Gamco Investors INC. ET AL Sells 60,360 Shares of Trinity Industries, Inc. (NYSE:TRN)

Gamco Investors INC. ET AL reduced its position in Trinity Industries, Inc. (NYSE:TRN) by 5.1% during the fourth quarter, HoldingsChannel reports. The firm owned 1,127,945 shares of the transportation company’s stock after selling 60,360 shares during the period. Gamco Investors INC. ET AL’s holdings in Trinity Industries were worth $39,591,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of TRN. Guggenheim Capital LLC grew its holdings in Trinity Industries by 1.0% during the 4th quarter. Guggenheim Capital LLC now owns 195,173 shares of the transportation company’s stock worth $6,851,000 after acquiring an additional 1,861 shares during the period. Summit Investment Advisors Inc. increased its holdings in Trinity Industries by 6.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 8,550 shares of the transportation company’s stock worth $300,000 after purchasing an additional 543 shares in the last quarter. Granite Investment Partners LLC acquired a new position in Trinity Industries in the fourth quarter valued at approximately $14,532,000. Bank of Montreal Can boosted its holdings in shares of Trinity Industries by 8.9% during the 4th quarter. Bank of Montreal Can now owns 15,063 shares of the transportation company’s stock worth $529,000 after buying an additional 1,227 shares in the last quarter. Finally, Cerity Partners LLC increased its stake in shares of Trinity Industries by 19.3% in the 4th quarter. Cerity Partners LLC now owns 14,603 shares of the transportation company’s stock valued at $510,000 after acquiring an additional 2,366 shares in the last quarter. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Gregory B. Mitchell sold 9,286 shares of the 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 sale, the executive vice president now 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.60% of the company’s stock.

Trinity Industries Stock Up 1.2 %

Trinity Industries stock opened at $25.54 on Tuesday. The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of 15.57 and a beta of 1.49. Trinity Industries, Inc. has a 1-year low of $23.50 and a 1-year high of $39.83. The firm’s fifty day moving average price is $30.01 and its two-hundred day moving average price is $34.16. The company has a current ratio of 1.80, a quick ratio of 1.08 and a debt-to-equity ratio of 4.35.

Trinity Industries (NYSE:TRN) last released its quarterly earnings results on Thursday, February 20th. The transportation company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 4.49% and a return on equity of 11.78%. On average, equities research analysts predict that Trinity Industries, Inc. will post 1.65 earnings per share for the current fiscal year.

Trinity Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 4.70%. The ex-dividend date of this dividend is Tuesday, April 15th. Trinity Industries’s dividend payout ratio is currently 73.17%.

Analyst Upgrades and Downgrades

Separately, Susquehanna upped 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.

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.