Point72 DIFC Ltd acquires a new position in Trinity Industries, Inc. (NYSE:TRN)

Point72 DIFC Ltd purchased a new position in Trinity Industries, Inc. (NYSE:TRN – Free Report) during the second quarter, HoldingsChannel reports. The fund acquired 6,916 shares of the transportation company’s stock, valued at approximately $207,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in TRN. Vanguard Group Inc. raised its stake in Trinity Industries by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 9,677,808 shares of the transportation company’s stock valued at $257,333,000 after acquiring an additional 83,769 shares during the period. Capital International Investors boosted its holdings in Trinity Industries by 0.4% in the first quarter. Capital International Investors now owns 8,677,153 shares of the transportation company’s stock valued at $241,659,000 after buying an additional 31,313 shares during the last quarter. Gamco Investors INC. ET AL raised its holdings in Trinity Industries by 1.8% in the fourth quarter. Gamco Investors INC. ET AL now owns 1,238,703 shares of the transportation company’s stock valued at $32,937,000 after buying an additional 21,540 shares in the last quarter. American Century Companies Inc. raised its position in shares of Trinity Industries by 136.2% in the second quarter. American Century Companies Inc. now owns 1,047,663 shares of the transportation company’s stock worth $31,346,000 after acquiring an additional 604,050 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in shares of Trinity Industries by 72.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 707,633 shares of the transportation company’s stock worth $18,816,000 after purchasing an additional 297,153 shares during the last quarter. Institutional investors and hedge funds own 86.57% of the company’s shares.

Trinity Industries stock performance

NYSE:TRN opened at $33.94 on Friday. The company has a debt-to-equity ratio of 4.39, a quick ratio of 0.98, and a current ratio of 1.91. The stock has a market cap of $2.80 billion, a PE ratio of 22.78 and a beta of 1.39. Trinity Industries, Inc. it has a fifty-two week low of $20.04 and a fifty-two week high of $37.04. The company has a fifty day moving average of $32.64 and a two hundred day moving average of $30.16.

Trinity Industries (NYSE:TRN – Get Your Free Report ) last posted its earnings results on Thursday, August 1st. The transportation company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.32. The business had revenue of $841.40 million during the quarter, compared to analysts’ expectations of $738.00 million. Trinity Industries had a net margin of 4.98% and a return on equity of 13.66%. The company’s quarterly revenue was up 16.5% year over year. In the same quarter last year, the company earned $0.23 per share. As a group, research analysts forecast that Trinity Industries, Inc. will post 1.65 earnings per share for the current fiscal year.

Trinity Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be given a $0.28 dividend. The ex-dividend date of this dividend is Tuesday, October 15th. This represents an annualized dividend of $1.12 and a dividend yield of 3.30%. Trinity Industries’ dividend payout ratio (DPR) is currently 75.17%.

Analyst upgrades and downgrades

Separately, StockNews.com upgraded Trinity Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, September 10th.

Check out our latest analysis of Trinity Industries

Trinity Industries Company Profile

(Free Report)

Trinity Industries, Inc provides rail transportation products and services under the name TrinityRail 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 cars; initiates and manages railcar rentals for third-party investors; and provides fleet maintenance and management services.

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