Trinity Industries, Inc. $TRN Shares Sold by Jennison Associates LLC

Jennison Associates LLC lowered its position in Trinity Industries, Inc. (NYSE:TRN) by 21.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,788,236 shares of the transportation company’s stock after selling 757,800 shares during the quarter. Jennison Associates LLC’s holdings in Trinity Industries were worth $73,721,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in TRN. Royal Bank of Canada lifted its holdings in Trinity Industries by 0.6% in the 1st quarter. Royal Bank of Canada now owns 73,775 shares of the transportation company’s stock worth $2,069,000 after buying an additional 457 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Trinity Industries by 33.8% in the 1st quarter. AQR Capital Management LLC now owns 44,772 shares of the transportation company’s stock worth $1,244,000 after buying an additional 11,319 shares in the last quarter. Millennium Management LLC lifted its holdings in 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 buying an additional 489,348 shares in the last quarter. Jane Street Group LLC lifted its holdings in Trinity Industries by 1,341.9% in the 1st quarter. Jane Street Group LLC now owns 134,098 shares of the transportation company’s stock worth $3,763,000 after buying an additional 124,798 shares in the last quarter. Finally, Intech Investment Management LLC lifted its holdings in Trinity Industries by 44.0% in the 1st quarter. Intech Investment Management LLC now owns 48,014 shares of the transportation company’s stock worth $1,347,000 after buying an additional 14,678 shares in the last quarter. Institutional investors and hedge funds own 86.57% of the company’s stock.

Trinity Industries Price Performance

TRN opened at $32.64 on Friday. The company has a 50-day moving average of $32.33 and a 200-day moving average of $29.52. The company has a market capitalization of $2.60 billion, a P/E ratio of 10.60 and a beta of 1.46. Trinity Industries, Inc. has a 1-year low of $22.38 and a 1-year high of $35.62. The company has a debt-to-equity ratio of 4.75, a quick ratio of 1.08 and a current ratio of 1.90.

Trinity Industries (NYSE:TRN) last released its earnings results on Thursday, April 30th. The transportation company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.04. The company had revenue of $492.00 million during the quarter, compared to the consensus estimate of $538.87 million. Trinity Industries had a net margin of 11.73% and a return on equity of 21.02%. The company’s revenue was down 16.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.29 EPS. Trinity Industries has set its FY 2026 guidance at 2.200-2.400 EPS. Equities analysts expect that Trinity Industries, Inc. will post 1.98 EPS for the current fiscal year.

Trinity Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Wednesday, April 15th were given a $0.31 dividend. The ex-dividend date of this dividend was Wednesday, April 15th. This represents a $1.24 annualized dividend and a dividend yield of 3.8%. Trinity Industries’s payout ratio is presently 40.26%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TRN. The Goldman Sachs Group reiterated a “neutral” rating and issued a $36.00 price objective on shares of Trinity Industries in a report on Thursday. Weiss Ratings upgraded shares of Trinity Industries from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, April 17th. Wall Street Zen downgraded shares of Trinity Industries from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Finally, Susquehanna set a $34.00 target price on shares of Trinity Industries and gave the stock a “neutral” rating in a research report on Friday, February 13th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $35.00.

Trinity Industries 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.