Fifth Third Bancorp Raises Position in Trinity Industries, Inc. $TRN

Fifth Third Bancorp lifted its holdings in shares of Trinity Industries, Inc. (NYSE:TRN) by 110.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 67,043 shares of the transportation company’s stock after purchasing an additional 35,168 shares during the quarter. Fifth Third Bancorp’s holdings in Trinity Industries were worth $2,318,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. UBS Group AG boosted its stake in Trinity Industries by 92.3% in the 4th quarter. UBS Group AG now owns 455,201 shares of the transportation company’s stock worth $12,036,000 after buying an additional 218,437 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in Trinity Industries in the 1st quarter valued at about $6,710,000. Dimensional Fund Advisors LP increased its stake in shares of Trinity Industries by 1.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,801,236 shares of the transportation company’s stock valued at $154,500,000 after acquiring an additional 81,263 shares during the last quarter. Segall Bryant & Hamill LLC acquired a new position in shares of Trinity Industries during the 1st quarter valued at about $1,587,000. Finally, Hsbc Holdings PLC purchased a new position in shares of Trinity Industries during the 1st quarter worth about $1,657,000. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on TRN shares. Wall Street Zen cut shares of Trinity Industries from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Susquehanna dropped their price target on shares of Trinity Industries from $35.00 to $34.00 and set a “neutral” rating for the company in a research report on Friday, July 31st. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $36.00 price target on shares of Trinity Industries in a research note on Thursday, April 30th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Trinity Industries in a report on Friday, July 31st. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $35.00.

Trinity Industries Stock Up 1.1%

Shares of Trinity Industries stock opened at $29.62 on Friday. The company has a fifty day moving average price of $34.27 and a 200 day moving average price of $33.13. The company has a current ratio of 1.89, a quick ratio of 0.91 and a debt-to-equity ratio of 4.56. Trinity Industries, Inc. has a twelve month low of $24.76 and a twelve month high of $38.31. The stock has a market cap of $2.36 billion, a price-to-earnings ratio of 7.14 and a beta of 1.37.

Trinity Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th were given a $0.31 dividend. The ex-dividend date of this dividend was Wednesday, July 15th. This represents a $1.24 annualized dividend and a dividend yield of 4.2%. Trinity Industries’s dividend payout ratio is presently 29.88%.

Trinity Industries Profile

Trinity Industries, Inc is a diversified industrial company headquartered in Dallas, Texas, with roots dating back to its incorporation in 1933. The company principally serves the transportation, infrastructure and energy sectors through the design, manufacture and leasing of railcars and related components. Trinity operates multiple business segments that encompass railcar manufacturing, aftermarket parts production, railcar leasing and management, inland barge construction and leasing, as well as infrastructure products for highways and energy applications.

In its railcar segment, Trinity produces a broad portfolio of freight cars—including tank cars, covered hoppers, gondolas and autoracks—alongside critical system components such as braking systems, couplers and wheels.