322,564 Shares in Trinity Industries, Inc. (NYSE:TRN) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new position in Trinity Industries, Inc. (NYSE:TRN - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 322,564 shares of the transportation company's stock, valued at approximately $11,322,000. Raymond James Financial Inc. owned approximately 0.39% of Trinity Industries at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Sanctuary Advisors LLC lifted its position in Trinity Industries by 3.5% during the third quarter. Sanctuary Advisors LLC now owns 10,005 shares of the transportation company's stock worth $376,000 after buying an additional 338 shares in the last quarter. Arizona State Retirement System raised its holdings 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 worth $840,000 after acquiring an additional 364 shares during the period. Jones Financial Companies Lllp boosted its holdings in Trinity Industries by 15.3% in the 4th 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 last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Trinity Industries by 87.1% during the 4th 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, KBC Group NV raised its position in shares of Trinity Industries by 71.6% during the 4th quarter. KBC Group NV now owns 3,952 shares of the transportation company's stock valued at $139,000 after buying an additional 1,649 shares during the period. 86.57% of the stock is currently owned by institutional investors and hedge funds.

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Trinity Industries Trading Up 0.9 %

NYSE:TRN traded up $0.26 during trading hours on Monday, reaching $29.64. 322,280 shares of the stock were exchanged, compared to its average volume of 517,498. Trinity Industries, Inc. has a twelve month low of $25.89 and a twelve month high of $39.83. The business has a 50-day moving average of $33.95 and a two-hundred day moving average of $34.90. The company has a market capitalization of $2.42 billion, a price-to-earnings ratio of 18.07 and a beta of 1.50. The company has a quick ratio of 1.08, a current ratio of 1.80 and a debt-to-equity ratio of 4.35.

Trinity Industries (NYSE:TRN - Get Free Report) last announced its earnings results on Thursday, February 20th. The transportation company reported $0.39 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.01. The company had revenue of $629.40 million during 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.

Insider Activity

In other news, EVP Gregory B. Mitchell sold 9,286 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $31.02, for a total value of $288,051.72. Following the sale, the executive vice president now directly owns 111,879 shares in the company, valued at approximately $3,470,486.58. This trade represents a 7.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.60% of the company's stock.

Analysts Set New Price Targets

Separately, Susquehanna boosted their price objective on shares of 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.