Trinity Industries, Inc. (NYSE:TRN) Shares Acquired by Trexquant Investment LP

Trexquant Investment LP boosted its position in Trinity Industries, Inc. (NYSE:TRN) by 9.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 153,094 shares of the transportation company’s stock after purchasing an additional 13,269 shares during the period. Trexquant Investment LP’s holdings in Trinity Industries were worth $5,374,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TRN. Wellington Shields Capital Management LLC bought a new stake in shares of Trinity Industries in the 4th quarter worth $35,000. Millstone Evans Group LLC bought a new position in shares of Trinity Industries during the 4th quarter valued at about $54,000. Smartleaf Asset Management LLC grew its stake in shares of Trinity Industries by 87.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,532 shares of the transportation company’s stock worth $54,000 after purchasing an additional 713 shares during the last quarter. Jones Financial Companies Lllp grew its stake in shares of Trinity Industries by 15.3% in the 4th quarter. Jones Financial Companies Lllp now owns 2,997 shares of the transportation company’s stock worth $105,000 after purchasing an additional 398 shares during the last quarter. Finally, KBC Group NV raised its holdings in shares of Trinity Industries by 71.6% in the 4th quarter. KBC Group NV now owns 3,952 shares of the transportation company’s stock worth $139,000 after purchasing an additional 1,649 shares in the last quarter. 86.57% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Susquehanna lifted their price target on shares of Trinity Industries from $34.00 to $35.00 and gave the stock a “neutral” rating in a research report on Monday, March 3rd.

Insider Transactions at Trinity Industries

In related news, EVP Gregory B. Mitchell sold 9,286 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $31.02, for a total value of $288,051.72. Following the completion of the sale, the executive vice president now directly owns 111,879 shares of the company’s stock, valued at approximately $3,470,486.58. This represents a 7.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.60% of the stock is currently owned by insiders.

Trinity Industries Trading Down 6.2 %

NYSE:TRN opened at $25.01 on Friday. The stock has a fifty day simple moving average of $31.98 and a 200 day simple moving average of $34.64. The company has a quick ratio of 1.08, a current ratio of 1.80 and a debt-to-equity ratio of 4.35. The firm has a market capitalization of $2.05 billion, a price-to-earnings ratio of 15.25 and a beta of 1.48. Trinity Industries, Inc. has a 1-year low of $24.34 and a 1-year high of $39.83.

Trinity Industries (NYSE:TRN) last released its earnings results on Thursday, February 20th. The transportation company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.01. Trinity Industries had a net margin of 4.49% and a return on equity of 11.78%. The business had revenue of $629.40 million for the quarter, compared to the consensus estimate of $589.30 million. Sell-side analysts forecast that Trinity Industries, Inc. will post 1.65 earnings per share for the current year.

Trinity Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.80%. Trinity Industries’s payout ratio is currently 73.17%.

About Trinity Industries

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.