Geode Capital Management LLC Purchases 24,832 Shares of Trinity Industries, Inc. (NYSE:TRN)

Geode Capital Management LLC boosted its holdings in shares of Trinity Industries, Inc. (NYSE:TRN) by 1.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,848,591 shares of the transportation company’s stock after acquiring an additional 24,832 shares during the period. Geode Capital Management LLC owned approximately 2.25% of Trinity Industries worth $64,418,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Matrix Trust Co bought a new position in shares of Trinity Industries during the 3rd quarter valued at about $25,000. GAMMA Investing LLC increased its stake in Trinity Industries by 85.6% during the 3rd quarter. GAMMA Investing LLC now owns 1,017 shares of the transportation company’s stock worth $35,000 after purchasing an additional 469 shares in the last quarter. Innealta Capital LLC acquired a new stake in Trinity Industries during the 2nd quarter worth approximately $31,000. Canada Pension Plan Investment Board bought a new position in Trinity Industries in the second quarter valued at approximately $54,000. Finally, CWM LLC boosted its holdings in shares of Trinity Industries by 13.3% in the third quarter. CWM LLC now owns 5,197 shares of the transportation company’s stock valued at $181,000 after buying an additional 609 shares during the period. 86.57% of the stock is owned by institutional investors and hedge funds.

Trinity Industries Stock Up 1.1 %

Shares of TRN stock opened at $35.76 on Friday. The firm’s fifty day moving average price is $36.53 and its two-hundred day moving average price is $33.50. The company has a current ratio of 2.00, a quick ratio of 1.08 and a debt-to-equity ratio of 4.39. Trinity Industries, Inc. has a 1 year low of $23.40 and a 1 year high of $39.00. The firm has a market capitalization of $2.94 billion, a P/E ratio of 17.44 and a beta of 1.39.

Trinity Industries (NYSE:TRN) last released its earnings results on Thursday, October 31st. The transportation company reported $0.43 earnings per share (EPS) for the quarter, beating 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 business had revenue of $798.80 million for the quarter, compared to the consensus estimate of $696.00 million. During the same quarter in the previous year, the business earned $0.26 earnings per share. Trinity Industries’s quarterly revenue was down 2.7% on a year-over-year basis. On average, equities analysts predict that Trinity Industries, Inc. will post 1.75 EPS for the current fiscal year.

Trinity Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This is a boost from Trinity Industries’s previous quarterly dividend of $0.28. This represents a $1.20 annualized dividend and a dividend yield of 3.36%. Trinity Industries’s dividend payout ratio (DPR) is currently 58.54%.

Analyst Ratings Changes

TRN has been the topic of several research reports. Susquehanna cut shares of Trinity Industries from a “positive” rating to a “neutral” rating and boosted their price objective for the company from $34.00 to $35.00 in a research report on Monday, October 21st. The Goldman Sachs Group assumed coverage on Trinity Industries in a report on Monday, November 18th. They issued a “neutral” rating and a $39.00 price target on the stock. Finally, StockNews.com downgraded Trinity Industries from a “buy” rating to a “hold” rating in a report 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.