Trinity Industries, Inc. (NYSE:TRN) Shares Bought by International Assets Investment Management LLC

International Assets Investment Management LLC lifted its position in shares of Trinity Industries, Inc. (NYSE:TRN) by 2,559.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,977 shares of the transportation company’s stock after purchasing an additional 7,677 shares during the period. International Assets Investment Management LLC’s holdings in Trinity Industries were worth $212,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in TRN. Ramirez Asset Management Inc. bought a new stake in shares of Trinity Industries in the 3rd quarter worth about $32,000. Huntington National Bank lifted its stake in Trinity Industries by 61.8% during the third quarter. Huntington National Bank now owns 1,382 shares of the transportation company’s stock worth $34,000 after purchasing an additional 528 shares during the last quarter. Quadrature Capital Ltd acquired a new position in Trinity Industries in the third quarter worth $216,000. Versor Investments LP increased its stake in Trinity Industries by 41.4% during the third quarter. Versor Investments LP now owns 14,600 shares of the transportation company’s stock valued at $356,000 after purchasing an additional 4,274 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Trinity Industries by 32.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,734 shares of the transportation company’s stock worth $383,000 after purchasing an additional 3,886 shares during the period. 86.57% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Trinity Industries news, CFO Eric R. Marchetto sold 9,781 shares of Trinity Industries stock in a transaction 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 sale, the chief financial officer now owns 233,704 shares of the company’s stock, valued at approximately $6,543,712. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.20% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Susquehanna lowered their price objective on shares of Trinity Industries from $32.00 to $30.00 and set a “positive” rating for the company in a research report 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $29.00.

Trinity Industries Price Performance

Shares of NYSE TRN opened at $27.14 on Monday. The company has a debt-to-equity ratio of 4.51, a current ratio of 1.91 and a quick ratio of 0.78. The firm has a market capitalization of $2.22 billion, a PE ratio of 21.54 and a beta of 1.39. Trinity Industries, Inc. has a 1-year low of $20.04 and a 1-year high of $28.86. The business’s fifty day moving average price is $26.40 and its two-hundred day moving average price is $25.39.

Trinity Industries (NYSE:TRN) last released its quarterly earnings data 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 business had revenue of $797.90 million for 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 company’s revenue for the quarter was up 35.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.44 EPS. On average, research analysts expect that Trinity Industries, Inc. will post 1.46 EPS for the current year.

Trinity Industries Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date of this dividend is Friday, April 12th. This represents a $1.12 annualized dividend and a dividend yield of 4.13%. Trinity Industries’s dividend payout ratio is presently 88.89%.

Trinity Industries Company 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.