KLP Kapitalforvaltning AS Takes Position in Trinity Industries, Inc. (NYSE:TRN)

KLP Kapitalforvaltning AS acquired a new stake in shares of Trinity Industries, Inc. (NYSE:TRN) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 16,600 shares of the transportation company’s stock, valued at approximately $583,000.

Other institutional investors also recently bought and sold shares of the company. Wellington Shields Capital Management LLC bought a new stake in shares of Trinity Industries in the fourth quarter worth about $35,000. Smartleaf Asset Management LLC lifted its stake in shares of Trinity Industries by 87.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,532 shares of the transportation company’s stock valued at $54,000 after purchasing an additional 713 shares during the last quarter. Millstone Evans Group LLC bought a new position in shares of Trinity Industries during the 4th quarter valued at approximately $54,000. Jones Financial Companies Lllp raised its holdings in Trinity Industries by 15.3% during the 4th quarter. Jones Financial Companies Lllp now owns 2,997 shares of the transportation company’s stock valued at $105,000 after buying an additional 398 shares during the period. Finally, KBC Group NV lifted its position in Trinity Industries by 71.6% in the fourth 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. 86.57% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Trinity Industries

In related news, EVP Gregory B. Mitchell sold 9,286 shares of the company’s stock in a transaction 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.60% of the stock is currently owned by corporate insiders.

Trinity Industries Stock Up 2.5 %

NYSE:TRN opened at $28.82 on Thursday. 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 firm has a market cap of $2.36 billion, a PE ratio of 17.57 and a beta of 1.48. The company has a 50-day moving average of $32.53 and a 200 day moving average of $34.74.

Trinity Industries (NYSE:TRN) last posted its earnings results on Thursday, February 20th. The transportation company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. Trinity Industries had a return on equity of 11.78% and a net margin of 4.49%. The company had revenue of $629.40 million during the quarter, compared to analyst estimates of $589.30 million. As a group, research analysts anticipate that Trinity Industries, Inc. will post 1.65 EPS for the current fiscal year.

Trinity Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be given a $0.30 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.16%. Trinity Industries’s payout ratio is 73.17%.

Analyst Ratings Changes

Separately, Susquehanna boosted their target price on Trinity Industries from $34.00 to $35.00 and gave the company a “neutral” rating in a research report on Monday, March 3rd.

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.