New Age Alpha Advisors LLC Buys Shares of 115,958 Trinity Industries, Inc. (NYSE:TRN)

New Age Alpha Advisors LLC acquired a new stake in Trinity Industries, Inc. (NYSE:TRN - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 115,958 shares of the transportation company's stock, valued at approximately $4,070,000. New Age Alpha Advisors LLC owned 0.14% of Trinity Industries at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wealthfront Advisers LLC acquired a new stake in Trinity Industries in the 4th quarter valued at about $104,136,000. American Century Companies Inc. lifted its position in shares of Trinity Industries by 25.6% in the fourth quarter. American Century Companies Inc. now owns 2,187,366 shares of the transportation company's stock valued at $76,777,000 after buying an additional 446,142 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Trinity Industries during the 4th quarter worth approximately $11,322,000. Barclays PLC boosted its stake in shares of Trinity Industries by 387.2% during the 3rd quarter. Barclays PLC now owns 179,500 shares of the transportation company's stock worth $6,254,000 after acquiring an additional 142,660 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in shares of Trinity Industries by 55.8% during the 4th quarter. JPMorgan Chase & Co. now owns 353,189 shares of the transportation company's stock worth $12,397,000 after acquiring an additional 126,536 shares during the last quarter. Institutional investors own 86.57% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Susquehanna raised their price target on Trinity Industries from $34.00 to $35.00 and gave the company a "neutral" rating in a report on Monday, March 3rd.

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Trinity Industries Stock Performance

Shares of NYSE:TRN traded up $0.42 during trading on Wednesday, reaching $28.55. 299,454 shares of the stock were exchanged, compared to its average volume of 562,945. Trinity Industries, Inc. has a 12 month low of $25.89 and a 12 month high of $39.83. The stock has a 50-day moving average price of $32.72 and a 200-day moving average price of $34.79. The company has a current ratio of 1.80, a quick ratio of 1.08 and a debt-to-equity ratio of 4.35. The firm has a market cap of $2.33 billion, a PE ratio of 17.41 and a beta of 1.50.

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 (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.01. The business had revenue of $629.40 million during 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%. Research analysts expect that Trinity Industries, Inc. will post 1.65 EPS for the current fiscal year.

Trinity Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date of this dividend is Tuesday, April 15th. Trinity Industries's dividend payout ratio is 73.17%.

Insiders Place Their Bets

In related news, EVP Gregory B. Mitchell sold 9,286 shares of the business's stock in a transaction dated 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 transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.60% of the company's stock.

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.