Guardian Investment Management Invests $306,000 in Trinity Industries, Inc. (NYSE:TRN)

Guardian Investment Management bought a new stake in Trinity Industries, Inc. (NYSE:TRN) in the fourth quarter, HoldingsChannel reports. The fund bought 11,500 shares of the transportation company’s stock, valued at approximately $306,000.

A number of other hedge funds have also added to or reduced their stakes in TRN. Vanguard Group Inc. grew its position in Trinity Industries by 9.8% in the third quarter. Vanguard Group Inc. now owns 9,515,622 shares of the transportation company’s stock valued at $203,159,000 after purchasing an additional 849,142 shares in the last quarter. BlackRock Inc. grew its position in Trinity Industries by 5.7% in the second quarter. BlackRock Inc. now owns 14,245,701 shares of the transportation company’s stock valued at $366,257,000 after purchasing an additional 773,045 shares in the last quarter. Norges Bank bought a new position in Trinity Industries in the fourth quarter valued at $21,951,000. Millennium Management LLC bought a new position in Trinity Industries in the fourth quarter valued at $7,828,000. Finally, Osaic Holdings Inc. grew its position in Trinity Industries by 1,287.4% in the second quarter. Osaic Holdings Inc. now owns 246,950 shares of the transportation company’s stock valued at $411,000 after purchasing an additional 229,150 shares in the last quarter. Institutional investors own 86.57% of the company’s stock.

Trinity Industries Stock Performance

Shares of TRN traded up $0.46 during midday trading on Thursday, reaching $26.35. The stock had a trading volume of 231,573 shares, compared to its average volume of 466,696. The firm has a 50 day simple moving average of $26.35 and a 200-day simple moving average of $25.15. Trinity Industries, Inc. has a one year low of $20.04 and a one year high of $28.86. The firm has a market cap of $2.16 billion, a PE ratio of 20.55 and a beta of 1.39. The company has a current ratio of 1.91, a quick ratio of 0.78 and a debt-to-equity ratio of 4.51.

Trinity Industries (NYSE:TRN) last announced its quarterly earnings data on Thursday, February 22nd. The transportation company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.16. Trinity Industries had a net margin of 3.55% and a return on equity of 9.29%. The company had revenue of $797.90 million during the quarter, compared to the consensus estimate of $749.25 million. During the same quarter last year, the firm posted $0.44 EPS. The company’s quarterly revenue was up 35.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Trinity Industries, Inc. will post 1.46 EPS for the current year.

Trinity Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date of this dividend is Friday, April 12th. Trinity Industries’s dividend payout ratio is presently 88.89%.

Wall Street Analyst Weigh In

Separately, Susquehanna decreased their target price on shares of Trinity Industries from $32.00 to $30.00 and set a “positive” rating for the company in a research report on Friday, February 23rd. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Trinity Industries currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.00.

Insider Transactions at Trinity Industries

In other news, CFO Eric R. Marchetto sold 9,781 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $28.00, for a total transaction of $273,868.00. Following the completion of the sale, the chief financial officer now owns 233,704 shares in the company, valued at approximately $6,543,712. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.20% of the stock is currently owned by corporate insiders.

Trinity Industries 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.