JPMorgan Chase & Co. Increases Stake in Trinity Industries, Inc. (NYSE:TRN)

JPMorgan Chase & Co. raised its position in shares of Trinity Industries, Inc. (NYSE:TRN) by 55.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 353,189 shares of the transportation company’s stock after purchasing an additional 126,536 shares during the quarter. JPMorgan Chase & Co. owned 0.43% of Trinity Industries worth $12,397,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of TRN. Sanctuary Advisors LLC increased its position in shares of Trinity Industries by 3.5% during the third quarter. Sanctuary Advisors LLC now owns 10,005 shares of the transportation company’s stock valued at $376,000 after acquiring an additional 338 shares in the last quarter. Arizona State Retirement System increased its holdings in shares of Trinity Industries by 1.5% in the 4th quarter. Arizona State Retirement System now owns 23,928 shares of the transportation company’s stock worth $840,000 after purchasing an additional 364 shares in the last quarter. Jones Financial Companies Lllp raised its stake in shares of Trinity Industries by 15.3% in the fourth quarter. Jones Financial Companies Lllp now owns 2,997 shares of the transportation company’s stock worth $105,000 after purchasing an additional 398 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Trinity Industries by 87.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,532 shares of the transportation company’s stock valued at $54,000 after purchasing an additional 713 shares in the last quarter. Finally, Wellington Shields Capital Management LLC bought a new position in shares of Trinity Industries during the fourth quarter valued at $35,000. 86.57% of the stock is owned by hedge funds and other institutional investors.

Trinity Industries Trading Down 1.4 %

NYSE:TRN opened at $25.22 on Monday. The company has a market cap of $2.06 billion, a PE ratio of 15.38 and a beta of 1.49. The company has a current ratio of 1.80, a quick ratio of 1.08 and a debt-to-equity ratio of 4.35. The company has a 50 day simple moving average of $30.26 and a two-hundred day simple moving average of $34.22. Trinity Industries, Inc. has a 12 month low of $23.50 and a 12 month high of $39.83.

Trinity Industries (NYSE:TRN) last issued its quarterly earnings data on Thursday, February 20th. The transportation company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.38 by $0.01. Trinity Industries had a return on equity of 11.78% and a net margin of 4.49%. The company had revenue of $629.40 million during the quarter, compared to analyst estimates of $589.30 million. Research analysts forecast that Trinity Industries, Inc. will post 1.65 earnings per share for the current year.

Trinity Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 4.76%. The ex-dividend date of this dividend is Tuesday, April 15th. Trinity Industries’s dividend payout ratio (DPR) is presently 73.17%.

Insider Buying and Selling

In related news, EVP Gregory B. Mitchell sold 9,286 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $31.02, for a total value of $288,051.72. Following the transaction, the executive vice president now directly owns 111,879 shares of the company’s stock, valued at approximately $3,470,486.58. This trade represents a 7.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Separately, Susquehanna lifted their price objective on Trinity Industries from $34.00 to $35.00 and gave the stock a “neutral” rating in a report on Monday, March 3rd.

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.