Trinity Industries, Inc. (NYSE:TRN) Shares Purchased by Prudential Financial Inc.

Prudential Financial Inc. raised its holdings in shares of Trinity Industries, Inc. (NYSE:TRN) by 59.6% in the 4th quarter, Holdings Channel reports. The firm owned 154,868 shares of the transportation company’s stock after purchasing an additional 57,842 shares during the quarter. Prudential Financial Inc.’s holdings in Trinity Industries were worth $5,436,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Wellington Shields Capital Management LLC bought a new stake in shares of Trinity Industries during the 4th quarter valued at about $35,000. Millstone Evans Group LLC acquired a new position in Trinity Industries in the fourth quarter valued at approximately $54,000. Smartleaf Asset Management LLC grew its holdings in shares of Trinity Industries by 87.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,532 shares of the transportation company’s stock valued at $54,000 after purchasing an additional 713 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of Trinity Industries by 15.3% during the 4th quarter. Jones Financial Companies Lllp now owns 2,997 shares of the transportation company’s stock worth $105,000 after purchasing an additional 398 shares during the period. Finally, KBC Group NV lifted its holdings in shares of Trinity Industries by 71.6% in the 4th quarter. KBC Group NV now owns 3,952 shares of the transportation company’s stock worth $139,000 after purchasing an additional 1,649 shares during the last quarter. 86.57% of the stock is owned by institutional investors and hedge funds.

Trinity Industries Price Performance

NYSE TRN opened at $28.07 on Tuesday. The company has a 50-day moving average price of $32.93 and a two-hundred day moving average price of $34.81. Trinity Industries, Inc. has a 52 week low of $25.89 and a 52 week high of $39.83. The stock has a market cap of $2.30 billion, a price-to-earnings ratio of 17.11 and a beta of 1.50. The company has a current ratio of 1.80, a quick ratio of 1.08 and a debt-to-equity ratio of 4.35.

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

Trinity Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.28%. Trinity Industries’s dividend payout ratio is currently 73.17%.

Wall Street Analyst Weigh In

Separately, Susquehanna upped 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.

Insider Buying and Selling

In other Trinity Industries news, EVP Gregory B. Mitchell sold 9,286 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $31.02, for a total transaction of $288,051.72. Following the transaction, the executive vice president now owns 111,879 shares of the company’s stock, valued at approximately $3,470,486.58. This trade represents a 7.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate 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.