American Century Companies Inc. Purchases 446,142 Shares of Trinity Industries, Inc. (NYSE:TRN)

American Century Companies Inc. lifted its stake in shares of Trinity Industries, Inc. (NYSE:TRN - Free Report) by 25.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,187,366 shares of the transportation company's stock after buying an additional 446,142 shares during the period. American Century Companies Inc. owned about 2.66% of Trinity Industries worth $76,777,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of TRN. State Street Corp boosted its holdings in Trinity Industries by 2.3% during the 3rd quarter. State Street Corp now owns 3,226,026 shares of the transportation company's stock worth $112,395,000 after acquiring an additional 73,183 shares during the last quarter. HighTower Advisors LLC boosted its holdings in Trinity Industries by 125.9% during the third quarter. HighTower Advisors LLC now owns 56,979 shares of the transportation company's stock worth $1,975,000 after purchasing an additional 31,758 shares during the last quarter. Intech Investment Management LLC bought a new stake in Trinity Industries in the 3rd quarter worth about $572,000. Truist Financial Corp increased its stake in Trinity Industries by 57.5% in the 4th quarter. Truist Financial Corp now owns 16,260 shares of the transportation company's stock valued at $571,000 after buying an additional 5,935 shares during the last quarter. Finally, Barclays PLC boosted its stake in shares of Trinity Industries by 387.2% in the 3rd quarter. Barclays PLC now owns 179,500 shares of the transportation company's stock worth $6,254,000 after buying an additional 142,660 shares during the last quarter. Institutional investors own 86.57% of the company's stock.

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Insider Transactions at Trinity Industries

In other news, EVP Gregory B. Mitchell sold 9,286 shares of the firm's 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 completion of the transaction, the executive vice president now directly owns 111,879 shares of the company's stock, valued at $3,470,486.58. This trade 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 the SEC website. Corporate insiders own 1.60% of the company's stock.

Trinity Industries Stock Performance

Shares of NYSE:TRN traded down $0.35 during mid-day trading on Thursday, reaching $29.02. The company had a trading volume of 29,890 shares, compared to its average volume of 515,197. Trinity Industries, Inc. has a one year low of $25.89 and a one year high of $39.83. The company has a current ratio of 1.80, a quick ratio of 1.08 and a debt-to-equity ratio of 4.35. The company's 50-day moving average price is $33.50 and its 200-day moving average price is $34.83. The firm has a market cap of $2.37 billion, a price-to-earnings ratio of 17.70 and a beta of 1.50.

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

Wall Street Analyst Weigh In

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

About Trinity Industries

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.