Robertson Stephens Wealth Management LLC acquired a new stake in shares of Trinity Industries, Inc. (NYSE:TRN – Free Report) during the 4th quarter, Holdings Channel reports. The firm acquired 18,641 shares of the transportation company’s stock, valued at approximately $493,000.
Several other institutional investors have also recently made changes to their positions in the stock. Stephens Inc. AR grew its position in Trinity Industries by 1,416.2% during the 3rd quarter. Stephens Inc. AR now owns 123,770 shares of the transportation company’s stock worth $3,471,000 after purchasing an additional 115,607 shares during the period. American Century Companies Inc. grew its position in Trinity Industries by 8.6% during the 3rd quarter. American Century Companies Inc. now owns 2,976,431 shares of the transportation company’s stock worth $83,459,000 after purchasing an additional 236,837 shares during the period. Capital International Investors grew its position in Trinity Industries by 10.2% during the 3rd quarter. Capital International Investors now owns 5,409,047 shares of the transportation company’s stock worth $151,588,000 after purchasing an additional 499,590 shares during the period. Concurrent Investment Advisors LLC grew its position in Trinity Industries by 147.4% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 74,792 shares of the transportation company’s stock worth $2,097,000 after purchasing an additional 44,560 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH grew its position in Trinity Industries by 87.9% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 76,236 shares of the transportation company’s stock worth $2,138,000 after purchasing an additional 35,657 shares during the period. Institutional investors and hedge funds own 86.57% of the company’s stock.
Trinity Industries Price Performance
NYSE:TRN opened at $34.60 on Tuesday. Trinity Industries, Inc. has a 52 week low of $22.38 and a 52 week high of $36.62. The company has a quick ratio of 0.94, a current ratio of 1.87 and a debt-to-equity ratio of 4.70. The stock has a market capitalization of $2.76 billion, a PE ratio of 11.09 and a beta of 1.40. The stock’s 50-day moving average price is $32.33 and its 200-day moving average price is $29.54.
Trinity Industries Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Wednesday, April 15th were given a dividend of $0.31 per share. The ex-dividend date was Wednesday, April 15th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.6%. Trinity Industries’s dividend payout ratio (DPR) is 39.74%.
Analysts Set New Price Targets
Several equities research analysts have weighed in on TRN shares. Susquehanna increased their price target on Trinity Industries from $34.00 to $35.00 and gave the stock a “neutral” rating in a research report on Friday. Weiss Ratings raised Trinity Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, April 17th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $36.00 price target on shares of Trinity Industries in a research report on Thursday. Finally, Wall Street Zen downgraded Trinity Industries from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Trinity Industries currently has a consensus rating of “Hold” and a consensus target price of $35.50.
View Our Latest Stock Report on TRN
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.
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