Royce & Associates LP Increases Stock Position in Trinity Industries, Inc. (NYSE:TRN)

Royce & Associates LP increased its position in Trinity Industries, Inc. (NYSE:TRN - Free Report) by 12.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 411,431 shares of the transportation company's stock after buying an additional 44,010 shares during the period. Royce & Associates LP owned 0.50% of Trinity Industries worth $14,441,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wealthfront Advisers LLC bought a new stake in shares of Trinity Industries in the 4th quarter worth about $104,136,000. Raymond James Financial Inc. purchased a new position in Trinity Industries in the fourth quarter worth about $11,322,000. Algert Global LLC increased its stake in Trinity Industries by 125.0% during the third quarter. Algert Global LLC now owns 297,230 shares of the transportation company's stock worth $10,355,000 after acquiring an additional 165,105 shares during the last quarter. Barclays PLC increased its stake in Trinity Industries by 387.2% during the third 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 last quarter. Finally, Edgestream Partners L.P. purchased a new stake in Trinity Industries during the fourth quarter valued at approximately $4,024,000. 86.57% of the stock is owned by institutional investors.

Insider Transactions at Trinity Industries

In related news, EVP Gregory B. Mitchell sold 9,286 shares of the business's stock in a transaction that occurred on 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 sale, the executive vice president now owns 111,879 shares in the company, valued at approximately $3,470,486.58. The trade was a 7.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.60% of the company's stock.

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Wall Street Analyst Weigh In

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

Trinity Industries Trading Down 0.8 %

NYSE TRN traded down $0.23 during trading on Friday, hitting $29.40. The stock had a trading volume of 1,258,800 shares, compared to its average volume of 517,980. Trinity Industries, Inc. has a one year low of $25.89 and a one year high of $39.83. The stock has a 50 day simple moving average of $34.06 and a 200 day simple moving average of $34.88. The stock has a market capitalization of $2.40 billion, a price-to-earnings ratio of 17.93 and a beta of 1.50. 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 posted its quarterly earnings data on Thursday, February 20th. The transportation company reported $0.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.38 by $0.01. The company had revenue of $629.40 million during the quarter, compared to analysts' expectations of $589.30 million. Trinity Industries had a return on equity of 11.78% and a net margin of 4.49%. Sell-side analysts predict that Trinity Industries, Inc. will post 1.65 earnings per share for the current year.

About Trinity Industries

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.