Mitsubishi UFJ Trust & Banking Corp Purchases 21,009 Shares of Trinity Industries, Inc. $TRN

Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of Trinity Industries, Inc. (NYSE:TRN) by 500.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,211 shares of the transportation company’s stock after purchasing an additional 21,009 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Trinity Industries were worth $872,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of TRN. Strs Ohio acquired a new position in shares of Trinity Industries in the first quarter valued at $25,000. Northwestern Mutual Wealth Management Co. boosted its stake in Trinity Industries by 94.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,016 shares of the transportation company’s stock worth $27,000 after buying an additional 494 shares in the last quarter. Whittier Trust Co. boosted its stake in Trinity Industries by 880.7% during the first quarter. Whittier Trust Co. now owns 863 shares of the transportation company’s stock worth $28,000 after buying an additional 775 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in Trinity Industries by 24.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,538 shares of the transportation company’s stock valued at $41,000 after buying an additional 298 shares during the period. Finally, Kelleher Financial Advisors bought a new stake in Trinity Industries in the 3rd quarter valued at $41,000. Institutional investors and hedge funds own 86.57% of the company’s stock.

Trinity Industries Price Performance

Shares of TRN stock opened at $29.62 on Friday. The stock’s fifty day simple moving average is $34.27 and its 200 day simple moving average is $33.13. The company has a debt-to-equity ratio of 4.56, a current ratio of 1.89 and a quick ratio of 0.91. The firm has a market cap of $2.36 billion, a price-to-earnings ratio of 7.14 and a beta of 1.37. Trinity Industries, Inc. has a one year low of $24.76 and a one year high of $38.31.

Trinity Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th were issued a dividend of $0.31 per share. The ex-dividend date of this dividend was Wednesday, July 15th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 4.2%. Trinity Industries’s dividend payout ratio (DPR) is presently 29.88%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on TRN. Wall Street Zen downgraded shares of Trinity Industries from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Susquehanna lowered their target price on shares of Trinity Industries from $35.00 to $34.00 and set a “neutral” rating on the stock in a research note on Friday, July 31st. The Goldman Sachs Group reissued a “neutral” rating and issued a $36.00 target price on shares of Trinity Industries in a research note on Thursday, April 30th. Finally, Weiss Ratings lowered shares of Trinity Industries from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price 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.