Advisors Asset Management Inc. Has $4.97 Million Position in Trinity Industries, Inc. (NYSE:TRN)

Advisors Asset Management Inc. decreased its stake in Trinity Industries, Inc. (NYSE:TRN - Free Report) by 29.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 141,573 shares of the transportation company's stock after selling 60,490 shares during the period. Advisors Asset Management Inc. owned approximately 0.17% of Trinity Industries worth $4,969,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Wealthfront Advisers LLC bought a new stake in Trinity Industries in the 4th quarter valued at $104,136,000. Raymond James Financial Inc. bought a new stake in shares of Trinity Industries in the fourth quarter valued at about $11,322,000. Algert Global LLC grew its position in Trinity Industries by 125.0% during the third quarter. Algert Global LLC now owns 297,230 shares of the transportation company's stock worth $10,355,000 after buying an additional 165,105 shares in the last quarter. Barclays PLC increased its stake in Trinity Industries by 387.2% during the third quarter. Barclays PLC now owns 179,500 shares of the transportation company's stock valued at $6,254,000 after acquiring an additional 142,660 shares during the period. Finally, Edgestream Partners L.P. bought a new position in Trinity Industries during the fourth quarter valued at about $4,024,000. Institutional investors own 86.57% of the company's stock.

Insiders Place Their Bets

In other Trinity Industries news, EVP Gregory B. Mitchell sold 9,286 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $31.02, for a total value of $288,051.72. Following the transaction, the executive vice president now directly owns 111,879 shares in the company, valued at $3,470,486.58. The trade was a 7.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.60% of the company's stock.

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Trinity Industries Price Performance

Shares of Trinity Industries stock traded up $0.26 during trading on Monday, hitting $29.64. 360,180 shares of the company's stock traded hands, compared to its average volume of 517,650. Trinity Industries, Inc. has a twelve month low of $25.89 and a twelve month high of $39.83. The company has a debt-to-equity ratio of 4.35, a current ratio of 1.80 and a quick ratio of 1.08. The company has a market cap of $2.42 billion, a PE ratio of 18.07 and a beta of 1.50. The firm's fifty day moving average price is $33.95 and its 200 day moving average price is $34.90.

Trinity Industries (NYSE:TRN - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The transportation company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.01. The company had revenue of $629.40 million for the quarter, compared to analyst estimates of $589.30 million. Trinity Industries had a return on equity of 11.78% and a net margin of 4.49%. Analysts forecast that Trinity Industries, Inc. will post 1.65 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Susquehanna lifted their price objective on Trinity Industries from $34.00 to $35.00 and gave the stock 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.