, and Rail Products Group. The Railcar Leasing and Management Services Group segment leases freight and tank railcars; originates and manages railcar leases for third-party investors; and provides fleet maintenance and management services.