Capital International Inc. CA Has $2.12 Million Stake in Trinity Industries, Inc. (NYSE:TRN)

Capital International Inc. CA lowered its position in shares of Trinity Industries, Inc. (NYSE:TRN) by 3.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 60,395 shares of the transportation company’s stock after selling 1,898 shares during the quarter. Capital International Inc. CA’s holdings in Trinity Industries were worth $2,120,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Wealthfront Advisers LLC bought a new stake in shares of Trinity Industries during the 4th quarter valued at about $104,136,000. American Century Companies Inc. lifted its stake in Trinity Industries by 25.6% in the fourth quarter. American Century Companies Inc. now owns 2,187,366 shares of the transportation company’s stock valued at $76,777,000 after buying an additional 446,142 shares during the period. Granite Investment Partners LLC bought a new position in shares of Trinity Industries during the 4th quarter worth approximately $14,532,000. Raymond James Financial Inc. acquired a new stake in shares of Trinity Industries during the 4th quarter worth approximately $11,322,000. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Trinity Industries by 28.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 843,435 shares of the transportation company’s stock valued at $29,605,000 after acquiring an additional 184,603 shares in the last quarter. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Trinity Industries Stock Up 1.9 %

Trinity Industries stock opened at $25.35 on Monday. The firm has a market capitalization of $2.07 billion, a price-to-earnings ratio of 15.46 and a beta of 1.49. The firm’s fifty day moving average price is $29.05 and its two-hundred day moving average price is $33.92. Trinity Industries, Inc. has a 1-year low of $23.50 and a 1-year high of $39.83. The company has a current ratio of 1.80, a quick ratio of 1.08 and a debt-to-equity ratio of 4.35.

Trinity Industries (NYSE:TRN) last announced its quarterly earnings results on Thursday, February 20th. The transportation company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.01. The business had revenue of $629.40 million for the quarter, compared to analysts’ expectations of $589.30 million. Trinity Industries had a net margin of 4.49% and a return on equity of 11.78%. On average, equities research analysts predict that Trinity Industries, Inc. will post 1.65 earnings per share for the current fiscal year.

Trinity Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $1.20 annualized dividend and a yield of 4.73%. Trinity Industries’s dividend payout ratio (DPR) is currently 73.17%.

Analysts Set New Price Targets

TRN has been the subject of a number of research reports. The Goldman Sachs Group reduced their price target on shares of Trinity Industries from $36.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday. Susquehanna raised their target price on Trinity Industries from $34.00 to $35.00 and gave the company a “neutral” rating in a research note on Monday, March 3rd.

Insider Activity at Trinity Industries

In other Trinity Industries news, EVP Gregory B. Mitchell sold 9,286 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $31.02, for a total value of $288,051.72. Following the completion of the sale, the executive vice president now owns 111,879 shares in the company, valued at approximately $3,470,486.58. This trade represents a 7.66 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.00% of the stock is currently owned by insiders.

Trinity Industries Profile

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.