KLP Kapitalforvaltning AS Takes $583,000 Position in Trinity Industries, Inc. (NYSE:TRN)

KLP Kapitalforvaltning AS acquired a new stake in Trinity Industries, Inc. (NYSE:TRN - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 16,600 shares of the transportation company's stock, valued at approximately $583,000.

Several other institutional investors and hedge funds have also modified their holdings of TRN. Sanctuary Advisors LLC grew its stake in Trinity Industries by 3.5% in the 3rd quarter. Sanctuary Advisors LLC now owns 10,005 shares of the transportation company's stock worth $376,000 after acquiring an additional 338 shares during the period. Arizona State Retirement System boosted its holdings in shares of Trinity Industries by 1.5% during the fourth quarter. Arizona State Retirement System now owns 23,928 shares of the transportation company's stock worth $840,000 after purchasing an additional 364 shares during the last quarter. Jones Financial Companies Lllp grew its position in shares of Trinity Industries by 15.3% in the fourth quarter. Jones Financial Companies Lllp now owns 2,997 shares of the transportation company's stock valued at $105,000 after purchasing an additional 398 shares during the period. Smartleaf Asset Management LLC increased its stake in Trinity Industries by 87.1% in 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. Finally, Wellington Shields Capital Management LLC purchased a new position in Trinity Industries during the fourth quarter worth about $35,000. Hedge funds and other institutional investors own 86.57% of the company's stock.

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Trinity Industries Trading Down 0.7 %

Shares of NYSE TRN traded down $0.19 during trading on Monday, hitting $24.90. 976,055 shares of the company traded hands, compared to its average volume of 571,596. The firm has a market capitalization of $2.04 billion, a P/E ratio of 15.18 and a beta of 1.49. The company has a quick ratio of 1.08, a current ratio of 1.80 and a debt-to-equity ratio of 4.35. The company has a 50-day moving average price of $31.72 and a 200-day moving average price of $34.59. Trinity Industries, Inc. has a 1 year low of $21.25 and a 1 year high of $39.83.

Trinity Industries (NYSE:TRN - Get Free Report) last issued its earnings results on Thursday, February 20th. The transportation company reported $0.39 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.01. The firm had revenue of $629.40 million for the quarter, compared to analysts' expectations of $589.30 million. Trinity Industries had a return on equity of 11.78% and a net margin of 4.49%. On average, equities analysts predict that Trinity Industries, Inc. will post 1.65 EPS for the current year.

Trinity Industries Dividend Announcement

The firm also recently announced 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. This represents a $1.20 dividend on an annualized basis and a yield of 4.82%. The ex-dividend date of this dividend is Tuesday, April 15th. Trinity Industries's dividend payout ratio (DPR) is presently 73.17%.

Insider Activity at Trinity Industries

In other news, EVP Gregory B. Mitchell sold 9,286 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $31.02, for a total value of $288,051.72. Following the completion of the sale, the executive vice president now owns 111,879 shares of the company's stock, valued at $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 available at this hyperlink. 1.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Separately, Susquehanna lifted their price target on Trinity Industries from $34.00 to $35.00 and gave the company a "neutral" rating in a report on Monday, March 3rd.

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.