Bank of New York Mellon Corp Lowers Position in Trinity Industries, Inc. (NYSE:TRN)

Bank of New York Mellon Corp cut its stake in shares of Trinity Industries, Inc. (NYSE:TRN - Free Report) by 2.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 896,147 shares of the transportation company's stock after selling 20,920 shares during the period. Bank of New York Mellon Corp owned about 1.09% of Trinity Industries worth $31,455,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of TRN. Algert Global LLC raised its stake in shares of Trinity Industries by 125.0% during the third quarter. Algert Global LLC now owns 297,230 shares of the transportation company's stock valued at $10,355,000 after acquiring an additional 165,105 shares during the last quarter. Barclays PLC lifted its holdings in Trinity Industries by 387.2% during 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 period. State Street Corp grew its position in shares of Trinity Industries by 2.3% in the 3rd quarter. State Street Corp now owns 3,226,026 shares of the transportation company's stock valued at $112,395,000 after buying an additional 73,183 shares during the last quarter. Citigroup Inc. increased its stake in shares of Trinity Industries by 81.5% in the third quarter. Citigroup Inc. now owns 115,775 shares of the transportation company's stock valued at $4,034,000 after buying an additional 51,988 shares during the period. Finally, Los Angeles Capital Management LLC raised its position in shares of Trinity Industries by 611.4% during the third quarter. Los Angeles Capital Management LLC now owns 51,912 shares of the transportation company's stock worth $1,809,000 after acquiring an additional 44,615 shares during the last quarter. 86.57% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

A number of analysts have weighed in on TRN shares. Susquehanna increased their target price on shares of Trinity Industries from $34.00 to $35.00 and gave the company a "neutral" rating in a research report on Monday, March 3rd. The Goldman Sachs Group began coverage on Trinity Industries in a research note on Monday, November 18th. They set a "neutral" rating and a $39.00 target price for the company.

Insider Transactions at Trinity Industries

In other Trinity Industries news, EVP Gregory B. Mitchell sold 9,286 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $31.02, for a total transaction of $288,051.72. Following the completion of the sale, the executive vice president now owns 111,879 shares in the company, valued at approximately $3,470,486.58. The trade was a 7.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.60% of the stock is owned by insiders.

Trinity Industries Stock Down 1.3 %

TRN traded down $0.38 during midday trading on Wednesday, hitting $29.01. The company had a trading volume of 326,925 shares, compared to its average volume of 519,766. The company has a market capitalization of $2.37 billion, a price-to-earnings ratio of 17.67 and a beta of 1.50. The stock's 50 day moving average price is $34.91 and its 200 day moving average price is $35.08. 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, Inc. has a 52 week low of $25.17 and a 52 week high of $39.83.

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

Trinity Industries Company 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.