Envestnet Asset Management Inc. Sells 11,151 Shares of Trinity Industries, Inc. (NYSE:TRN)

Envestnet Asset Management Inc. reduced its position in Trinity Industries, Inc. (NYSE:TRN - Free Report) by 9.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 108,685 shares of the transportation company's stock after selling 11,151 shares during the quarter. Envestnet Asset Management Inc. owned 0.13% of Trinity Industries worth $3,815,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of TRN. Wellington Shields Capital Management LLC bought a new position in shares of Trinity Industries in the 4th quarter worth approximately $35,000. Millstone Evans Group LLC bought a new position in Trinity Industries in the fourth quarter worth $54,000. Smartleaf Asset Management LLC lifted its position in Trinity Industries by 87.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,532 shares of the transportation company's stock valued at $54,000 after buying an additional 713 shares during the period. Jones Financial Companies Lllp boosted its holdings in shares of Trinity Industries by 15.3% during the 4th 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 in the last quarter. Finally, KBC Group NV grew its position in shares of Trinity Industries by 71.6% in the 4th quarter. KBC Group NV now owns 3,952 shares of the transportation company's stock worth $139,000 after buying an additional 1,649 shares during the period. 86.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TRN has been the subject of a number of recent research reports. The Goldman Sachs Group lowered their price target on shares of Trinity Industries from $36.00 to $31.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Susquehanna dropped their price target on Trinity Industries from $35.00 to $24.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd.

Insider Transactions at Trinity Industries

In related news, EVP Gregory B. Mitchell sold 9,286 shares of Trinity Industries 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 completion of the sale, the executive vice president now owns 111,879 shares of the company's stock, valued at $3,470,486.58. The trade was a 7.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 2.00% of the company's stock.

Trinity Industries Stock Up 0.9 %

Trinity Industries stock traded up $0.23 during mid-day trading on Tuesday, reaching $25.11. The stock had a trading volume of 126,465 shares, compared to its average volume of 572,018. Trinity Industries, Inc. has a one year low of $23.50 and a one year high of $39.83. The company has a 50-day moving average price of $27.88 and a two-hundred day moving average price of $33.50. The company has a market capitalization of $2.05 billion, a price-to-earnings ratio of 15.29 and a beta of 1.49. The company has a debt-to-equity ratio of 4.35, a current ratio of 1.80 and a quick ratio of 1.08.

Trinity Industries (NYSE:TRN - Get Free Report) last issued its earnings results on Thursday, February 20th. The transportation company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.38 by $0.01. The business had revenue of $629.40 million for the quarter, compared to the consensus estimate of $589.30 million. Trinity Industries had a return on equity of 11.78% and a net margin of 4.49%. 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 declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.78%. The ex-dividend date of this dividend is Tuesday, April 15th. Trinity Industries's payout ratio is presently 73.17%.

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.