Advisors Asset Management Inc. Purchases 12,658 Shares of Trinity Industries, Inc. (NYSE:TRN)

Advisors Asset Management Inc. lifted its position in Trinity Industries, Inc. (NYSE:TRN) by 6.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 202,063 shares of the transportation company’s stock after purchasing an additional 12,658 shares during the period. Advisors Asset Management Inc. owned about 0.25% of Trinity Industries worth $7,040,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in TRN. US Bancorp DE grew its holdings in shares of Trinity Industries by 6.8% in the first quarter. US Bancorp DE now owns 20,933 shares of the transportation company’s stock worth $583,000 after purchasing an additional 1,330 shares during the last quarter. State Board of Administration of Florida Retirement System grew its holdings in shares of Trinity Industries by 30.4% in the first quarter. State Board of Administration of Florida Retirement System now owns 30,241 shares of the transportation company’s stock worth $842,000 after purchasing an additional 7,050 shares during the last quarter. UniSuper Management Pty Ltd bought a new position in shares of Trinity Industries in the first quarter worth approximately $544,000. CANADA LIFE ASSURANCE Co lifted its stake in Trinity Industries by 6.8% in the first quarter. CANADA LIFE ASSURANCE Co now owns 77,241 shares of the transportation company’s stock worth $2,150,000 after acquiring an additional 4,934 shares during the period. Finally, Capital Group Private Client Services Inc. lifted its stake in Trinity Industries by 3.6% in the first quarter. Capital Group Private Client Services Inc. now owns 168,761 shares of the transportation company’s stock worth $4,700,000 after acquiring an additional 5,874 shares during the period. Institutional investors own 86.57% of the company’s stock.

Trinity Industries Stock Performance

Shares of Trinity Industries stock opened at $37.03 on Thursday. The company has a current ratio of 2.00, a quick ratio of 1.08 and a debt-to-equity ratio of 4.39. The firm has a market capitalization of $3.04 billion, a P/E ratio of 18.06 and a beta of 1.39. The business has a fifty day simple moving average of $34.91 and a two-hundred day simple moving average of $32.46. Trinity Industries, Inc. has a 12 month low of $23.40 and a 12 month high of $38.69.

Trinity Industries (NYSE:TRN) last announced its quarterly earnings data on Thursday, October 31st. The transportation company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.38 by $0.05. The business had revenue of $798.80 million during the quarter, compared to analyst estimates of $696.00 million. Trinity Industries had a return on equity of 14.57% and a net margin of 5.31%. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.26 earnings per share. On average, equities analysts forecast that Trinity Industries, Inc. will post 1.75 earnings per share for the current fiscal year.

Trinity Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th were given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 3.02%. The ex-dividend date was Tuesday, October 15th. Trinity Industries’s dividend payout ratio is presently 54.63%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Susquehanna lowered Trinity Industries from a “positive” rating to a “neutral” rating and raised their price target for the stock from $34.00 to $35.00 in a research note on Monday, October 21st. The Goldman Sachs Group assumed coverage on Trinity Industries in a research note on Monday. They issued a “neutral” rating and a $39.00 price target for the company. Finally, StockNews.com lowered Trinity Industries from a “buy” rating to a “hold” rating in a research note on Monday, November 4th.

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.