Arrowstreet Capital Limited Partnership Has $29.61 Million Holdings in Trinity Industries, Inc. (NYSE:TRN)

Arrowstreet Capital Limited Partnership raised its position in Trinity Industries, Inc. (NYSE:TRN) by 28.0% during the fourth quarter, Holdings Channel reports. The firm owned 843,435 shares of the transportation company’s stock after purchasing an additional 184,603 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Trinity Industries were worth $29,605,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Wellington Shields Capital Management LLC acquired a new position in Trinity Industries in the fourth quarter valued at $35,000. Smartleaf Asset Management LLC raised its position 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 worth $54,000 after acquiring an additional 713 shares in the last quarter. Millstone Evans Group LLC acquired a new position in shares of Trinity Industries in the 4th quarter valued at about $54,000. Jones Financial Companies Lllp boosted its position in shares of 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 purchasing an additional 398 shares in the last quarter. Finally, KBC Group NV grew its stake in Trinity Industries by 71.6% during the fourth quarter. KBC Group NV now owns 3,952 shares of the transportation company’s stock worth $139,000 after purchasing an additional 1,649 shares during the period. 86.57% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Trinity Industries Stock Performance

Shares of TRN opened at $28.82 on Thursday. Trinity Industries, Inc. has a one year low of $25.89 and a one year high of $39.83. The company has a market cap of $2.36 billion, a PE ratio of 17.57 and a beta of 1.48. The stock has a 50-day moving average of $32.53 and a 200-day moving average of $34.74. The company has a debt-to-equity ratio of 4.35, a current ratio of 1.80 and a quick ratio of 1.08.

Trinity Industries (NYSE:TRN) last announced its quarterly earnings data on Thursday, February 20th. The transportation company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. The firm had revenue of $629.40 million during the quarter, compared to analysts’ expectations of $589.30 million. Trinity Industries had a return on equity of 11.78% and a net margin of 4.49%. On average, equities research analysts predict that Trinity Industries, Inc. will post 1.65 EPS for the current fiscal year.

Trinity Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $1.20 dividend on an annualized basis and a yield of 4.16%. Trinity Industries’s dividend payout ratio (DPR) is presently 73.17%.

Insiders Place Their Bets

In other news, EVP Gregory B. Mitchell sold 9,286 shares of the business’s 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 completion of the sale, the executive vice president now directly owns 111,879 shares of the company’s stock, valued at $3,470,486.58. The trade was a 7.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.60% of the company’s stock.

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.