Trinity Industries, Inc. $TRN Shares Purchased by ProShare Advisors LLC

ProShare Advisors LLC increased its holdings in shares of Trinity Industries, Inc. (NYSE:TRN) by 37.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 283,923 shares of the transportation company’s stock after purchasing an additional 77,670 shares during the quarter. ProShare Advisors LLC’s holdings in Trinity Industries were worth $7,251,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. State of Wyoming acquired a new position in shares of Trinity Industries in the third quarter worth $58,000. Sterling Capital Management LLC boosted its holdings in shares of Trinity Industries by 129.9% during the 3rd quarter. Sterling Capital Management LLC now owns 2,143 shares of the transportation company’s stock worth $55,000 after buying an additional 1,211 shares during the period. Inspire Investing LLC grew its position in shares of Trinity Industries by 22.5% in the third quarter. Inspire Investing LLC now owns 24,007 shares of the transportation company’s stock valued at $613,000 after purchasing an additional 4,411 shares during the last quarter. Crossmark Global Holdings Inc. grew its holdings in Trinity Industries by 14.5% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 12,378 shares of the transportation company’s stock valued at $316,000 after buying an additional 1,568 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its position in Trinity Industries by 9.5% during the third quarter. Nisa Investment Advisors LLC now owns 27,316 shares of the transportation company’s stock worth $698,000 after acquiring an additional 2,364 shares during the period. Institutional investors and hedge funds own 86.57% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on TRN shares. Susquehanna cut their price target on Trinity Industries from $35.00 to $34.00 and set a “neutral” rating for the company in a report on Friday, July 31st. The Goldman Sachs Group set a $30.00 price target on shares of Trinity Industries in a research report on Tuesday, October 20th. Finally, Weiss Ratings cut Trinity Industries from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, October 22nd. Three investment analysts have rated the stock with a Hold rating. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $32.00.

Trinity Industries Stock Up 6.7%

Shares of NYSE TRN opened at $31.88 on Thursday. The company has a debt-to-equity ratio of 4.71, a quick ratio of 0.94 and a current ratio of 1.88. Trinity Industries, Inc. has a 52-week low of $24.28 and a 52-week high of $38.31. The firm has a 50 day moving average price of $27.31 and a 200 day moving average price of $31.39. The stock has a market cap of $2.49 billion, a P/E ratio of 7.97 and a beta of 1.36.

Trinity Industries (NYSE:TRN) last issued its quarterly earnings data on Thursday, October 29th. The transportation company reported $0.27 EPS for the quarter, hitting the consensus estimate of $0.27. The business had revenue of $535.10 million for the quarter, compared to the consensus estimate of $543.36 million. Trinity Industries had a return on equity of 18.13% and a net margin of 15.39%. The firm’s revenue was up 17.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.38 EPS. Analysts expect that Trinity Industries, Inc. will post 2.30 EPS for the current year.

Trinity Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 30th. Investors of record on Thursday, October 15th were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date was Thursday, October 15th. Trinity Industries’s dividend payout ratio (DPR) is presently 31.00%.

Insider Buying and Selling at Trinity Industries

In related news, EVP Kevin Poet sold 17,000 shares of the stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $29.55, for a total transaction of $502,350.00. Following the completion of the transaction, the executive vice president directly owned 69,225 shares in the company, valued at approximately $2,045,598.75. This trade represents a 19.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.10% of the stock is owned by corporate insiders.

About Trinity Industries

Trinity Industries, Inc is a North American industrial company focused primarily on rail transportation products and services. Through its TrinityRail business, the company designs and manufactures freight railcars, including covered hoppers, gondolas, tank cars and other specialized rail equipment used to transport commodities and industrial goods.

TrinityRail also provides railcar leasing, fleet management, maintenance and refurbishment services. These offerings support railroads, shippers and other fleet owners throughout the life cycle of their equipment, from initial design and production to ongoing maintenance and compliance services.

Founded in 1933 and headquartered in Dallas, Texas, Trinity Industries has historically operated across several industrial and infrastructure markets, but has increasingly concentrated on its rail platform.