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

Verity Asset Management Inc. cut its holdings in shares of Trinity Industries, Inc. (NYSE:TRN) by 20.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Jennison Associates LLC increased its position in shares of Trinity Industries by 0.5% during the fourth quarter. Jennison Associates LLC now owns 3,588,234 shares of the transportation company’s stock valued at $125,947,000 after purchasing an additional 18,851 shares during the period. Twelve Points Wealth Management LLC increased its position in shares of Trinity Industries by 11.3% during the fourth quarter. Twelve Points Wealth Management LLC now owns 42,058 shares of the transportation company’s stock valued at $1,476,000 after purchasing an additional 4,286 shares during the period. KBC Group NV increased its position in shares of Trinity Industries by 71.6% during the fourth quarter. KBC Group NV now owns 3,952 shares of the transportation company’s stock valued at $139,000 after purchasing an additional 1,649 shares during the period. Spring Capital Management LLC bought a new stake in shares of Trinity Industries during the fourth quarter valued at approximately $632,000. Finally, Matrix Trust Co increased its position in shares of Trinity Industries by 599.3% during the fourth quarter. Matrix Trust Co now owns 4,923 shares of the transportation company’s stock valued at $173,000 after purchasing an additional 4,219 shares during the period. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Trinity Industries Price Performance

Trinity Industries stock opened at $37.22 on Wednesday. The company has a debt-to-equity ratio of 4.39, a quick ratio of 1.08 and a current ratio of 2.00. The firm has a market cap of $3.06 billion, a P/E ratio of 18.16 and a beta of 1.40. The business’s fifty day moving average is $36.90 and its two-hundred day moving average is $35.09. Trinity Industries, Inc. has a 52 week low of $23.67 and a 52 week high of $39.83.

Trinity Industries Increases Dividend

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on TRN shares. StockNews.com cut Trinity Industries from a “buy” rating to a “hold” rating in a research report on Monday, November 4th. Susquehanna cut Trinity Industries from a “positive” rating to a “neutral” rating and upped their price target for the company from $34.00 to $35.00 in a research report on Monday, October 21st. Finally, The Goldman Sachs Group initiated coverage on Trinity Industries in a research report on Monday, November 18th. They issued a “neutral” rating and a $39.00 price target on the stock.

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.