Trinity Industries, Inc. (NYSE:TRN) Shares Sold by Raymond James & Associates

Raymond James & Associates trimmed its holdings in shares of Trinity Industries, Inc. (NYSE:TRNFree Report) by 8.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 479,380 shares of the transportation company’s stock after selling 46,374 shares during the period. Raymond James & Associates’ holdings in Trinity Industries were worth $12,747,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of TRN. Huntington National Bank increased its stake in Trinity Industries by 61.8% during the 3rd quarter. Huntington National Bank now owns 1,382 shares of the transportation company’s stock valued at $34,000 after buying an additional 528 shares during the period. Twelve Points Wealth Management LLC increased its stake in shares of Trinity Industries by 1.7% during the fourth quarter. Twelve Points Wealth Management LLC now owns 32,051 shares of the transportation company’s stock valued at $852,000 after acquiring an additional 528 shares during the period. Ensign Peak Advisors Inc increased its stake in shares of Trinity Industries by 2.4% during the first quarter. Ensign Peak Advisors Inc now owns 30,350 shares of the transportation company’s stock valued at $739,000 after acquiring an additional 700 shares during the period. Captrust Financial Advisors raised its holdings in Trinity Industries by 11.1% during the second quarter. Captrust Financial Advisors now owns 8,706 shares of the transportation company’s stock worth $211,000 after purchasing an additional 867 shares in the last quarter. Finally, Credit Suisse AG lifted its position in Trinity Industries by 1.4% in the second quarter. Credit Suisse AG now owns 64,146 shares of the transportation company’s stock worth $1,553,000 after purchasing an additional 867 shares during the period. 86.57% of the stock is currently owned by institutional investors.

Insider Transactions at Trinity Industries

In related news, CFO Eric R. Marchetto sold 9,781 shares of the stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $28.00, for a total value of $273,868.00. Following the completion of the transaction, the chief financial officer now owns 233,704 shares in the company, valued at approximately $6,543,712. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Separately, Susquehanna lowered their price target on Trinity Industries from $32.00 to $30.00 and set a “positive” rating on the stock in a research report on Friday, February 23rd. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $29.00.

Check Out Our Latest Analysis on TRN

Trinity Industries Stock Performance

NYSE:TRN opened at $27.57 on Thursday. The company has a 50-day moving average of $26.06 and a 200-day moving average of $24.99. The firm has a market cap of $2.26 billion, a price-to-earnings ratio of 21.88 and a beta of 1.39. The company has a current ratio of 1.91, a quick ratio of 0.78 and a debt-to-equity ratio of 4.51. Trinity Industries, Inc. has a twelve month low of $20.04 and a twelve month high of $28.86.

Trinity Industries (NYSE:TRNGet Free Report) last issued its earnings results on Thursday, February 22nd. The transportation company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.16. The firm had revenue of $797.90 million during the quarter, compared to analysts’ expectations of $749.25 million. Trinity Industries had a net margin of 3.55% and a return on equity of 9.29%. The firm’s revenue for the quarter was up 35.0% compared to the same quarter last year. During the same period last year, the firm posted $0.44 earnings per share. Analysts forecast that Trinity Industries, Inc. will post 1.46 earnings per share for the current fiscal year.

Trinity Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date of this dividend is Friday, April 12th. Trinity Industries’s dividend payout ratio (DPR) is presently 88.89%.

About Trinity Industries

(Free Report)

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.

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Institutional Ownership by Quarter for Trinity Industries (NYSE:TRN)

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