Edgestream Partners L.P. Acquires Shares of 114,655 Trinity Industries, Inc. (NYSE:TRN)

Edgestream Partners L.P. bought a new position in Trinity Industries, Inc. (NYSE:TRN - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 114,655 shares of the transportation company's stock, valued at approximately $4,024,000. Edgestream Partners L.P. owned 0.14% of Trinity Industries as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the stock. State Street Corp boosted its position in shares of Trinity Industries by 2.3% during the third 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 period. HighTower Advisors LLC grew its position in Trinity Industries by 125.9% in the 3rd quarter. HighTower Advisors LLC now owns 56,979 shares of the transportation company's stock valued at $1,975,000 after acquiring an additional 31,758 shares during the last quarter. Intech Investment Management LLC bought a new position in Trinity Industries in the 3rd quarter valued at $572,000. Royce & Associates LP increased its stake in Trinity Industries by 8.2% in the third quarter. Royce & Associates LP now owns 367,421 shares of the transportation company's stock worth $12,801,000 after purchasing an additional 27,870 shares during the period. Finally, Truist Financial Corp lifted its position in shares of Trinity Industries by 57.5% during the fourth quarter. Truist Financial Corp now owns 16,260 shares of the transportation company's stock worth $571,000 after purchasing an additional 5,935 shares during the last quarter. Institutional investors own 86.57% of the company's stock.

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Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Susquehanna raised their price target on shares of Trinity Industries from $34.00 to $35.00 and gave the stock a "neutral" rating in a research note on Monday, March 3rd. The Goldman Sachs Group assumed coverage on shares of Trinity Industries in a research report on Monday, November 18th. They set a "neutral" rating and a $39.00 target price on the stock.

Insiders Place Their Bets

In related news, EVP Gregory B. Mitchell sold 9,286 shares of the company'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 transaction, the executive vice president now directly owns 111,879 shares of the company's stock, valued at $3,470,486.58. This represents a 7.66 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.60% of the company's stock.

Trinity Industries Stock Down 1.2 %

NYSE:TRN traded down $0.37 during mid-day trading on Wednesday, reaching $29.03. The company's stock had a trading volume of 598,216 shares, compared to its average volume of 520,662. 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 1 year low of $25.17 and a 1 year high of $39.83. The stock has a fifty day moving average of $34.91 and a 200-day moving average of $35.08. The firm has a market capitalization of $2.37 billion, a PE ratio of 17.70 and a beta of 1.50.

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 during the quarter, compared to analyst estimates of $589.30 million. Trinity Industries had a return on equity of 11.78% and a net margin of 4.49%. Equities research analysts forecast that Trinity Industries, Inc. will post 1.65 earnings per share for the current 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.