First Citizens Bank & Trust Co. Purchases Shares of 19,807 Trinity Industries, Inc. $TRN

First Citizens Bank & Trust Co. purchased a new stake in shares of Trinity Industries, Inc. (NYSE:TRN) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 19,807 shares of the transportation company’s stock, valued at approximately $535,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Strs Ohio bought a new stake in Trinity Industries during the 1st quarter valued at $25,000. GAMMA Investing LLC boosted its holdings in Trinity Industries by 75.4% during the 2nd quarter. GAMMA Investing LLC now owns 1,114 shares of the transportation company’s stock worth $30,000 after acquiring an additional 479 shares during the last quarter. Headlands Technologies LLC boosted its holdings in Trinity Industries by 3,418.2% during the 1st quarter. Headlands Technologies LLC now owns 1,548 shares of the transportation company’s stock worth $43,000 after acquiring an additional 1,504 shares during the last quarter. Trust Co. of Toledo NA OH purchased a new position in Trinity Industries during the 2nd quarter worth $43,000. Finally, Russell Investments Group Ltd. boosted its holdings in Trinity Industries by 97.4% during the 1st quarter. Russell Investments Group Ltd. now owns 3,604 shares of the transportation company’s stock worth $101,000 after acquiring an additional 1,778 shares during the last quarter. Institutional investors own 86.57% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on TRN shares. Susquehanna cut their price objective on shares of Trinity Industries from $26.00 to $24.00 and set a “neutral” rating on the stock in a report on Tuesday, July 29th. Wall Street Zen raised shares of Trinity Industries from a “sell” rating to a “hold” rating in a report on Saturday, August 30th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Trinity Industries in a report on Friday. Three analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $27.50.

Trinity Industries Price Performance

Shares of NYSE:TRN opened at $28.21 on Friday. The company’s 50-day moving average is $28.11 and its 200 day moving average is $26.88. The company has a debt-to-equity ratio of 4.66, a quick ratio of 1.01 and a current ratio of 1.96. The company has a market capitalization of $2.28 billion, a P/E ratio of 24.74 and a beta of 1.52. Trinity Industries, Inc. has a fifty-two week low of $22.38 and a fifty-two week high of $39.83.

Trinity Industries (NYSE:TRN) last issued its quarterly earnings results on Thursday, July 31st. The transportation company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.12). The company had revenue of $506.20 million during the quarter, compared to analysts’ expectations of $589.96 million. Trinity Industries had a return on equity of 8.49% and a net margin of 3.83%.Trinity Industries’s quarterly revenue was down 39.8% compared to the same quarter last year. During the same period last year, the firm posted $0.66 earnings per share. Trinity Industries has set its FY 2025 guidance at 1.400-1.60 EPS. On average, equities research analysts forecast that Trinity Industries, Inc. will post 1.65 earnings per share for the current year.

Trinity Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Wednesday, October 15th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a $1.20 annualized dividend and a yield of 4.3%. Trinity Industries’s dividend payout ratio is 105.26%.

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.