Trinity Industries Inc. (TRN) Stake Boosted by Ameriprise Financial Inc.
Ameriprise Financial Inc. increased its position in Trinity Industries Inc. (NYSE:TRN) by 6.2% during the second quarter, Holdings Channel reports. The institutional investor owned 459,483 shares of the company’s stock after buying an additional 26,794 shares during the period. Ameriprise Financial Inc. owned about 0.30% of Trinity Industries worth $8,532,000 as of its most recent filing with the SEC.
Other institutional investors also recently bought and sold shares of the company. Acadian Asset Management LLC increased its position in Trinity Industries by 10,795.8% in the first quarter. Acadian Asset Management LLC now owns 44,455 shares of the company’s stock worth $814,000 after buying an additional 44,047 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its position in Trinity Industries by 145.5% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 370,324 shares of the company’s stock worth $6,781,000 after buying an additional 219,493 shares in the last quarter. Ngam Advisors L.P. increased its position in Trinity Industries by 28.0% in the first quarter. Ngam Advisors L.P. now owns 67,822 shares of the company’s stock worth $1,242,000 after buying an additional 14,852 shares in the last quarter. BlackRock Group LTD increased its position in Trinity Industries by 8.0% in the first quarter. BlackRock Group LTD now owns 197,562 shares of the company’s stock worth $3,616,000 after buying an additional 14,572 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its position in Trinity Industries by 0.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 4,644,976 shares of the company’s stock worth $85,050,000 after buying an additional 30,402 shares in the last quarter. 72.15% of the stock is currently owned by institutional investors.
Trinity Industries Inc. (NYSE:TRN) traded up 3.25% during midday trading on Wednesday, reaching $24.75. 683,568 shares of the company were exchanged. The firm’s 50-day moving average is $24.14 and its 200-day moving average is $20.56. Trinity Industries Inc. has a one year low of $14.94 and a one year high of $30.38. The firm has a market cap of $3.77 billion, a P/E ratio of 6.39 and a beta of 2.16.
Trinity Industries (NYSE:TRN) last announced its quarterly earnings data on Thursday, July 21st. The company reported $0.62 EPS for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.14. Trinity Industries had a net margin of 10.91% and a return on equity of 14.62%. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the previous year, the firm posted $1.33 earnings per share. On average, equities analysts expect that Trinity Industries Inc. will post $2.20 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Friday, October 14th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.17%. The ex-dividend date of this dividend is Wednesday, October 12th. Trinity Industries’s dividend payout ratio (DPR) is presently 11.37%.
A number of equities analysts have weighed in on TRN shares. Longbow Research downgraded shares of Trinity Industries from a “buy” rating to a “neutral” rating in a research note on Monday, June 20th. Wells Fargo & Co. reissued a “hold” rating on shares of Trinity Industries in a research note on Wednesday, June 22nd. Zacks Investment Research raised shares of Trinity Industries from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research note on Tuesday, June 28th. Cowen and Company raised their target price on shares of Trinity Industries from $22.00 to $24.00 and gave the company an “outperform” rating in a research note on Monday, July 25th. Finally, Susquehanna downgraded shares of Trinity Industries from a “positive” rating to a “neutral” rating and raised their target price for the company from $23.00 to $24.00 in a research note on Monday, July 25th. Five analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of €21.11 ($23.46).
Trinity Industries Company Profile
Trinity Industries, Inc is a diversified industrial company that owns a range of businesses providing products and services to the energy, transportation, chemical and construction sectors. The Company’s products and services include railcars and railcar parts; parts and steel components; the leasing, management and maintenance of railcars; highway products; aggregates; inland barges; structural wind towers; steel utility structures; storage and distribution containers, and trench shields and shoring products.
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