Northwestern Mutual Investment Management Company LLC trimmed its position in Trinity Industries, Inc. (NYSE:TRN) by 0.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,036 shares of the transportation company’s stock after selling 191 shares during the quarter. Northwestern Mutual Investment Management Company LLC’s holdings in Trinity Industries were worth $483,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Swiss National Bank raised its holdings in shares of Trinity Industries by 0.6% in the 1st quarter. Swiss National Bank now owns 251,900 shares of the transportation company’s stock valued at $6,688,000 after purchasing an additional 1,400 shares in the last quarter. Creative Planning raised its holdings in shares of Trinity Industries by 17.0% in the 2nd quarter. Creative Planning now owns 20,344 shares of the transportation company’s stock valued at $570,000 after purchasing an additional 2,949 shares in the last quarter. TIAA CREF Investment Management LLC raised its holdings in shares of Trinity Industries by 0.8% in the 1st quarter. TIAA CREF Investment Management LLC now owns 270,616 shares of the transportation company’s stock valued at $7,185,000 after purchasing an additional 2,232 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Trinity Industries in the 1st quarter valued at $3,159,000. Finally, Legal & General Group Plc raised its holdings in shares of Trinity Industries by 35.4% in the 1st quarter. Legal & General Group Plc now owns 207,410 shares of the transportation company’s stock valued at $5,506,000 after purchasing an additional 54,173 shares in the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

A number of equities research analysts have recently weighed in on TRN shares. Zacks Investment Research upgraded shares of Trinity Industries from a “sell” rating to a “hold” rating and set a $31.00 price objective on the stock in a report on Wednesday, July 19th. BidaskClub upgraded shares of Trinity Industries from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. Buckingham Research initiated coverage on shares of Trinity Industries in a research note on Wednesday, June 21st. They set a “buy” rating and a $32.00 price target on the stock. ValuEngine upgraded shares of Trinity Industries from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, Cowen and Company reiterated a “buy” rating and set a $31.00 price target on shares of Trinity Industries in a research note on Monday, August 28th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $26.89.

In related news, major shareholder Holdings L.P. Valueact acquired 167,395 shares of Trinity Industries stock in a transaction on Thursday, August 3rd. The shares were purchased at an average cost of $27.51 per share, for a total transaction of $4,605,036.45. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Valueact Capital Master Fund, acquired 248,941 shares of Trinity Industries stock in a transaction on Thursday, August 31st. The shares were bought at an average price of $28.65 per share, for a total transaction of $7,132,159.65. The disclosure for this purchase can be found here. Insiders have acquired a total of 1,709,624 shares of company stock worth $48,298,143 over the last quarter. 2.00% of the stock is currently owned by insiders.

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Shares of Trinity Industries, Inc. (NYSE:TRN) opened at 29.47 on Thursday. The firm has a market capitalization of $4.46 billion, a price-to-earnings ratio of 18.11 and a beta of 2.18. Trinity Industries, Inc. has a 52 week low of $20.80 and a 52 week high of $30.13. The company’s 50-day moving average is $28.46 and its 200 day moving average is $27.20.

Trinity Industries (NYSE:TRN) last posted its quarterly earnings data on Tuesday, July 25th. The transportation company reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.02. Trinity Industries had a net margin of 6.20% and a return on equity of 5.75%. The firm had revenue of $905.50 million for the quarter, compared to the consensus estimate of $947.40 million. During the same period in the prior year, the firm posted $0.62 EPS. The firm’s revenue was down 23.6% compared to the same quarter last year. Analysts anticipate that Trinity Industries, Inc. will post $1.25 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, October 13th will be paid a dividend of $0.13 per share. The ex-dividend date is Thursday, October 12th. This represents a $0.52 dividend on an annualized basis and a yield of 1.76%. Trinity Industries’s dividend payout ratio (DPR) is 32.10%.

About Trinity Industries

Trinity Industries, Inc is a diversified industrial company that owns businesses providing products and services to the energy, chemical, agriculture, transportation 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; construction aggregates; inland barges; structural wind towers; steel utility structures; storage and distribution containers, and trench shields and shoring products.

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Institutional Ownership by Quarter for Trinity Industries (NYSE:TRN)

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