Mitsubishi UFJ Trust & Banking Corp Has $872,000 Holdings in Trinity Industries, Inc. $TRN

Mitsubishi UFJ Trust & Banking Corp grew its position in shares of Trinity Industries, Inc. (NYSE:TRN) by 500.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,211 shares of the transportation company’s stock after buying an additional 21,009 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Trinity Industries were worth $872,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Strs Ohio acquired a new position in shares of Trinity Industries in the 1st quarter worth approximately $25,000. Northwestern Mutual Wealth Management Co. increased its holdings 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 in the last quarter. Whittier Trust Co. increased its holdings in Trinity Industries by 880.7% during the 1st quarter. Whittier Trust Co. now owns 863 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 775 shares in the last quarter. Kelleher Financial Advisors acquired a new stake in Trinity Industries during the 3rd quarter valued at $41,000. Finally, Smartleaf Asset Management LLC raised its position in Trinity Industries by 24.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,538 shares of the transportation company’s stock valued at $41,000 after purchasing an additional 298 shares during the last quarter. Institutional investors and hedge funds own 86.57% of the company’s stock.

Analysts Set New Price Targets

TRN has been the topic of a number of recent analyst reports. Susquehanna reduced their price objective on Trinity Industries from $35.00 to $34.00 and set a “neutral” rating on the stock in a research note on Friday, July 31st. Wall Street Zen lowered Trinity Industries from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Weiss Ratings cut Trinity Industries from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $36.00 price target on shares of Trinity Industries in a research report on Thursday, April 30th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Trinity Industries has a consensus rating of “Hold” and an average target price of $35.00.

Trinity Industries Price Performance

TRN opened at $29.62 on Friday. Trinity Industries, Inc. has a one year low of $24.76 and a one year high of $38.31. The company has a debt-to-equity ratio of 4.56, a current ratio of 1.89 and a quick ratio of 0.91. The company’s 50 day simple moving average is $34.27 and its 200-day simple moving average is $33.13. The stock has a market capitalization of $2.36 billion, a P/E ratio of 7.14 and a beta of 1.37.

Trinity Industries Dividend Announcement

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

About Trinity Industries

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.