Pictet Asset Management Holding SA Buys 1,998 Shares of Trinity Industries, Inc. (NYSE:TRN)

Pictet Asset Management Holding SA grew its stake in Trinity Industries, Inc. (NYSE:TRN) by 20.6% in the fourth quarter, HoldingsChannel reports. The fund owned 11,713 shares of the transportation company’s stock after acquiring an additional 1,998 shares during the period. Pictet Asset Management Holding SA’s holdings in Trinity Industries were worth $411,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. FMR LLC grew its position 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 period. Verition Fund Management LLC grew its holdings in Trinity Industries by 26.5% during the 3rd quarter. Verition Fund Management LLC now owns 14,192 shares of the transportation company’s stock worth $494,000 after acquiring an additional 2,975 shares during the period. HighTower Advisors LLC raised its position in shares of Trinity Industries by 125.9% during the 3rd quarter. HighTower Advisors LLC now owns 56,979 shares of the transportation company’s stock valued at $1,975,000 after acquiring an additional 31,758 shares during the last quarter. Stifel Financial Corp lifted its stake in shares of Trinity Industries by 42.5% in the 3rd 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 period. Finally, State Street Corp boosted its position in shares of Trinity Industries by 2.3% in 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. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Trinity Industries Stock Performance

Shares of NYSE TRN opened at $26.66 on Thursday. Trinity Industries, Inc. has a 12 month low of $23.50 and a 12 month high of $39.83. The stock has a 50 day moving average of $30.71 and a 200-day moving average of $34.34. The company has a current ratio of 1.80, a quick ratio of 1.08 and a debt-to-equity ratio of 4.35. The company has a market capitalization of $2.18 billion, a P/E ratio of 16.26 and a beta of 1.49.

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

Trinity Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $1.20 annualized dividend and a yield of 4.50%. Trinity Industries’s dividend payout ratio is presently 73.17%.

Wall Street Analyst Weigh In

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

Insider Activity at Trinity Industries

In other Trinity Industries news, EVP Gregory B. Mitchell sold 9,286 shares of the 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 completion of the transaction, the executive vice president now directly owns 111,879 shares in the company, valued at approximately $3,470,486.58. This trade represents a 7.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.60% of the stock is owned by insiders.

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.