Los Angeles Capital Management LLC Makes New Investment in Trinity Industries, Inc. (NYSE:TRN)

Los Angeles Capital Management LLC purchased a new stake in shares of Trinity Industries, Inc. (NYSE:TRN) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 39,916 shares of the transportation company’s stock, valued at approximately $1,061,000.

A number of other large investors have also recently modified their holdings of the business. Louisiana State Employees Retirement System purchased a new position in shares of Trinity Industries in the 4th quarter worth about $1,090,000. Criterion Capital Advisors LLC purchased a new stake in Trinity Industries in the fourth quarter worth approximately $76,000. Charles Schwab Investment Management Inc. raised its stake in shares of Trinity Industries by 6.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,181,202 shares of the transportation company’s stock worth $28,762,000 after acquiring an additional 68,165 shares in the last quarter. Jennison Associates LLC lifted its holdings in shares of Trinity Industries by 3.2% in the 3rd quarter. Jennison Associates LLC now owns 4,720,106 shares of the transportation company’s stock worth $114,935,000 after acquiring an additional 146,341 shares during the last quarter. Finally, Cullen Investment Group LTD. purchased a new stake in shares of Trinity Industries in the 4th quarter valued at $366,000. Institutional investors own 86.57% of the company’s stock.

Trinity Industries Trading Up 1.3 %

NYSE:TRN opened at $31.07 on Friday. The firm has a market capitalization of $2.54 billion, a P/E ratio of 20.85 and a beta of 1.39. The company has a quick ratio of 0.91, a current ratio of 1.88 and a debt-to-equity ratio of 4.55. The company has a fifty day moving average of $27.15 and a 200 day moving average of $25.81. Trinity Industries, Inc. has a 52 week low of $20.04 and a 52 week high of $31.07.

Trinity Industries (NYSE:TRN) last issued its quarterly earnings data on Wednesday, May 1st. The transportation company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.26 by $0.07. The firm had revenue of $809.60 million during the quarter, compared to the consensus estimate of $750.97 million. Trinity Industries had a net margin of 3.98% and a return on equity of 10.93%. The company’s quarterly revenue was up 26.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.07 earnings per share. On average, research analysts predict that Trinity Industries, Inc. will post 1.46 earnings per share for the current year.

Trinity Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th were given a $0.28 dividend. The ex-dividend date was Friday, April 12th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.60%. Trinity Industries’s dividend payout ratio is currently 75.17%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on TRN shares. TD Cowen lifted their target price on shares of Trinity Industries from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Susquehanna lifted their price objective on Trinity Industries from $30.00 to $34.00 and gave the stock a “positive” rating in a report on Thursday, May 2nd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Trinity Industries has a consensus rating of “Moderate Buy” and an average price target of $31.00.

Insider Activity

In related news, CFO Eric R. Marchetto sold 8,816 shares of the firm’s stock in a transaction 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 completion of the sale, the chief financial officer now owns 224,888 shares of the company’s stock, valued at $6,746,640. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Trinity Industries news, CFO Eric R. Marchetto sold 9,781 shares of the company’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $28.00, for a total transaction of $273,868.00. Following the transaction, the chief financial officer now owns 233,704 shares in the company, valued at approximately $6,543,712. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Eric R. Marchetto sold 8,816 shares of the 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 completion of the transaction, the chief financial officer now directly owns 224,888 shares of the company’s stock, valued at approximately $6,746,640. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.

Trinity Industries Company 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.