Peapack Gladstone Financial Corp Has $371,000 Stock Position in Trinity Industries, Inc. (NYSE:TRN)

Peapack Gladstone Financial Corp reduced its position in shares of Trinity Industries, Inc. (NYSE:TRNFree Report) by 8.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,938 shares of the transportation company’s stock after selling 1,341 shares during the period. Peapack Gladstone Financial Corp’s holdings in Trinity Industries were worth $371,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. TFO Wealth Partners LLC lifted its position in Trinity Industries by 22,360.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,123 shares of the transportation company’s stock worth $30,000 after acquiring an additional 1,118 shares during the last quarter. Ramirez Asset Management Inc. bought a new position in shares of Trinity Industries in the third quarter worth about $32,000. Huntington National Bank lifted its position in shares of Trinity Industries by 61.8% during the 3rd 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. Criterion Capital Advisors LLC bought a new stake in Trinity Industries during the 4th quarter valued at approximately $76,000. Finally, International Assets Investment Management LLC grew its holdings in Trinity Industries by 2,559.0% in the 4th quarter. International Assets Investment Management LLC now owns 7,977 shares of the transportation company’s stock valued at $212,000 after buying an additional 7,677 shares during the last quarter. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Susquehanna upped their price target on Trinity Industries from $30.00 to $34.00 and gave the stock a “positive” rating in a report on Thursday, May 2nd. TD Cowen upped their target price on shares of Trinity Industries from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $31.00.

Check Out Our Latest Analysis on Trinity Industries

Trinity Industries Trading Down 2.4 %

Trinity Industries stock opened at $29.64 on Friday. Trinity Industries, Inc. has a 12 month low of $20.04 and a 12 month high of $32.00. The stock has a market cap of $2.43 billion, a price-to-earnings ratio of 19.89 and a beta of 1.42. The business has a 50 day moving average price of $28.96 and a two-hundred day moving average price of $26.94. The company has a quick ratio of 0.91, a current ratio of 1.88 and a debt-to-equity ratio of 4.55.

Trinity Industries (NYSE:TRNGet Free Report) last issued its earnings results on Wednesday, May 1st. The transportation company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.07. Trinity Industries had a return on equity of 10.93% and a net margin of 3.98%. The business had revenue of $809.60 million during the quarter, compared to analyst estimates of $750.97 million. During the same period in the prior year, the company posted $0.07 earnings per share. Trinity Industries’s revenue was up 26.2% on a year-over-year basis. As a group, equities analysts forecast that Trinity Industries, Inc. will post 1.5 EPS for the current year.

Trinity Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, July 15th will be paid a $0.28 dividend. The ex-dividend date is Monday, July 15th. This represents a $1.12 dividend on an annualized basis and a yield of 3.78%. Trinity Industries’s payout ratio is currently 75.17%.

Insider Buying and Selling

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

Trinity Industries Profile

(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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