Cibc World Markets Corp Invests $268,000 in Trinity Industries, Inc. (NYSE:TRN)

Cibc World Markets Corp bought a new position in Trinity Industries, Inc. (NYSE:TRN) during the 4th quarter, Holdings Channel reports. The institutional investor bought 7,648 shares of the transportation company’s stock, valued at approximately $268,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wealthfront Advisers LLC purchased a new position in shares of Trinity Industries in the 4th quarter worth about $104,136,000. Raymond James Financial Inc. acquired a new stake in Trinity Industries during the 4th quarter worth approximately $11,322,000. Barclays PLC increased its position in Trinity Industries by 387.2% during the 3rd quarter. Barclays PLC now owns 179,500 shares of the transportation company’s stock worth $6,254,000 after purchasing an additional 142,660 shares in the last quarter. Edgestream Partners L.P. purchased a new position in Trinity Industries in the fourth quarter valued at approximately $4,024,000. Finally, State Street Corp lifted its position in Trinity Industries by 2.3% during the third quarter. State Street Corp now owns 3,226,026 shares of the transportation company’s stock valued at $112,395,000 after buying an additional 73,183 shares in the last quarter. Institutional investors and hedge funds own 86.57% of the company’s stock.

Trinity Industries Stock Performance

Shares of NYSE:TRN opened at $29.61 on Wednesday. The company has a market cap of $2.42 billion, a P/E ratio of 18.05 and a beta of 1.50. Trinity Industries, Inc. has a one year low of $25.89 and a one year high of $39.83. The business’s 50-day simple moving average is $33.67 and its 200 day simple moving average is $34.87. 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 (NYSE:TRN) last posted its 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 business had revenue of $629.40 million for the quarter, compared to analysts’ expectations of $589.30 million. Trinity Industries had a net margin of 4.49% and a return on equity of 11.78%. On average, sell-side analysts forecast that Trinity Industries, Inc. will post 1.65 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Susquehanna increased their price objective on shares of Trinity Industries from $34.00 to $35.00 and gave the stock a “neutral” rating in a research report on Monday, March 3rd.

Insider Buying and Selling at Trinity Industries

In other Trinity Industries news, EVP Gregory B. Mitchell sold 9,286 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $31.02, for a total value of $288,051.72. Following the transaction, the executive vice president now directly owns 111,879 shares of the company’s stock, valued at $3,470,486.58. This represents a 7.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.60% of the stock is currently owned by corporate insiders.

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.