First Citizens Bank & Trust Co. Acquires Shares of 19,807 Trinity Industries, Inc. $TRN

First Citizens Bank & Trust Co. acquired a new stake in shares of Trinity Industries, Inc. (NYSE:TRN) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 19,807 shares of the transportation company’s stock, valued at approximately $535,000.

Several other institutional investors have also added to or reduced their stakes in the business. Stephens Inc. AR lifted its holdings in Trinity Industries by 6.5% during the first quarter. Stephens Inc. AR now owns 7,317 shares of the transportation company’s stock valued at $205,000 after purchasing an additional 444 shares during the last quarter. Royal Bank of Canada increased its position in shares of Trinity Industries by 0.6% during the first quarter. Royal Bank of Canada now owns 73,775 shares of the transportation company’s stock valued at $2,069,000 after buying an additional 457 shares during the period. Illinois Municipal Retirement Fund increased its position in shares of Trinity Industries by 1.1% during the first quarter. Illinois Municipal Retirement Fund now owns 44,168 shares of the transportation company’s stock valued at $1,239,000 after buying an additional 462 shares during the period. GAMMA Investing LLC increased its position in shares of Trinity Industries by 75.4% during the second quarter. GAMMA Investing LLC now owns 1,114 shares of the transportation company’s stock valued at $30,000 after buying an additional 479 shares during the period. Finally, Inspire Investing LLC increased its position in shares of Trinity Industries by 7.9% during the first quarter. Inspire Investing LLC now owns 12,234 shares of the transportation company’s stock valued at $343,000 after buying an additional 891 shares during the period. 86.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on TRN. Susquehanna decreased their price target on Trinity Industries from $26.00 to $24.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 29th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Trinity Industries in a research report on Friday. Finally, Wall Street Zen upgraded Trinity Industries from a “sell” rating to a “hold” rating in a research report on Saturday, August 30th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $27.50.

Trinity Industries Stock Up 0.4%

TRN stock opened at $28.21 on Friday. The company has a current ratio of 1.96, a quick ratio of 1.01 and a debt-to-equity ratio of 4.66. The company’s 50 day moving average is $28.11 and its 200 day moving average is $26.88. The stock has a market cap of $2.28 billion, a price-to-earnings ratio of 24.74 and a beta of 1.52. Trinity Industries, Inc. has a 1-year low of $22.38 and a 1-year high of $39.83.

Trinity Industries (NYSE:TRN) last posted its quarterly earnings data on Thursday, July 31st. The transportation company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.12). The company had revenue of $506.20 million during the quarter, compared to the consensus estimate of $589.96 million. Trinity Industries had a return on equity of 8.49% and a net margin of 3.83%.The firm’s revenue for the quarter was down 39.8% on a year-over-year basis. During the same quarter last year, the company posted $0.66 earnings per share. Trinity Industries has set its FY 2025 guidance at 1.400-1.60 EPS. Sell-side analysts predict that Trinity Industries, Inc. will post 1.65 EPS for the current fiscal year.

Trinity Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Wednesday, October 15th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a $1.20 annualized dividend and a yield of 4.3%. Trinity Industries’s dividend payout ratio is currently 105.26%.

Trinity Industries Company 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.