Trinity Industries, Inc. $TRN Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC decreased its position in shares of Trinity Industries, Inc. (NYSE:TRN) by 3.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 247,705 shares of the transportation company’s stock after selling 8,880 shares during the period. ProShare Advisors LLC owned 0.31% of Trinity Industries worth $6,691,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TRN. Parkside Financial Bank & Trust raised its stake in shares of Trinity Industries by 129.5% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,058 shares of the transportation company’s stock worth $29,000 after buying an additional 597 shares in the last quarter. Fox Run Management L.L.C. raised its position in Trinity Industries by 19.5% in the second quarter. Fox Run Management L.L.C. now owns 41,235 shares of the transportation company’s stock worth $1,114,000 after acquiring an additional 6,742 shares in the last quarter. Jennison Associates LLC lifted its holdings in Trinity Industries by 1.9% in the 2nd quarter. Jennison Associates LLC now owns 3,731,145 shares of the transportation company’s stock valued at $100,778,000 after acquiring an additional 69,751 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of Trinity Industries during the 2nd quarter valued at about $220,000. Finally, Envestnet Asset Management Inc. grew its stake in shares of Trinity Industries by 1.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 120,081 shares of the transportation company’s stock worth $3,243,000 after purchasing an additional 1,548 shares during the last quarter. 86.57% of the stock is owned by institutional investors.

Trinity Industries Trading Down 0.3%

Shares of NYSE TRN opened at $25.28 on Friday. The company has a current ratio of 1.96, a quick ratio of 1.01 and a debt-to-equity ratio of 4.66. Trinity Industries, Inc. has a one year low of $22.38 and a one year high of $39.83. The business has a 50-day moving average price of $27.59 and a two-hundred day moving average price of $26.99. The firm has a market capitalization of $2.03 billion, a PE ratio of 22.17 and a beta of 1.52.

Trinity Industries (NYSE:TRN) last posted its quarterly earnings results on Thursday, October 30th. The transportation company reported $0.38 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.38. Trinity Industries had a net margin of 3.83% and a return on equity of 8.49%. The business had revenue of $454.10 million during the quarter, compared to analyst estimates of $532.66 million. During the same period in the prior year, the firm earned $0.43 earnings per share. The firm’s revenue was down 43.2% compared to the same quarter last year. Trinity Industries has set its FY 2025 guidance at 1.550-1.70 EPS. As a group, analysts predict that Trinity Industries, Inc. will post 1.65 earnings per share for the current fiscal year.

Trinity Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 4.7%. The ex-dividend date was Wednesday, October 15th. Trinity Industries’s payout ratio is currently 105.26%.

Analysts Set New Price Targets

Several analysts recently commented on the stock. The Goldman Sachs Group set a $31.00 target price on shares of Trinity Industries and gave the company a “neutral” rating in a research note on Friday, October 31st. Wall Street Zen raised Trinity Industries from a “sell” rating to a “hold” rating in a research note on Saturday, August 30th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Trinity Industries in a report on Wednesday, October 8th. Finally, Susquehanna reissued a “neutral” rating and issued a $23.00 price target on shares of Trinity Industries in a research note on Friday, October 31st. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $27.00.

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.