Insider Selling: Trinity Industries, Inc. (NYSE:TRN) EVP Sells 9,286 Shares of Stock

Trinity Industries, Inc. (NYSE:TRN - Get Free Report) EVP Gregory B. Mitchell sold 9,286 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $31.02, for a total transaction of $288,051.72. Following the completion of the transaction, the executive vice president now directly owns 111,879 shares in the company, valued at $3,470,486.58. This represents a 7.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Trinity Industries Stock Performance

Shares of TRN traded up $0.06 during mid-day trading on Friday, reaching $29.84. 473,985 shares of the company's stock traded hands, compared to its average volume of 555,759. The business's 50-day moving average price is $35.15 and its 200-day moving average price is $35.08. The stock has a market capitalization of $2.44 billion, a P/E ratio of 18.19 and a beta of 1.40. The company has a debt-to-equity ratio of 4.35, a quick ratio of 1.08 and a current ratio of 1.80. Trinity Industries, Inc. has a 12 month low of $25.17 and a 12 month high of $39.83.

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

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Institutional Investors Weigh In On Trinity Industries

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TRN. Creative Planning raised its holdings in Trinity Industries by 6.1% during the third quarter. Creative Planning now owns 17,388 shares of the transportation company's stock worth $606,000 after purchasing an additional 1,000 shares in the last quarter. International Assets Investment Management LLC raised its holdings in Trinity Industries by 3,384.0% during the third quarter. International Assets Investment Management LLC now owns 10,452 shares of the transportation company's stock worth $364,000 after purchasing an additional 10,152 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in Trinity Industries by 25.9% during the third quarter. Nisa Investment Advisors LLC now owns 25,500 shares of the transportation company's stock worth $888,000 after purchasing an additional 5,247 shares in the last quarter. Atria Investments Inc bought a new stake in Trinity Industries during the third quarter worth approximately $270,000. Finally, Crossmark Global Holdings Inc. bought a new stake in Trinity Industries during the third quarter worth approximately $204,000. Institutional investors own 86.57% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of Trinity Industries in a report on Monday, November 18th. They issued a "neutral" rating and a $39.00 target price on the stock. Susquehanna raised their target price on shares of Trinity Industries from $34.00 to $35.00 and gave the stock a "neutral" rating in a report on Monday, March 3rd.

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.