Trinity Industries, Inc. (NYSE:TRN) Stock Holdings Increased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. increased its stake in shares of Trinity Industries, Inc. (NYSE:TRN) by 10.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,008 shares of the transportation company’s stock after purchasing an additional 764 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Trinity Industries were worth $213,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. TFO Wealth Partners LLC lifted its holdings in shares of Trinity Industries by 22,360.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,123 shares of the transportation company’s stock valued at $30,000 after buying an additional 1,118 shares during the last quarter. Ramirez Asset Management Inc. bought a new stake in Trinity Industries in the third quarter worth approximately $32,000. ICA Group Wealth Management LLC acquired a new position in shares of Trinity Industries during the 4th quarter worth $32,000. Northwest Bank & Trust Co bought a new position in shares of Trinity Industries during the 4th quarter valued at $66,000. Finally, Criterion Capital Advisors LLC acquired a new stake in shares of Trinity Industries in the 4th quarter valued at $76,000. 86.57% of the stock is owned by hedge funds and other institutional investors.

Trinity Industries Stock Up 0.2 %

TRN stock opened at $29.29 on Wednesday. The company has a debt-to-equity ratio of 4.55, a current ratio of 1.88 and a quick ratio of 0.91. The company has a 50-day moving average of $29.93 and a two-hundred day moving average of $27.46. The stock has a market capitalization of $2.40 billion, a price-to-earnings ratio of 19.65 and a beta of 1.41. Trinity Industries, Inc. has a 52-week low of $20.04 and a 52-week high of $32.00.

Trinity Industries (NYSE:TRN) last announced its earnings results on Wednesday, May 1st. The transportation company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.07. Trinity Industries had a return on equity of 10.93% and a net margin of 3.98%. The firm had revenue of $809.60 million during the quarter, compared to the consensus estimate of $750.97 million. During the same quarter in the prior year, the company earned $0.07 EPS. The firm’s revenue for the quarter was up 26.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Trinity Industries, Inc. will post 1.5 EPS for the current year.

Trinity Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, July 15th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 3.82%. The ex-dividend date is Monday, July 15th. Trinity Industries’s payout ratio is currently 75.17%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TRN. TD Cowen raised their target price on Trinity Industries from $30.00 to $33.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Susquehanna boosted their target price on Trinity Industries from $30.00 to $34.00 and gave the stock a “positive” rating in a report on Thursday, May 2nd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Trinity Industries currently has an average rating of “Moderate Buy” and an average price target of $31.00.

Insider Buying and Selling at Trinity Industries

In other news, CFO Eric R. Marchetto sold 8,816 shares of the company’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $30.00, for a total transaction of $264,480.00. Following the completion of the transaction, the chief financial officer now owns 224,888 shares of the company’s stock, valued at $6,746,640. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.60% of the company’s stock.

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.