Verity Asset Management Inc. Has $283,000 Stock Holdings in Trinity Industries, Inc. (NYSE:TRN)

Verity Asset Management Inc. lessened its position in shares of Trinity Industries, Inc. (NYSE:TRN) by 20.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,054 shares of the transportation company’s stock after selling 2,053 shares during the quarter. Verity Asset Management Inc.’s holdings in Trinity Industries were worth $283,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in TRN. Algert Global LLC lifted its stake in shares of Trinity Industries by 125.0% during the third quarter. Algert Global LLC now owns 297,230 shares of the transportation company’s stock valued at $10,355,000 after acquiring an additional 165,105 shares during the period. Barclays PLC lifted its stake in shares of Trinity Industries by 387.2% during the third quarter. Barclays PLC now owns 179,500 shares of the transportation company’s stock valued at $6,254,000 after acquiring an additional 142,660 shares during the period. State Street Corp lifted its stake in shares of Trinity Industries by 2.3% during the third quarter. State Street Corp now owns 3,226,026 shares of the transportation company’s stock valued at $112,395,000 after acquiring an additional 73,183 shares during the period. Citigroup Inc. lifted its stake in shares of Trinity Industries by 81.5% during the third quarter. Citigroup Inc. now owns 115,775 shares of the transportation company’s stock valued at $4,034,000 after acquiring an additional 51,988 shares during the period. Finally, Los Angeles Capital Management LLC lifted its stake in Trinity Industries by 611.4% in the third quarter. Los Angeles Capital Management LLC now owns 51,912 shares of the transportation company’s stock valued at $1,809,000 after buying an additional 44,615 shares during the period. Institutional investors and hedge funds own 86.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TRN. The Goldman Sachs Group began coverage on Trinity Industries in a research note on Monday, November 18th. They issued a “neutral” rating and a $39.00 target price on the stock. Susquehanna lowered Trinity Industries from a “positive” rating to a “neutral” rating and increased their target price for the company from $34.00 to $35.00 in a research note on Monday, October 21st. Finally, StockNews.com lowered Trinity Industries from a “buy” rating to a “hold” rating in a research note on Monday, November 4th.

Trinity Industries Stock Up 1.9 %

Shares of Trinity Industries stock opened at $37.22 on Wednesday. Trinity Industries, Inc. has a 1 year low of $23.67 and a 1 year high of $39.83. The business has a 50-day moving average of $36.90 and a two-hundred day moving average of $35.09. The company has a market capitalization of $3.06 billion, a P/E ratio of 18.16 and a beta of 1.40. The company has a debt-to-equity ratio of 4.39, a current ratio of 2.00 and a quick ratio of 1.08.

Trinity Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th were issued a $0.30 dividend. This is an increase from Trinity Industries’s previous quarterly dividend of $0.28. This represents a $1.20 annualized dividend and a dividend yield of 3.22%. The ex-dividend date was Wednesday, January 15th. Trinity Industries’s dividend payout ratio is 58.54%.

Trinity Industries Profile

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.