Russell Investments Group Ltd. Raises Stake in Trinity Industries, Inc. $TRN

Russell Investments Group Ltd. boosted its holdings in Trinity Industries, Inc. (NYSE:TRN) by 317.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 35,940 shares of the transportation company’s stock after purchasing an additional 27,332 shares during the quarter. Russell Investments Group Ltd.’s holdings in Trinity Industries were worth $1,243,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Strs Ohio purchased a new position in Trinity Industries during the first quarter valued at $25,000. Northwestern Mutual Wealth Management Co. grew its position in Trinity Industries by 94.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,016 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 494 shares during the last quarter. Whittier Trust Co. raised its holdings in Trinity Industries by 880.7% in the first quarter. Whittier Trust Co. now owns 863 shares of the transportation company’s stock worth $28,000 after buying an additional 775 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Trinity Industries by 24.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,538 shares of the transportation company’s stock valued at $41,000 after buying an additional 298 shares during the last quarter. Finally, Kelleher Financial Advisors bought a new stake in shares of Trinity Industries during the third quarter valued at approximately $41,000. 86.57% of the stock is owned by institutional investors.

Trinity Industries Trading Up 1.1%

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

Trinity Industries Announces Dividend

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

Wall Street Analysts Forecast Growth

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

Trinity Industries Company 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.