Trinity Industries, Inc. (NYSE:TRN) Shares Bought by Amundi

Amundi increased its stake in shares of Trinity Industries, Inc. (NYSE:TRN - Free Report) by 186.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 41,529 shares of the transportation company's stock after acquiring an additional 27,014 shares during the period. Amundi owned about 0.05% of Trinity Industries worth $1,446,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Edgestream Partners L.P. acquired a new stake in Trinity Industries during the fourth quarter worth about $4,024,000. Raymond James Financial Inc. acquired a new stake in Trinity Industries during the fourth quarter worth about $11,322,000. Arizona State Retirement System grew its holdings in 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 acquiring an additional 364 shares during the period. Victory Capital Management Inc. grew its holdings in Trinity Industries by 2.1% during the fourth quarter. Victory Capital Management Inc. now owns 314,828 shares of the transportation company's stock worth $11,050,000 after acquiring an additional 6,547 shares during the period. Finally, Jones Financial Companies Lllp grew its holdings in Trinity Industries by 15.3% during the fourth quarter. Jones Financial Companies Lllp now owns 2,997 shares of the transportation company's stock worth $105,000 after acquiring an additional 398 shares during the period. 86.57% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Analyst Ratings Changes

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

Insider Activity

In other news, EVP Gregory B. Mitchell sold 9,286 shares of the firm's stock in a transaction that occurred 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 transaction, the executive vice president now owns 111,879 shares in the company, 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 SEC, which is available through this link. Company insiders own 1.60% of the company's stock.

Trinity Industries Price Performance

TRN traded down $0.23 during trading on Friday, hitting $29.40. The company's stock had a trading volume of 1,258,800 shares, compared to its average volume of 517,749. The company has a current ratio of 1.80, a quick ratio of 1.08 and a debt-to-equity ratio of 4.35. Trinity Industries, Inc. has a twelve month low of $25.89 and a twelve month high of $39.83. The business's fifty day simple moving average is $33.95 and its 200 day simple moving average is $34.86. The firm has a market capitalization of $2.40 billion, a price-to-earnings ratio of 17.93 and a beta of 1.50.

Trinity Industries (NYSE:TRN - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The transportation company reported $0.39 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $589.30 million. On average, equities research analysts forecast that Trinity Industries, Inc. will post 1.65 EPS for the current fiscal year.

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.