JPMorgan Chase & Co. Grows Stock Position in Trinity Industries, Inc. (NYSE:TRN)

JPMorgan Chase & Co. lifted its position in Trinity Industries, Inc. (NYSE:TRN - Free Report) by 55.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 353,189 shares of the transportation company's stock after purchasing an additional 126,536 shares during the period. JPMorgan Chase & Co. owned about 0.43% of Trinity Industries worth $12,397,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Wellington Shields Capital Management LLC purchased a new position in Trinity Industries in the fourth quarter valued at $35,000. Millstone Evans Group LLC acquired a new stake in shares of Trinity Industries during the 4th quarter valued at about $54,000. Smartleaf Asset Management LLC increased its stake in shares of Trinity Industries by 87.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,532 shares of the transportation company's stock valued at $54,000 after purchasing an additional 713 shares in 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 worth $105,000 after purchasing an additional 398 shares in the last quarter. Finally, KBC Group NV grew its holdings 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 period. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other 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 transaction of $288,051.72. Following the transaction, the executive vice president now owns 111,879 shares in the company, valued at $3,470,486.58. The trade was 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 2.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TRN. Susquehanna increased their target price on Trinity Industries from $34.00 to $35.00 and gave the company a "neutral" rating in a research report on Monday, March 3rd. The Goldman Sachs Group decreased their price objective on shares of Trinity Industries from $36.00 to $31.00 and set a "neutral" rating on the stock in a report on Thursday.

Trinity Industries Price Performance

Shares of NYSE TRN traded up $0.47 during midday trading on Friday, hitting $25.35. The stock had a trading volume of 465,842 shares, compared to its average volume of 582,525. 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 $23.50 and a 1 year high of $39.83. The company has a market capitalization of $2.07 billion, a PE ratio of 15.46 and a beta of 1.49. The stock has a 50 day simple moving average of $29.05 and a 200-day simple moving average of $33.91.

Trinity Industries (NYSE:TRN - Get Free Report) last announced its quarterly earnings data 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 analyst estimates of $589.30 million. Trinity Industries had a return on equity of 11.78% and a net margin of 4.49%. On average, sell-side analysts expect that Trinity Industries, Inc. will post 1.65 EPS for the current fiscal year.

Trinity Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $1.20 dividend on an annualized basis and a yield of 4.73%. Trinity Industries's payout ratio is 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.