OLD National Bancorp IN Sells 13,321 Shares of Trinity Industries, Inc. (NYSE:TRN)

OLD National Bancorp IN trimmed its position in shares of Trinity Industries, Inc. (NYSE:TRN) by 59.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,203 shares of the transportation company’s stock after selling 13,321 shares during the quarter. OLD National Bancorp IN’s holdings in Trinity Industries were worth $245,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Criterion Capital Advisors LLC bought a new stake in Trinity Industries during the fourth quarter worth about $76,000. Guardian Investment Management acquired a new position in shares of Trinity Industries during the fourth quarter worth approximately $306,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Trinity Industries by 7.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,969 shares of the transportation company’s stock worth $451,000 after purchasing an additional 1,235 shares in the last quarter. Cullen Investment Group LTD. acquired a new position in shares of Trinity Industries during the fourth quarter worth approximately $366,000. Finally, Louisiana State Employees Retirement System acquired a new position in shares of Trinity Industries during the fourth quarter worth approximately $1,090,000. 86.57% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Susquehanna reduced their target price on shares of Trinity Industries from $32.00 to $30.00 and set a “positive” rating on the stock in a research report on Friday, February 23rd. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $29.00.

Insider Buying and Selling at Trinity Industries

In other news, CFO Eric R. Marchetto sold 9,781 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 233,704 shares of the company’s stock, valued at approximately $6,543,712. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.20% of the company’s stock.

Trinity Industries Trading Down 0.3 %

Shares of NYSE TRN opened at $27.11 on Friday. The company’s 50 day simple moving average is $26.38 and its 200 day simple moving average is $25.32. Trinity Industries, Inc. has a fifty-two week low of $20.04 and a fifty-two week high of $28.86. The firm has a market capitalization of $2.22 billion, a P/E ratio of 21.52 and a beta of 1.39. The company has a debt-to-equity ratio of 4.51, a current ratio of 1.91 and a quick ratio of 0.78.

Trinity Industries (NYSE:TRN) last announced its quarterly earnings data on Thursday, February 22nd. The transportation company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.16. Trinity Industries had a net margin of 3.55% and a return on equity of 9.29%. The business had revenue of $797.90 million for the quarter, compared to analyst estimates of $749.25 million. During the same period in the prior year, the business posted $0.44 earnings per share. Trinity Industries’s revenue was up 35.0% compared to the same quarter last year. On average, analysts predict that Trinity Industries, Inc. will post 1.46 EPS for the current year.

Trinity Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, April 15th will be issued a dividend of $0.28 per share. The ex-dividend date is Friday, April 12th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 4.13%. Trinity Industries’s payout ratio is presently 88.89%.

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.