Citigroup Inc. Has $4.03 Million Stock Position in Trinity Industries, Inc. (NYSE:TRN)

Citigroup Inc. increased its holdings in shares of Trinity Industries, Inc. (NYSE:TRN) by 81.5% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 115,775 shares of the transportation company’s stock after purchasing an additional 51,988 shares during the period. Citigroup Inc.’s holdings in Trinity Industries were worth $4,034,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Encompass Capital Advisors LLC bought a new position in shares of Trinity Industries during the second quarter worth about $40,527,000. American Century Companies Inc. grew its stake in Trinity Industries by 136.2% during the second quarter. American Century Companies Inc. now owns 1,047,663 shares of the transportation company’s stock worth $31,346,000 after purchasing an additional 604,050 shares during the period. Millennium Management LLC grew its stake in Trinity Industries by 180.7% during the second quarter. Millennium Management LLC now owns 823,040 shares of the transportation company’s stock worth $24,625,000 after purchasing an additional 529,857 shares during the period. First Eagle Investment Management LLC grew its stake in Trinity Industries by 5.5% during the second quarter. First Eagle Investment Management LLC now owns 500,880 shares of the transportation company’s stock worth $14,986,000 after purchasing an additional 26,300 shares during the period. Finally, Royce & Associates LP grew its stake in Trinity Industries by 8.2% during the third quarter. Royce & Associates LP now owns 367,421 shares of the transportation company’s stock worth $12,801,000 after purchasing an additional 27,870 shares during the period. 86.57% of the stock is currently owned by institutional investors.

Trinity Industries Trading Down 0.8 %

NYSE TRN opened at $37.35 on Wednesday. Trinity Industries, Inc. has a 1-year low of $23.40 and a 1-year high of $38.69. 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 stock has a 50-day moving average of $35.84 and a 200-day moving average of $32.93. The firm has a market cap of $3.07 billion, a PE ratio of 18.22 and a beta of 1.39.

Trinity Industries (NYSE:TRN) last posted its earnings results on Thursday, October 31st. The transportation company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.05. Trinity Industries had a return on equity of 14.57% and a net margin of 5.31%. The firm had revenue of $798.80 million for the quarter, compared to the consensus estimate of $696.00 million. During the same quarter in the prior year, the business earned $0.26 EPS. The business’s revenue for the quarter was down 2.7% on a year-over-year basis. As a group, sell-side analysts forecast that Trinity Industries, Inc. will post 1.75 EPS for the current year.

Trinity Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 15th were paid a $0.28 dividend. The ex-dividend date was Tuesday, October 15th. This represents a $1.12 annualized dividend and a dividend yield of 3.00%. Trinity Industries’s payout ratio is currently 54.63%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. The Goldman Sachs Group assumed coverage on Trinity Industries in a research note on Monday, November 18th. They issued a “neutral” rating and a $39.00 price objective for the company. Susquehanna lowered Trinity Industries from a “positive” rating to a “neutral” rating and lifted their price target for the stock from $34.00 to $35.00 in a report on Monday, October 21st. Finally, StockNews.com lowered Trinity Industries from a “buy” rating to a “hold” rating in a research note on Monday, November 4th.

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.