Smartleaf Asset Management LLC Has $54,000 Stock Holdings in Trinity Industries, Inc. (NYSE:TRN)

Smartleaf Asset Management LLC raised its stake in Trinity Industries, Inc. (NYSE:TRN) by 87.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,532 shares of the transportation company’s stock after acquiring an additional 713 shares during the period. Smartleaf Asset Management LLC’s holdings in Trinity Industries were worth $54,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. KBC Group NV raised its holdings in Trinity Industries by 71.6% in the 4th quarter. KBC Group NV now owns 3,952 shares of the transportation company’s stock valued at $139,000 after acquiring an additional 1,649 shares in the last quarter. Matrix Trust Co raised its holdings in Trinity Industries by 599.3% in the 4th quarter. Matrix Trust Co now owns 4,923 shares of the transportation company’s stock valued at $173,000 after acquiring an additional 4,219 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new position in Trinity Industries in the 3rd quarter valued at $204,000. Ieq Capital LLC acquired a new position in Trinity Industries in the 4th quarter valued at $215,000. Finally, M&T Bank Corp acquired a new position in Trinity Industries in the 3rd quarter valued at $248,000. 86.57% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Trinity Industries news, EVP Gregory B. Mitchell sold 9,286 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $31.02, for a total value of $288,051.72. Following the sale, the executive vice president now owns 111,879 shares in the company, valued at approximately $3,470,486.58. The trade was a 7.66 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Susquehanna boosted their price target on Trinity Industries from $34.00 to $35.00 and gave the stock a “neutral” rating in a report on Monday, March 3rd. The Goldman Sachs Group assumed coverage on Trinity Industries in a report on Monday, November 18th. They set a “neutral” rating and a $39.00 price target for the company.

Trinity Industries Price Performance

Trinity Industries stock opened at $29.25 on Tuesday. 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 52 week low of $25.17 and a 52 week high of $39.83. The stock has a market capitalization of $2.39 billion, a P/E ratio of 17.83 and a beta of 1.50. The stock has a fifty day moving average of $35.02 and a 200-day moving average of $35.10.

Trinity Industries (NYSE:TRN) last posted its quarterly earnings results on Thursday, February 20th. The transportation company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. The company had revenue of $629.40 million during the quarter, compared to analysts’ expectations of $589.30 million. Trinity Industries had a return on equity of 11.78% and a net margin of 4.49%. On average, sell-side analysts expect that Trinity Industries, Inc. will post 1.65 earnings per share for the current fiscal year.

About Trinity Industries

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.