5 Best Railroad Stocks To Invest In

3. Trinity Industries, Inc. (NYSE:TRN)

Number of Hedge Fund Holders: 18

Trinity Industries, Inc. (NYSE:TRN) offers rail transportation products and services in North America under the TrinityRail brand. It is divided into two divisions: Railcar Leasing and Management Services Group and Rail Products Group. Trinity Industries, Inc.’s (NYSE:TRN) stocks currently delivers a quarterly dividend of $0.23 per share and has a dividend yield of 3.74% as of October 25.

On July 28, Wells Fargo analyst Allison Poliniak-Cusic reduced her price target on Trinity Industries, Inc. (NYSE:TRN) to $33 from $38 and maintained the stock’s Overweight rating. According to the analyst, Q2 results were below expectations. According to her, the results are still reflective of an early railcar build cycle combined with macro pressures, as Trinity continues to face component procurement challenges.

Insider Monkey’s Q2 hedge fund data reveals 18 funds were long Trinity Industries, Inc. (NYSE:TRN), up from 16 funds from the previous quarter. Mario Gabelli’s GAMCO Investors is the largest position holder of the company with 1.06 million shares worth about $25 million.