Arrowstreet Capital Limited Partnership Has $29.61 Million Stock Holdings in Trinity Industries, Inc. (NYSE:TRN)

Arrowstreet Capital Limited Partnership raised its holdings in Trinity Industries, Inc. (NYSE:TRN - Free Report) by 28.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 843,435 shares of the transportation company's stock after buying an additional 184,603 shares during the quarter. Arrowstreet Capital Limited Partnership owned 1.03% of Trinity Industries worth $29,605,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Wellington Shields Capital Management LLC acquired a new stake in shares of Trinity Industries in the fourth quarter worth $35,000. Millstone Evans Group LLC acquired a new stake in Trinity Industries in the 4th quarter worth $54,000. 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 purchasing an additional 713 shares during the period. Jones Financial Companies Lllp raised its position in shares of Trinity Industries by 15.3% during the fourth quarter. Jones Financial Companies Lllp now owns 2,997 shares of the transportation company's stock valued at $105,000 after buying an additional 398 shares during the last quarter. Finally, KBC Group NV lifted its stake in shares of Trinity Industries by 71.6% in the fourth 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 owned by institutional investors.

Analyst Ratings Changes

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

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Insiders Place Their Bets

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

Trinity Industries Price Performance

Shares of NYSE:TRN traded down $0.19 during midday trading on Monday, reaching $24.90. 976,055 shares of the company's stock were exchanged, compared to its average volume of 571,596. The company has a debt-to-equity ratio of 4.35, a quick ratio of 1.08 and a current ratio of 1.80. The company's 50 day simple moving average is $31.72 and its two-hundred day simple moving average is $34.59. Trinity Industries, Inc. has a 12 month low of $23.50 and a 12 month high of $39.83. The firm has a market capitalization of $2.04 billion, a PE ratio of 15.18 and a beta of 1.49.

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

Trinity Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 4.82%. The ex-dividend date is Tuesday, April 15th. Trinity Industries's dividend payout ratio (DPR) is 73.17%.

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.