Commonwealth Equity Services LLC Has $1.19 Million Holdings in Trinity Industries, Inc. (NYSE:TRN)

Commonwealth Equity Services LLC decreased its stake in Trinity Industries, Inc. (NYSE:TRN) by 15.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 33,903 shares of the transportation company’s stock after selling 6,377 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Trinity Industries were worth $1,190,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Intech Investment Management LLC bought a new stake in shares of Trinity Industries in the 3rd quarter valued at about $572,000. Citigroup Inc. increased its stake in Trinity Industries by 81.5% in the third quarter. Citigroup Inc. now owns 115,775 shares of the transportation company’s stock valued at $4,034,000 after purchasing an additional 51,988 shares in the last quarter. Cerity Partners LLC raised its holdings in Trinity Industries by 28.0% in the third quarter. Cerity Partners LLC now owns 12,237 shares of the transportation company’s stock worth $426,000 after purchasing an additional 2,680 shares during the period. FMR LLC boosted its position in shares of Trinity Industries by 23.9% during the third quarter. FMR LLC now owns 116,755 shares of the transportation company’s stock worth $4,068,000 after purchasing an additional 22,522 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of Trinity Industries in the 3rd quarter valued at $293,000. Institutional investors and hedge funds own 86.57% of the company’s stock.

Insider Activity

In other news, EVP Gregory B. Mitchell sold 9,286 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $31.02, for a total transaction of $288,051.72. Following the completion of the transaction, the executive vice president now directly owns 111,879 shares of the company’s stock, valued at $3,470,486.58. This trade represents a 7.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

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

Trinity Industries Stock Performance

Shares of TRN stock opened at $28.42 on Monday. 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 $25.89 and a 52 week high of $39.83. The company’s 50 day moving average price is $33.13 and its two-hundred day moving average price is $34.83. The company has a market capitalization of $2.32 billion, a P/E ratio of 17.33 and a beta of 1.50.

Trinity Industries (NYSE:TRN) last issued its quarterly earnings data 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 analyst estimates of $589.30 million. Trinity Industries had a net margin of 4.49% and a return on equity of 11.78%. On average, 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.