Raymond James Financial Inc. Invests $11.32 Million in Trinity Industries, Inc. (NYSE:TRN)

Raymond James Financial Inc. bought a new stake in Trinity Industries, Inc. (NYSE:TRN) during the 4th quarter, Holdings Channel reports. The institutional investor bought 322,564 shares of the transportation company’s stock, valued at approximately $11,322,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Atria Investments Inc purchased a new position in shares of Trinity Industries in the 3rd quarter valued at about $270,000. Advisors Asset Management Inc. lifted its position in shares of Trinity Industries by 6.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 202,063 shares of the transportation company’s stock worth $7,040,000 after buying an additional 12,658 shares during the last quarter. Intech Investment Management LLC acquired a new position in shares of Trinity Industries in the 3rd quarter valued at $572,000. Citigroup Inc. grew its position in shares of Trinity Industries by 81.5% in the 3rd quarter. Citigroup Inc. now owns 115,775 shares of the transportation company’s stock valued at $4,034,000 after buying an additional 51,988 shares during the last quarter. Finally, Cerity Partners LLC raised its stake in Trinity Industries by 28.0% during the 3rd quarter. Cerity Partners LLC now owns 12,237 shares of the transportation company’s stock worth $426,000 after acquiring an additional 2,680 shares in the last quarter. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Trinity Industries Stock Up 0.6 %

Shares of NYSE:TRN opened at $29.66 on Friday. Trinity Industries, Inc. has a 1-year low of $25.89 and a 1-year high of $39.83. The company has a debt-to-equity ratio of 4.35, a current ratio of 1.80 and a quick ratio of 1.08. The stock has a market cap of $2.43 billion, a P/E ratio of 18.08 and a beta of 1.50. The firm has a fifty day moving average price of $34.06 and a 200 day moving average price of $34.88.

Trinity Industries (NYSE:TRN) 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. Trinity Industries had a net margin of 4.49% and a return on equity of 11.78%. The business had revenue of $629.40 million during the quarter, compared to the consensus estimate of $589.30 million. Sell-side analysts predict that Trinity Industries, Inc. will post 1.65 EPS for the current year.

Analyst Ratings Changes

Separately, Susquehanna upped their price objective on shares of Trinity Industries from $34.00 to $35.00 and gave the company a “neutral” rating in a research note on Monday, March 3rd.

Insiders Place Their Bets

In other news, EVP Gregory B. Mitchell sold 9,286 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were 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. This trade represents a 7.66 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.60% of the stock is 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.