Geode Capital Management LLC Decreases Stake in Trinity Industries, Inc. (NYSE:TRN)

Geode Capital Management LLC cut its holdings in shares of Trinity Industries, Inc. (NYSE:TRN) by 0.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,843,861 shares of the transportation company’s stock after selling 4,730 shares during the period. Geode Capital Management LLC’s holdings in Trinity Industries were worth $64,735,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sanctuary Advisors LLC grew its stake in Trinity Industries by 3.5% during the 3rd quarter. Sanctuary Advisors LLC now owns 10,005 shares of the transportation company’s stock valued at $376,000 after purchasing an additional 338 shares in the last quarter. Arizona State Retirement System boosted its stake in shares of Trinity Industries by 1.5% during the 4th quarter. Arizona State Retirement System now owns 23,928 shares of the transportation company’s stock valued at $840,000 after buying an additional 364 shares during the last quarter. Jones Financial Companies Lllp grew its position in shares of Trinity Industries by 15.3% during the fourth quarter. Jones Financial Companies Lllp now owns 2,997 shares of the transportation company’s stock worth $105,000 after buying an additional 398 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in shares of Trinity Industries by 87.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,532 shares of the transportation company’s stock worth $54,000 after buying an additional 713 shares during the last quarter. Finally, Everstar Asset Management LLC raised its holdings in Trinity Industries by 6.2% in the fourth quarter. Everstar Asset Management LLC now owns 13,994 shares of the transportation company’s stock valued at $491,000 after acquiring an additional 813 shares in the last quarter. 86.57% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Gregory B. Mitchell sold 9,286 shares of the company’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 completion of the transaction, the executive vice president now owns 111,879 shares in the company, valued at approximately $3,470,486.58. This represents a 7.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.60% of the stock is owned by company insiders.

Analyst Ratings Changes

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

Trinity Industries Price Performance

Shares of NYSE TRN opened at $25.22 on Friday. The business has a 50 day simple moving average of $30.26 and a 200-day simple moving average of $34.22. Trinity Industries, Inc. has a twelve month low of $23.50 and a twelve month high of $39.83. The company has a market capitalization of $2.06 billion, a price-to-earnings ratio of 15.38 and a beta of 1.49. 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 earnings results on Thursday, February 20th. The transportation company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. The company 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%. As a group, equities research analysts expect that Trinity Industries, Inc. will post 1.65 earnings per share 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 given a dividend of $0.30 per share. The ex-dividend date is Tuesday, April 15th. This represents a $1.20 dividend on an annualized basis and a yield of 4.76%. Trinity Industries’s dividend payout ratio is currently 73.17%.

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.