LPL Financial LLC Has $1.14 Million Stake in Trinity Industries, Inc. (NYSE:TRN)

LPL Financial LLC trimmed its position in shares of Trinity Industries, Inc. (NYSE:TRN) by 2.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,466 shares of the transportation company’s stock after selling 821 shares during the period. LPL Financial LLC’s holdings in Trinity Industries were worth $1,140,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in TRN. Jennison Associates LLC boosted its stake in Trinity Industries by 0.5% during the 4th quarter. Jennison Associates LLC now owns 3,588,234 shares of the transportation company’s stock valued at $125,947,000 after purchasing an additional 18,851 shares during the period. Wealthfront Advisers LLC acquired a new position in shares of Trinity Industries during the fourth quarter worth approximately $104,136,000. American Century Companies Inc. boosted its position in shares of Trinity Industries by 25.6% in the fourth quarter. American Century Companies Inc. now owns 2,187,366 shares of the transportation company’s stock valued at $76,777,000 after acquiring an additional 446,142 shares during the period. Geode Capital Management LLC grew its stake in shares of Trinity Industries by 1.4% in the third quarter. Geode Capital Management LLC now owns 1,848,591 shares of the transportation company’s stock worth $64,418,000 after acquiring an additional 24,832 shares during the last quarter. Finally, Royce & Associates LP grew its stake in shares of Trinity Industries by 12.0% in the fourth quarter. Royce & Associates LP now owns 411,431 shares of the transportation company’s stock worth $14,441,000 after acquiring an additional 44,010 shares during the last quarter. 86.57% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TRN has been the subject of a number of research reports. The Goldman Sachs Group reduced their price target on shares of Trinity Industries from $36.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday. Susquehanna upped their price objective on shares of Trinity Industries from $34.00 to $35.00 and gave the company a “neutral” rating in a research report on Monday, March 3rd.

Trinity Industries Stock Up 1.9 %

TRN opened at $25.35 on Friday. The firm has a market cap of $2.07 billion, a price-to-earnings ratio of 15.46 and a beta of 1.49. The firm’s 50-day simple moving average is $29.05 and its 200-day simple moving average is $33.91. The company has a debt-to-equity ratio of 4.35, a quick ratio of 1.08 and a current ratio of 1.80. Trinity Industries, Inc. has a twelve month low of $23.50 and a twelve month high of $39.83.

Trinity Industries (NYSE:TRN) last issued its quarterly earnings results on Thursday, February 20th. The transportation company reported $0.39 earnings per share (EPS) for the quarter, beating 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 business had revenue of $629.40 million for the quarter, compared to analyst estimates of $589.30 million. Equities research analysts anticipate that Trinity Industries, Inc. will post 1.65 EPS for the current fiscal year.

Trinity Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.73%. The ex-dividend date is Tuesday, April 15th. Trinity Industries’s payout ratio is 73.17%.

Insiders Place Their Bets

In other news, EVP Gregory B. Mitchell sold 9,286 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $31.02, for a total value of $288,051.72. Following the completion of the transaction, the executive vice president now owns 111,879 shares of the company’s stock, valued at $3,470,486.58. The trade was a 7.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.00% of the company’s stock.

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.