Trinity Industries, Inc. (NYSE:TRN) Shares Bought by New York State Common Retirement Fund

New York State Common Retirement Fund lifted its position in Trinity Industries, Inc. (NYSE:TRN - Free Report) by 160.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 65,735 shares of the transportation company's stock after purchasing an additional 40,450 shares during the quarter. New York State Common Retirement Fund owned about 0.08% of Trinity Industries worth $2,307,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. KBC Group NV increased its holdings in shares of Trinity Industries by 71.6% during 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 last quarter. Matrix Trust Co lifted its stake in shares of Trinity Industries by 599.3% in the 4th quarter. Matrix Trust Co now owns 4,923 shares of the transportation company's stock valued at $173,000 after purchasing an additional 4,219 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new position in shares of Trinity Industries during the 3rd quarter worth $204,000. M&T Bank Corp acquired a new stake in shares of Trinity Industries during the 3rd quarter worth about $248,000. Finally, Atria Investments Inc purchased a new stake in Trinity Industries in the 3rd quarter valued at about $270,000. 86.57% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Trinity Industries

In other Trinity Industries news, EVP Gregory B. Mitchell sold 9,286 shares of the company'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 sale, the executive vice president now 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 document filed with the Securities & Exchange Commission, which is available through this link. 1.60% of the stock is currently owned by company insiders.

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Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Susquehanna lifted their price target on shares of Trinity Industries from $34.00 to $35.00 and gave the company a "neutral" rating in a research report on Monday. The Goldman Sachs Group started coverage on shares of Trinity Industries in a report on Monday, November 18th. They issued a "neutral" rating and a $39.00 target price for the company.

Trinity Industries Trading Up 1.5 %

NYSE TRN traded up $0.45 during trading on Wednesday, hitting $29.89. The stock had a trading volume of 679,419 shares, compared to its average volume of 556,905. The company has a quick ratio of 1.08, a current ratio of 1.80 and a debt-to-equity ratio of 4.35. The company has a market capitalization of $2.44 billion, a PE ratio of 18.22 and a beta of 1.40. The firm has a 50 day moving average price of $35.50 and a 200 day moving average price of $35.17. Trinity Industries, Inc. has a twelve month low of $25.09 and a twelve month high of $39.83.

Trinity Industries (NYSE:TRN - Get Free Report) last announced 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 firm 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%. As a group, equities research analysts forecast that Trinity Industries, Inc. will post 1.65 earnings per share for the current year.

Trinity Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th were paid a $0.30 dividend. This is a boost from Trinity Industries's previous quarterly dividend of $0.28. This represents a $1.20 annualized dividend and a dividend yield of 4.02%. The ex-dividend date was Wednesday, January 15th. Trinity Industries's dividend payout ratio (DPR) 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.