Advisors Asset Management Inc. Sells 60,490 Shares of Trinity Industries, Inc. (NYSE:TRN)

Advisors Asset Management Inc. cut its stake in shares of Trinity Industries, Inc. (NYSE:TRN) by 29.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 141,573 shares of the transportation company’s stock after selling 60,490 shares during the period. Advisors Asset Management Inc.’s holdings in Trinity Industries were worth $4,969,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Atria Investments Inc acquired a new position in shares of Trinity Industries in the third quarter valued at approximately $270,000. Intech Investment Management LLC bought a new stake in shares of Trinity Industries in the 3rd quarter valued at about $572,000. Citigroup Inc. increased its stake in shares of Trinity Industries by 81.5% in the third 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 period. Cerity Partners LLC raised its position in shares of Trinity Industries by 28.0% during the third 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 during the last quarter. Finally, Algert Global LLC lifted its stake in shares of Trinity Industries by 125.0% in 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 period. 86.57% of the stock is currently owned by institutional investors.

Insider Activity

In other 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 transaction of $288,051.72. Following the transaction, the executive vice president now 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 document filed with the Securities & Exchange Commission, which is available through this link. 1.60% of the stock is currently owned by company insiders.

Trinity Industries Stock Performance

Shares of TRN opened at $29.50 on Thursday. 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 firm’s fifty day simple moving average is $34.17 and its two-hundred day simple moving average is $34.92. Trinity Industries, Inc. has a 12 month low of $25.65 and a 12 month high of $39.83. The stock has a market capitalization of $2.41 billion, a P/E ratio of 17.99 and a beta of 1.50.

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

Wall Street Analysts Forecast Growth

Separately, Susquehanna increased their target price on shares of Trinity Industries from $34.00 to $35.00 and gave the company a “neutral” rating in a research 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.