Trinity Industries, Inc. (NYSE:TRN) Shares Purchased by Fisher Asset Management LLC

Fisher Asset Management LLC boosted its position in shares of Trinity Industries, Inc. (NYSE:TRN) by 3.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 223,568 shares of the transportation company’s stock after buying an additional 7,568 shares during the quarter. Fisher Asset Management LLC’s holdings in Trinity Industries were worth $5,945,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TRN. Ramirez Asset Management Inc. acquired a new stake in shares of Trinity Industries during the 3rd quarter valued at about $32,000. Huntington National Bank boosted its position 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 in the last quarter. Criterion Capital Advisors LLC acquired a new stake in Trinity Industries in the fourth quarter valued at approximately $76,000. International Assets Investment Management LLC increased its position in shares of Trinity Industries by 2,559.0% in the fourth 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 in the last quarter. Finally, Quadrature Capital Ltd acquired a new position in shares of Trinity Industries during the 3rd quarter worth approximately $216,000. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Wall Street Analysts Forecast Growth

TRN has been the topic of a number of research analyst reports. Susquehanna lifted their price target on shares of Trinity Industries from $30.00 to $34.00 and gave the company a “positive” rating in a research note on Thursday, May 2nd. TD Cowen increased their price objective on shares of Trinity Industries from $30.00 to $33.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Trinity Industries presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.00.

Insider Transactions at Trinity Industries

In related news, CFO Eric R. Marchetto sold 8,816 shares of the firm’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 sale, the chief financial officer now directly owns 224,888 shares in the company, valued at $6,746,640. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related 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 transaction, the chief financial officer now directly owns 224,888 shares in the company, valued at $6,746,640. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Eric R. Marchetto sold 9,781 shares of the stock in a transaction that occurred 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 owns 233,704 shares of the company’s stock, valued at $6,543,712. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.

Trinity Industries Stock Up 0.2 %

Shares of NYSE TRN opened at $30.50 on Tuesday. The company has a current ratio of 1.88, a quick ratio of 0.91 and a debt-to-equity ratio of 4.55. The company has a 50-day moving average of $26.79 and a 200 day moving average of $25.67. Trinity Industries, Inc. has a 12-month low of $20.04 and a 12-month high of $31.00. The stock has a market cap of $2.50 billion, a PE ratio of 20.47 and a beta of 1.39.

Trinity Industries (NYSE:TRN) last posted its quarterly earnings results on Wednesday, May 1st. The transportation company reported $0.33 earnings per share (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 business earned $0.07 earnings per share. The business’s revenue was up 26.2% compared to the same quarter last year. As a group, sell-side analysts predict that Trinity Industries, Inc. will post 1.46 EPS for the current fiscal year.

Trinity Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th were issued a dividend of $0.28 per share. The ex-dividend date was Friday, April 12th. This represents a $1.12 annualized dividend and a dividend yield of 3.67%. Trinity Industries’s dividend payout ratio is presently 75.17%.

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.