Prudential Financial Inc. Acquires 57,842 Shares of Trinity Industries, Inc. (NYSE:TRN)

Prudential Financial Inc. raised its holdings in shares of Trinity Industries, Inc. (NYSE:TRN - Free Report) by 59.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 154,868 shares of the transportation company's stock after buying an additional 57,842 shares during the period. Prudential Financial Inc. owned about 0.19% of Trinity Industries worth $5,436,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in TRN. Intech Investment Management LLC bought a new stake in shares of Trinity Industries during the 3rd quarter worth $572,000. Citigroup Inc. lifted its holdings in shares of Trinity Industries by 81.5% during the third quarter. Citigroup Inc. now owns 115,775 shares of the transportation company's stock valued at $4,034,000 after purchasing an additional 51,988 shares during the last quarter. Cerity Partners LLC boosted its position in shares of Trinity Industries by 28.0% in the 3rd quarter. Cerity Partners LLC now owns 12,237 shares of the transportation company's stock valued at $426,000 after purchasing an additional 2,680 shares during the period. FMR LLC increased its stake in Trinity Industries by 23.9% in the 3rd quarter. FMR LLC now owns 116,755 shares of the transportation company's stock worth $4,068,000 after purchasing an additional 22,522 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in Trinity Industries during the 3rd quarter worth about $293,000. Institutional investors and hedge funds own 86.57% of the company's stock.

Wall Street Analyst Weigh In

Separately, 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.

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Insider Buying and Selling 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 value of $288,051.72. Following the transaction, the executive vice president now directly owns 111,879 shares of the company's stock, 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 SEC, which is available at this hyperlink. Company insiders own 1.60% of the company's stock.

Trinity Industries Stock Down 6.2 %

Shares of TRN traded down $1.64 during mid-day trading on Friday, reaching $25.01. The company's stock had a trading volume of 1,057,086 shares, compared to its average volume of 569,978. The company has a market cap of $2.05 billion, a price-to-earnings ratio of 15.25 and a beta of 1.48. The business has a fifty day moving average of $31.98 and a 200 day moving average of $34.65. 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 $24.34 and a 1 year high of $39.83.

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 (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.01. Trinity Industries had a return on equity of 11.78% and a net margin of 4.49%. The firm had revenue of $629.40 million during the quarter, compared to the consensus estimate of $589.30 million. As a group, analysts forecast that Trinity Industries, Inc. will post 1.65 earnings per share for the current fiscal year.

Trinity Industries Announces Dividend

The business also recently disclosed 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 4.80%. The ex-dividend date of this dividend is Tuesday, April 15th. Trinity Industries's payout ratio 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.