Trinity Industries, Inc. (NYSE:TRN) Shares Sold by Gabelli Funds LLC

Gabelli Funds LLC decreased its holdings in shares of Trinity Industries, Inc. (NYSE:TRN - Free Report) by 2.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 577,700 shares of the transportation company's stock after selling 16,500 shares during the period. Gabelli Funds LLC owned 0.70% of Trinity Industries worth $20,277,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Wellington Shields Capital Management LLC purchased a new position in Trinity Industries during the fourth quarter valued at approximately $35,000. Millstone Evans Group LLC bought a new position in shares of Trinity Industries in the 4th quarter worth $54,000. Smartleaf Asset Management LLC lifted its stake 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 last quarter. Jones Financial Companies Lllp boosted its position in 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 purchasing an additional 398 shares in the last quarter. Finally, KBC Group NV grew its stake in 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 purchasing an additional 1,649 shares during the last quarter. Institutional investors own 86.57% of the company's stock.

Analysts Set New Price Targets

TRN has been the topic of a number of recent analyst reports. Susquehanna raised their price target on shares of Trinity Industries from $34.00 to $35.00 and gave the company a "neutral" rating in a report on Monday, March 3rd. The Goldman Sachs Group lowered their target price on shares of Trinity Industries from $36.00 to $31.00 and set a "neutral" rating for the company in a research note on Thursday.

Insider Activity

In related news, EVP Gregory B. Mitchell sold 9,286 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $31.02, for a total value of $288,051.72. Following the transaction, the executive vice president now owns 111,879 shares in the company, valued at approximately $3,470,486.58. This represents a 7.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.00% of the company's stock.

Trinity Industries Stock Down 2.2 %

Trinity Industries stock traded down $0.56 during midday trading on Monday, reaching $24.81. The company's stock had a trading volume of 43,459 shares, compared to its average volume of 580,946. Trinity Industries, Inc. has a 52-week low of $23.50 and a 52-week high of $39.83. The stock has a market capitalization of $2.03 billion, a P/E ratio of 15.13 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. The stock's 50-day simple moving average is $29.05 and its 200-day simple moving average is $33.92.

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

Trinity Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $1.20 annualized dividend and a yield of 4.84%. Trinity Industries's payout ratio is presently 73.17%.

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.