Trinity Industries, Inc. (NYSE:TRN) Shares Sold by Truist Financial Corp

Truist Financial Corp trimmed its position in Trinity Industries, Inc. (NYSE:TRN) by 8.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 820,196 shares of the transportation company’s stock after selling 73,018 shares during the period. Truist Financial Corp owned about 1.00% of Trinity Industries worth $21,809,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of TRN. Ramirez Asset Management Inc. acquired a new stake in Trinity Industries in the 3rd quarter valued at about $32,000. Huntington National Bank boosted its stake in Trinity Industries by 61.8% during the third quarter. Huntington National Bank now owns 1,382 shares of the transportation company’s stock worth $34,000 after buying an additional 528 shares during the last quarter. Criterion Capital Advisors LLC purchased a new stake in Trinity Industries in the 4th quarter valued at $76,000. International Assets Investment Management LLC increased its stake in shares of Trinity Industries by 2,559.0% in the 4th quarter. International Assets Investment Management LLC now owns 7,977 shares of the transportation company’s stock worth $212,000 after acquiring an additional 7,677 shares during the last quarter. Finally, Quadrature Capital Ltd acquired a new stake in shares of Trinity Industries in the 3rd quarter worth $216,000. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Trinity Industries Trading Down 0.2 %

TRN opened at $27.08 on Tuesday. The stock has a market capitalization of $2.22 billion, a PE ratio of 21.49 and a beta of 1.39. Trinity Industries, Inc. has a one year low of $20.04 and a one year high of $28.86. The company has a debt-to-equity ratio of 4.51, a quick ratio of 0.78 and a current ratio of 1.91. The business’s 50 day moving average price is $26.41 and its 200 day moving average price is $25.43.

Trinity Industries (NYSE:TRN) last posted its earnings results on Thursday, February 22nd. The transportation company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.16. The company had revenue of $797.90 million for the quarter, compared to the consensus estimate of $749.25 million. Trinity Industries had a return on equity of 9.29% and a net margin of 3.55%. The company’s revenue for the quarter was up 35.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.44 earnings per share. As a group, equities research analysts expect that Trinity Industries, Inc. will post 1.46 EPS for the current year.

Trinity Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be given a $0.28 dividend. The ex-dividend date of this dividend is Friday, April 12th. This represents a $1.12 dividend on an annualized basis and a yield of 4.14%. Trinity Industries’s payout ratio is currently 88.89%.

Analyst Upgrades and Downgrades

Separately, Susquehanna dropped their price objective on shares of Trinity Industries from $32.00 to $30.00 and set a “positive” rating for the company in a report on Friday, February 23rd. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Trinity Industries has a consensus rating of “Moderate Buy” and an average target price of $29.00.

Insiders Place Their Bets

In related news, CFO Eric R. Marchetto sold 9,781 shares of the stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $28.00, for a total transaction of $273,868.00. Following the completion of the transaction, the chief financial officer now owns 233,704 shares of the company’s stock, valued at approximately $6,543,712. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.60% of the stock is currently owned by insiders.

About Trinity Industries

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.