8,962 Shares in Trinity Industries, Inc. (NYSE:TRN) Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC purchased a new position in shares of Trinity Industries, Inc. (NYSE:TRN) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 8,962 shares of the transportation company’s stock, valued at approximately $238,000.

A number of other institutional investors have also added to or reduced their stakes in TRN. JPMorgan Chase & Co. raised its stake in Trinity Industries by 3.2% during the 1st quarter. JPMorgan Chase & Co. now owns 154,487 shares of the transportation company’s stock worth $5,308,000 after buying an additional 4,858 shares during the period. HighTower Advisors LLC raised its stake in Trinity Industries by 3.3% during the 1st quarter. HighTower Advisors LLC now owns 31,885 shares of the transportation company’s stock worth $1,091,000 after buying an additional 1,006 shares during the period. Private Advisor Group LLC acquired a new position in Trinity Industries during the 1st quarter worth approximately $638,000. Bank of Montreal Can raised its stake in Trinity Industries by 1.8% during the 1st quarter. Bank of Montreal Can now owns 76,983 shares of the transportation company’s stock worth $2,683,000 after buying an additional 1,340 shares during the period. Finally, MetLife Investment Management LLC raised its stake in Trinity Industries by 38.4% during the 1st quarter. MetLife Investment Management LLC now owns 92,756 shares of the transportation company’s stock worth $3,187,000 after buying an additional 25,728 shares during the period. 86.57% of the stock is owned by institutional investors and hedge funds.

Trinity Industries Stock Performance

Shares of Trinity Industries stock opened at $26.47 on Friday. The company has a market cap of $2.17 billion, a PE ratio of 21.01 and a beta of 1.39. Trinity Industries, Inc. has a 52 week low of $20.04 and a 52 week high of $28.86. The business has a 50 day moving average price of $26.36 and a 200-day moving average price of $25.16. The company has a quick ratio of 0.78, a current ratio of 1.91 and a debt-to-equity ratio of 4.51.

Trinity Industries (NYSE:TRN) last issued its quarterly earnings data on Thursday, February 22nd. The transportation company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.66 by $0.16. The firm had revenue of $797.90 million during the quarter, compared to the consensus estimate of $749.25 million. Trinity Industries had a return on equity of 9.29% and a net margin of 3.55%. The company’s quarterly revenue was up 35.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.44 earnings per share. Equities analysts anticipate that Trinity Industries, Inc. will post 1.46 earnings per share for the current fiscal year.

Trinity Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 4.23%. The ex-dividend date of this dividend is Friday, April 12th. Trinity Industries’s dividend payout ratio (DPR) is presently 88.89%.

Analyst Ratings Changes

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

Insider Activity at Trinity Industries

In related news, CFO Eric R. Marchetto sold 9,781 shares of the stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $28.00, for a total transaction of $273,868.00. Following the completion of the sale, the chief financial officer now directly owns 233,704 shares of the company’s stock, valued at $6,543,712. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.20% of the stock is currently owned by company insiders.

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.