ProVise Management Group LLC Has $379,000 Holdings in Trinity Industries, Inc. (NYSE:TRN)

ProVise Management Group LLC lowered its position in Trinity Industries, Inc. (NYSE:TRNFree Report) by 44.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,250 shares of the transportation company’s stock after selling 11,250 shares during the quarter. ProVise Management Group LLC’s holdings in Trinity Industries were worth $379,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Huntington National Bank increased its stake in Trinity Industries by 61.8% in the third quarter. Huntington National Bank now owns 1,382 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 528 shares during the last quarter. Twelve Points Wealth Management LLC raised its holdings in shares of Trinity Industries by 1.7% during the 4th quarter. Twelve Points Wealth Management LLC now owns 32,051 shares of the transportation company’s stock worth $852,000 after buying an additional 528 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Trinity Industries by 7.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,969 shares of the transportation company’s stock worth $451,000 after buying an additional 1,235 shares during the last quarter. Ramirez Asset Management Inc. acquired a new stake in Trinity Industries in the third quarter valued at about $32,000. Finally, Swiss National Bank increased its position in Trinity Industries by 1.0% during the 3rd quarter. Swiss National Bank now owns 169,500 shares of the transportation company’s stock worth $4,127,000 after purchasing an additional 1,700 shares in the last quarter. Institutional investors and hedge funds own 86.57% of the company’s stock.

Trinity Industries Stock Up 2.4 %

TRN stock traded up $0.70 during trading on Friday, reaching $30.42. 344,744 shares of the stock were exchanged, compared to its average volume of 521,293. The company has a current ratio of 1.88, a quick ratio of 0.91 and a debt-to-equity ratio of 4.55. Trinity Industries, Inc. has a twelve month low of $20.04 and a twelve month high of $31.59. The firm’s 50 day moving average is $28.28 and its 200 day moving average is $26.53. The firm has a market cap of $2.49 billion, a P/E ratio of 20.42 and a beta of 1.39.

Trinity Industries (NYSE:TRNGet Free Report) last posted its earnings results on Wednesday, May 1st. The transportation company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.07. The company had revenue of $809.60 million for the quarter, compared to analyst estimates of $750.97 million. Trinity Industries had a net margin of 3.98% and a return on equity of 10.93%. The firm’s revenue was up 26.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.07 EPS. As a group, research analysts forecast that Trinity Industries, Inc. will post 1.5 EPS for the current year.

Trinity Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, July 15th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date is Monday, July 15th. Trinity Industries’s payout ratio is currently 75.17%.

Insider Activity

In other Trinity Industries news, CFO Eric R. Marchetto sold 8,816 shares of Trinity Industries stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $30.00, for a total value of $264,480.00. Following the sale, the chief financial officer now owns 224,888 shares of the company’s stock, valued at $6,746,640. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CFO Eric R. Marchetto sold 8,816 shares of Trinity Industries stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $30.00, for a total value of $264,480.00. Following the completion of the sale, the chief financial officer now owns 224,888 shares of the company’s stock, valued at approximately $6,746,640. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Eric R. Marchetto sold 9,781 shares of the company’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 sale, the chief financial officer now directly owns 233,704 shares in the company, valued at $6,543,712. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on TRN shares. Susquehanna raised their target price on Trinity Industries from $30.00 to $34.00 and gave the stock a “positive” rating in a research report on Thursday, May 2nd. TD Cowen lifted their price objective on Trinity Industries from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Trinity Industries currently has an average rating of “Moderate Buy” and a consensus price target of $31.00.

Check Out Our Latest Report on TRN

About Trinity Industries

(Free Report)

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.

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Institutional Ownership by Quarter for Trinity Industries (NYSE:TRN)

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