Norges Bank Acquires New Holdings in Trinity Industries, Inc. (NYSE:TRN)

Norges Bank bought a new position in shares of Trinity Industries, Inc. (NYSE:TRN - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 69,538 shares of the transportation company's stock, valued at approximately $2,441,000. Norges Bank owned about 0.08% of Trinity Industries at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. FMR LLC boosted its stake in shares of Trinity Industries by 23.9% during the 3rd quarter. FMR LLC now owns 116,755 shares of the transportation company's stock worth $4,068,000 after buying an additional 22,522 shares during the last quarter. HighTower Advisors LLC boosted its position in Trinity Industries by 125.9% during the third quarter. HighTower Advisors LLC now owns 56,979 shares of the transportation company's stock valued at $1,975,000 after purchasing an additional 31,758 shares during the last quarter. Stifel Financial Corp boosted its position in Trinity Industries by 42.5% during the third quarter. Stifel Financial Corp now owns 87,424 shares of the transportation company's stock valued at $3,046,000 after purchasing an additional 26,089 shares during the last quarter. State Street Corp increased its position in shares of Trinity Industries by 2.3% during the 3rd quarter. State Street Corp now owns 3,226,026 shares of the transportation company's stock worth $112,395,000 after purchasing an additional 73,183 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of Trinity Industries during the 3rd quarter worth approximately $633,000. Institutional investors own 86.57% of the company's stock.

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Wall Street Analyst Weigh In

Separately, Susquehanna boosted 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.

Trinity Industries Stock Performance

TRN traded down $0.27 during trading hours on Tuesday, reaching $25.29. The company's stock had a trading volume of 860,220 shares, compared to its average volume of 579,552. The company's 50-day moving average is $30.01 and its 200-day moving average is $34.16. Trinity Industries, Inc. has a 52 week low of $23.50 and a 52 week high of $39.83. The firm has a market cap of $2.06 billion, a PE ratio of 15.42 and a beta of 1.49. 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 (NYSE:TRN - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The transportation company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.01. Trinity Industries had a net margin of 4.49% and a return on equity of 11.78%. The company had revenue of $629.40 million for the quarter, compared to analyst estimates of $589.30 million. On average, equities analysts forecast that Trinity Industries, Inc. will post 1.65 EPS for the current year.

Trinity Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be paid a dividend of $0.30 per share. The ex-dividend date is Tuesday, April 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.74%. Trinity Industries's dividend payout ratio (DPR) is currently 73.17%.

Insider Buying and Selling

In other news, EVP Gregory B. Mitchell sold 9,286 shares of the 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 sale, the executive vice president now directly owns 111,879 shares of the company's stock, valued at approximately $3,470,486.58. This represents a 7.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.60% of the stock is currently owned by insiders.

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.