Thrivent Financial for Lutherans Sells 1,237 Shares of Trinity Industries, Inc. (NYSE:TRN)

Thrivent Financial for Lutherans cut its holdings in shares of Trinity Industries, Inc. (NYSE:TRN) by 1.9% in the 4th quarter, Holdings Channel reports. The firm owned 63,508 shares of the transportation company’s stock after selling 1,237 shares during the period. Thrivent Financial for Lutherans’ holdings in Trinity Industries were worth $2,229,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. State Street Corp lifted its position in shares of Trinity Industries by 2.3% during the 3rd quarter. State Street Corp now owns 3,226,026 shares of the transportation company’s stock worth $112,395,000 after buying an additional 73,183 shares during the last quarter. HighTower Advisors LLC raised its stake in Trinity Industries by 125.9% during the third quarter. HighTower Advisors LLC now owns 56,979 shares of the transportation company’s stock worth $1,975,000 after acquiring an additional 31,758 shares in the last quarter. Intech Investment Management LLC bought a new position in shares of Trinity Industries in the third quarter worth about $572,000. Truist Financial Corp boosted its stake in shares of Trinity Industries by 57.5% in the 4th quarter. Truist Financial Corp now owns 16,260 shares of the transportation company’s stock valued at $571,000 after purchasing an additional 5,935 shares in the last quarter. Finally, Barclays PLC grew its holdings in shares of Trinity Industries by 387.2% during the 3rd quarter. Barclays PLC now owns 179,500 shares of the transportation company’s stock valued at $6,254,000 after purchasing an additional 142,660 shares during the last quarter. Institutional investors and hedge funds own 86.57% of the company’s stock.

Insider Activity

In related news, EVP Gregory B. Mitchell sold 9,286 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were 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 of the company’s stock, valued at $3,470,486.58. The trade was a 7.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

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

Trinity Industries Price Performance

Shares of TRN opened at $28.42 on Friday. The business has a 50-day simple moving average of $33.13 and a two-hundred day simple moving average of $34.77. Trinity Industries, Inc. has a 12-month low of $25.89 and a 12-month high of $39.83. The stock has a market cap of $2.32 billion, a PE ratio of 17.33 and a beta of 1.50. The company has a quick ratio of 1.08, a current ratio of 1.80 and a debt-to-equity ratio of 4.35.

Trinity Industries (NYSE:TRN) last released its quarterly earnings data on Thursday, February 20th. The transportation company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.01. Trinity Industries had a return on equity of 11.78% and a net margin of 4.49%. The company had revenue of $629.40 million during the quarter, compared to the consensus estimate of $589.30 million. Analysts anticipate that Trinity Industries, Inc. will post 1.65 earnings per share for the current fiscal year.

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.