Trinity Industries, Inc. (NYSE:TRN) Position Decreased by Court Place Advisors LLC

Court Place Advisors LLC decreased its holdings in shares of Trinity Industries, Inc. (NYSE:TRN) by 4.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 45,504 shares of the transportation company’s stock after selling 1,993 shares during the period. Court Place Advisors LLC owned approximately 0.06% of Trinity Industries worth $1,210,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in TRN. Ramirez Asset Management Inc. bought a new position in shares of Trinity Industries during the 3rd quarter valued at about $32,000. Huntington National Bank boosted its position in shares of Trinity Industries by 61.8% during the 3rd quarter. Huntington National Bank now owns 1,382 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 528 shares in the last quarter. ICA Group Wealth Management LLC bought a new position in shares of Trinity Industries during the 4th quarter valued at about $35,000. Tower Research Capital LLC TRC boosted its position in shares of Trinity Industries by 383.7% during the 1st quarter. Tower Research Capital LLC TRC now owns 2,109 shares of the transportation company’s stock valued at $51,000 after purchasing an additional 1,673 shares in the last quarter. Finally, Lazard Asset Management LLC purchased a new stake in shares of Trinity Industries in the second quarter worth approximately $62,000. Institutional investors own 86.57% of the company’s stock.

Insider Buying and Selling at Trinity Industries

In other Trinity Industries news, CFO Eric R. Marchetto sold 9,781 shares of the stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $28.00, for a total transaction of $273,868.00. Following the transaction, the chief financial officer now owns 233,704 shares in the company, valued at $6,543,712. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.20% of the company’s stock.

Trinity Industries Stock Down 0.9 %

TRN traded down $0.24 during midday trading on Wednesday, hitting $25.89. 354,212 shares of the company’s stock traded hands, compared to its average volume of 470,084. The company has a market cap of $2.12 billion, a PE ratio of 20.55 and a beta of 1.39. The stock’s fifty day simple moving average is $26.35 and its 200-day simple moving average is $25.15. The company has a debt-to-equity ratio of 4.51, a current ratio of 1.91 and a quick ratio of 0.78. Trinity Industries, Inc. has a one year low of $20.04 and a one year high of $28.86.

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

Trinity Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, April 15th will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 4.33%. The ex-dividend date is Friday, April 12th. Trinity Industries’s payout ratio is presently 88.89%.

Wall Street Analyst Weigh In

Separately, Susquehanna reduced their price target 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 equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Trinity Industries currently has an average rating of “Moderate Buy” and an average price target of $29.00.

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.