XTX Topco Ltd Purchases New Stake in Trinity Industries, Inc. (NYSE:TRN)

XTX Topco Ltd purchased a new stake in shares of Trinity Industries, Inc. (NYSE:TRN) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 18,169 shares of the transportation company’s stock, valued at approximately $633,000.

Several other large investors have also recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC increased its position in Trinity Industries by 4.9% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 8,842 shares of the transportation company’s stock worth $265,000 after purchasing an additional 417 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in Trinity Industries by 5.1% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 8,771 shares of the transportation company’s stock worth $262,000 after purchasing an additional 423 shares during the last quarter. GAMMA Investing LLC increased its position in Trinity Industries by 85.6% in 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 during the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of Trinity Industries by 1.4% during the 2nd quarter. Commonwealth Equity Services LLC now owns 36,223 shares of the transportation company’s stock worth $1,084,000 after acquiring an additional 497 shares in the last quarter. Finally, CWM LLC boosted its stake in shares of Trinity Industries by 13.3% during the 3rd quarter. CWM LLC now owns 5,197 shares of the transportation company’s stock worth $181,000 after acquiring an additional 609 shares in the last quarter. 86.57% of the stock is owned by institutional investors and hedge funds.

Trinity Industries Price Performance

Shares of NYSE:TRN opened at $37.38 on Friday. The business has a 50 day moving average price of $36.35 and a 200 day moving average price of $33.25. Trinity Industries, Inc. has a twelve month low of $23.40 and a twelve month high of $39.00. The company has a market cap of $3.07 billion, a price-to-earnings ratio of 18.23 and a beta of 1.39. The company has a quick ratio of 1.08, a current ratio of 2.00 and a debt-to-equity ratio of 4.39.

Trinity Industries (NYSE:TRN) last announced its earnings results on Thursday, October 31st. The transportation company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.05. Trinity Industries had a return on equity of 14.57% and a net margin of 5.31%. The firm had revenue of $798.80 million during the quarter, compared to the consensus estimate of $696.00 million. During the same quarter in the prior year, the company earned $0.26 EPS. The firm’s revenue for the quarter was down 2.7% compared to the same quarter last year. Research analysts predict that Trinity Industries, Inc. will post 1.75 earnings per share for the current year.

Trinity Industries Increases Dividend

The firm 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 dividend of $0.30 per share. This is an increase from Trinity Industries’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $1.20 annualized dividend and a yield of 3.21%. Trinity Industries’s dividend payout ratio is presently 58.54%.

Analyst Upgrades and Downgrades

TRN has been the subject of several recent analyst reports. StockNews.com downgraded Trinity Industries from a “buy” rating to a “hold” rating in a research note on Monday, November 4th. Susquehanna downgraded Trinity Industries from a “positive” rating to a “neutral” rating and upped their price target for the stock from $34.00 to $35.00 in a research note on Monday, October 21st. Finally, The Goldman Sachs Group initiated coverage on Trinity Industries in a research note on Monday, November 18th. They set a “neutral” rating and a $39.00 price target for the company.

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.