39,916 Shares in Trinity Industries, Inc. (NYSE:TRN) Bought by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC purchased a new stake in Trinity Industries, Inc. (NYSE:TRN) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 39,916 shares of the transportation company’s stock, valued at approximately $1,061,000.

Several other hedge funds have also bought and sold shares of the stock. Louisiana State Employees Retirement System bought a new stake in shares of Trinity Industries in the fourth quarter worth about $1,090,000. Criterion Capital Advisors LLC purchased a new stake in shares of Trinity Industries in the fourth quarter valued at $76,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Trinity Industries by 6.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,181,202 shares of the transportation company’s stock worth $28,762,000 after acquiring an additional 68,165 shares during the last quarter. Jennison Associates LLC boosted its stake in shares of Trinity Industries by 3.2% during the 3rd quarter. Jennison Associates LLC now owns 4,720,106 shares of the transportation company’s stock worth $114,935,000 after purchasing an additional 146,341 shares during the period. Finally, Cullen Investment Group LTD. bought a new position in Trinity Industries during the 4th quarter valued at about $366,000. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Eric R. Marchetto sold 9,781 shares of the business’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $28.00, for a total value of $273,868.00. Following the completion of the sale, the chief financial officer now owns 233,704 shares in the company, valued at approximately $6,543,712. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CFO Eric R. Marchetto sold 9,781 shares of the business’s 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 directly owns 233,704 shares of the company’s stock, valued at approximately $6,543,712. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Eric R. Marchetto sold 8,816 shares of the company’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $30.00, for a total value of $264,480.00. Following the sale, the chief financial officer now owns 224,888 shares of the company’s stock, valued at $6,746,640. The disclosure for this sale can be found here. 1.60% of the stock is owned by company insiders.

Trinity Industries Price Performance

Shares of TRN stock opened at $31.07 on Friday. The company has a market capitalization of $2.54 billion, a P/E ratio of 20.85 and a beta of 1.39. The company’s 50-day simple moving average is $27.15 and its two-hundred day simple moving average is $25.81. Trinity Industries, Inc. has a one year low of $20.04 and a one year high of $31.07. The company has a debt-to-equity ratio of 4.55, a current ratio of 1.88 and a quick ratio of 0.91.

Trinity Industries (NYSE:TRN) last announced its quarterly earnings data on Wednesday, May 1st. The transportation company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.07. The company had revenue of $809.60 million for the quarter, compared to analysts’ expectations of $750.97 million. Trinity Industries had a return on equity of 10.93% and a net margin of 3.98%. Trinity Industries’s revenue was up 26.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.07 earnings per share. As a group, equities analysts anticipate 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 was paid on Tuesday, April 30th. Investors of record on Monday, April 15th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date of this dividend was Friday, April 12th. Trinity Industries’s dividend payout ratio (DPR) is presently 75.17%.

Analysts Set New Price Targets

Several brokerages have issued reports on TRN. TD Cowen raised their price objective on shares of Trinity Industries from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Susquehanna boosted their price objective on Trinity Industries from $30.00 to $34.00 and gave the company a “positive” rating in a report on Thursday, May 2nd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.00.

Trinity Industries 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.