JPMorgan Chase & Co. Purchases 126,536 Shares of Trinity Industries, Inc. (NYSE:TRN)

JPMorgan Chase & Co. lifted its position in Trinity Industries, Inc. (NYSE:TRN) by 55.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 353,189 shares of the transportation company’s stock after purchasing an additional 126,536 shares during the quarter. JPMorgan Chase & Co.’s holdings in Trinity Industries were worth $12,397,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Trinity Industries by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 10,099,602 shares of the transportation company’s stock worth $354,496,000 after buying an additional 126,139 shares in the last quarter. Jennison Associates LLC boosted its stake in shares of Trinity Industries by 0.5% in the fourth quarter. Jennison Associates LLC now owns 3,588,234 shares of the transportation company’s stock worth $125,947,000 after acquiring an additional 18,851 shares during the period. State Street Corp grew its position in shares of Trinity Industries by 2.3% during the third 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 in the last quarter. Wealthfront Advisers LLC bought a new stake in Trinity Industries during the 4th quarter valued at approximately $104,136,000. Finally, American Century Companies Inc. raised its stake in Trinity Industries by 25.6% during the 4th quarter. American Century Companies Inc. now owns 2,187,366 shares of the transportation company’s stock valued at $76,777,000 after purchasing an additional 446,142 shares during the period. 86.57% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Gregory B. Mitchell sold 9,286 shares of the stock in a transaction dated 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 transaction, the executive vice president now owns 111,879 shares of the company’s stock, valued at approximately $3,470,486.58. This trade represents a 7.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

Trinity Industries Trading Down 1.4 %

Shares of Trinity Industries stock opened at $25.22 on Monday. The company has a quick ratio of 1.08, a current ratio of 1.80 and a debt-to-equity ratio of 4.35. The firm has a market cap of $2.06 billion, a price-to-earnings ratio of 15.38 and a beta of 1.49. Trinity Industries, Inc. has a twelve month low of $23.50 and a twelve month high of $39.83. The business has a 50-day moving average price of $30.26 and a 200-day moving average price of $34.22.

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

Trinity Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be given a dividend of $0.30 per share. The ex-dividend date is Tuesday, April 15th. This represents a $1.20 annualized dividend and a yield of 4.76%. Trinity Industries’s dividend payout ratio (DPR) is currently 73.17%.

Analysts Set New Price Targets

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

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.