Trinity Industries, Inc. $TRN Stock Position Decreased by ProShare Advisors LLC

ProShare Advisors LLC decreased its position in Trinity Industries, Inc. (NYSE:TRN) by 3.5% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 247,705 shares of the transportation company’s stock after selling 8,880 shares during the quarter. ProShare Advisors LLC’s holdings in Trinity Industries were worth $6,691,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Stephens Inc. AR grew its position in Trinity Industries by 6.5% in the first quarter. Stephens Inc. AR now owns 7,317 shares of the transportation company’s stock worth $205,000 after acquiring an additional 444 shares in the last quarter. Royal Bank of Canada lifted its stake in shares of Trinity Industries by 0.6% in the 1st quarter. Royal Bank of Canada now owns 73,775 shares of the transportation company’s stock valued at $2,069,000 after purchasing an additional 457 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Trinity Industries by 75.4% in the second quarter. GAMMA Investing LLC now owns 1,114 shares of the transportation company’s stock worth $30,000 after purchasing an additional 479 shares in the last quarter. Parkside Financial Bank & Trust increased its position in Trinity Industries by 129.5% during the second quarter. Parkside Financial Bank & Trust now owns 1,058 shares of the transportation company’s stock worth $29,000 after buying an additional 597 shares during the last quarter. Finally, Inspire Investing LLC increased its position in Trinity Industries by 7.9% during the first quarter. Inspire Investing LLC now owns 12,234 shares of the transportation company’s stock worth $343,000 after buying an additional 891 shares during the last quarter. Institutional investors own 86.57% of the company’s stock.

Analyst Ratings Changes

TRN has been the subject of several recent analyst reports. Susquehanna reiterated a “neutral” rating and set a $23.00 price target on shares of Trinity Industries in a research note on Friday, October 31st. Wall Street Zen upgraded Trinity Industries from a “sell” rating to a “hold” rating in a report on Saturday, August 30th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Trinity Industries in a report on Wednesday, October 8th. Finally, The Goldman Sachs Group set a $31.00 price target on shares of Trinity Industries and gave the company a “neutral” rating in a research report on Friday, October 31st. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $27.00.

Trinity Industries Stock Performance

NYSE TRN opened at $25.28 on Friday. The company’s fifty day moving average is $27.59 and its two-hundred day moving average is $26.99. Trinity Industries, Inc. has a 52-week low of $22.38 and a 52-week high of $39.83. The company has a debt-to-equity ratio of 4.66, a current ratio of 1.96 and a quick ratio of 1.01. The firm has a market capitalization of $2.03 billion, a price-to-earnings ratio of 22.17 and a beta of 1.52.

Trinity Industries (NYSE:TRN) last released its earnings results on Thursday, October 30th. The transportation company reported $0.38 earnings per share for the quarter, meeting the consensus estimate of $0.38. Trinity Industries had a net margin of 3.83% and a return on equity of 8.49%. The business had revenue of $454.10 million during the quarter, compared to analysts’ expectations of $532.66 million. During the same quarter last year, the company earned $0.43 earnings per share. The firm’s revenue was down 43.2% on a year-over-year basis. Trinity Industries has set its FY 2025 guidance at 1.550-1.70 EPS. Equities research analysts forecast that Trinity Industries, Inc. will post 1.65 EPS for the current year.

Trinity Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend was Wednesday, October 15th. Trinity Industries’s dividend payout ratio (DPR) is presently 105.26%.

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.