Advisors Asset Management Inc. Boosts Holdings in Trinity Industries, Inc. (NYSE:TRN)

Advisors Asset Management Inc. increased its holdings in Trinity Industries, Inc. (NYSE:TRN) by 6.7% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 202,063 shares of the transportation company’s stock after buying an additional 12,658 shares during the quarter. Advisors Asset Management Inc.’s holdings in Trinity Industries were worth $7,040,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC increased its holdings in Trinity Industries by 4.9% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 8,842 shares of the transportation company’s stock worth $265,000 after buying an additional 417 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in Trinity Industries by 5.1% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 8,771 shares of the transportation company’s stock worth $262,000 after buying an additional 423 shares in the last quarter. GAMMA Investing LLC increased its holdings in Trinity Industries by 85.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,017 shares of the transportation company’s stock worth $35,000 after buying an additional 469 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in Trinity Industries by 1.4% in the 2nd quarter. Commonwealth Equity Services LLC now owns 36,223 shares of the transportation company’s stock worth $1,084,000 after buying an additional 497 shares in the last quarter. Finally, CWM LLC increased its holdings in Trinity Industries by 13.3% in the 3rd quarter. CWM LLC now owns 5,197 shares of the transportation company’s stock worth $181,000 after buying an additional 609 shares in the last quarter. 86.57% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TRN has been the subject of a number of recent research reports. Susquehanna downgraded Trinity Industries from a “positive” rating to a “neutral” rating and boosted their price target for the company from $34.00 to $35.00 in a research note on Monday, October 21st. StockNews.com downgraded Trinity Industries from a “buy” rating to a “hold” rating in a research note on Monday, November 4th. Finally, The Goldman Sachs Group initiated coverage on Trinity Industries in a research note on Monday. They set a “neutral” rating and a $39.00 price target for the company.

Trinity Industries Trading Down 2.5 %

Shares of NYSE:TRN opened at $37.03 on Thursday. The stock has a 50 day moving average of $34.91 and a 200 day moving average of $32.46. The company has a market cap of $3.04 billion, a PE ratio of 18.06 and a beta of 1.39. The company has a current ratio of 2.00, a quick ratio of 1.08 and a debt-to-equity ratio of 4.39. Trinity Industries, Inc. has a 12-month low of $23.40 and a 12-month high of $38.69.

Trinity Industries (NYSE:TRN) last announced its quarterly earnings data on Thursday, October 31st. The transportation company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.05. The company had revenue of $798.80 million during the quarter, compared to the consensus estimate of $696.00 million. Trinity Industries had a return on equity of 14.57% and a net margin of 5.31%. The firm’s revenue was down 2.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.26 EPS. As a group, equities research analysts expect that Trinity Industries, Inc. will post 1.75 EPS for the current year.

Trinity Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 15th were paid a dividend of $0.28 per share. The ex-dividend date was Tuesday, October 15th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.02%. Trinity Industries’s dividend payout ratio (DPR) is presently 54.63%.

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.