Dark Forest Capital Management LP Buys Shares of 14,090 Trinity Industries, Inc. (NYSE:TRN)

Dark Forest Capital Management LP purchased a new position in Trinity Industries, Inc. (NYSE:TRN - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 14,090 shares of the transportation company's stock, valued at approximately $495,000.

A number of other institutional investors also recently modified their holdings of the company. MetLife Investment Management LLC grew its stake in Trinity Industries by 5.8% during the fourth quarter. MetLife Investment Management LLC now owns 49,863 shares of the transportation company's stock worth $1,750,000 after purchasing an additional 2,718 shares during the period. First Trust Advisors LP grew its position in shares of Trinity Industries by 9.8% during the 4th quarter. First Trust Advisors LP now owns 184,254 shares of the transportation company's stock worth $6,467,000 after buying an additional 16,402 shares during the period. Capital International Investors increased its stake in shares of Trinity Industries by 1.1% in the 4th quarter. Capital International Investors now owns 5,450,669 shares of the transportation company's stock valued at $191,388,000 after acquiring an additional 61,901 shares in the last quarter. Farringdon Capital Ltd. acquired a new position in shares of Trinity Industries during the 4th quarter valued at $230,000. Finally, Guggenheim Capital LLC boosted its stake in Trinity Industries by 1.0% during the fourth quarter. Guggenheim Capital LLC now owns 195,173 shares of the transportation company's stock worth $6,851,000 after acquiring an additional 1,861 shares in the last quarter. 86.57% of the stock is owned by institutional investors.

Trinity Industries Stock Performance

TRN opened at $25.10 on Friday. Trinity Industries, Inc. has a 1-year low of $23.50 and a 1-year high of $39.83. The company has a market cap of $2.05 billion, a price-to-earnings ratio of 15.30 and a beta of 1.49. The company's fifty day moving average price is $28.06 and its two-hundred day moving average price is $33.59. 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 (NYSE:TRN - Get Free Report) last posted its 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. The company had revenue of $629.40 million for the quarter, compared to analyst estimates of $589.30 million. Trinity Industries had a net margin of 4.49% and a return on equity of 11.78%. On average, analysts expect that Trinity Industries, Inc. will post 1.65 EPS for the current fiscal year.

Trinity Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be given a dividend of $0.30 per share. The ex-dividend date is Tuesday, April 15th. This represents a $1.20 annualized dividend and a dividend yield of 4.78%. Trinity Industries's payout ratio is 73.17%.

Insider Activity at Trinity Industries

In other Trinity Industries 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 transaction of $288,051.72. Following the transaction, the executive vice president now directly owns 111,879 shares in the company, valued at approximately $3,470,486.58. This trade represents a 7.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.00% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have weighed in on TRN. Susquehanna decreased their price target on shares of Trinity Industries from $35.00 to $24.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. The Goldman Sachs Group dropped their price target on Trinity Industries from $36.00 to $31.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th.

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.

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