Legal & General Group Plc Has $8.47 Million Position in Trinity Industries, Inc. (NYSE:TRN)

Legal & General Group Plc lessened its holdings in shares of Trinity Industries, Inc. (NYSE:TRN) by 1.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 241,281 shares of the transportation company’s stock after selling 4,314 shares during the period. Legal & General Group Plc’s holdings in Trinity Industries were worth $8,469,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Wellington Shields Capital Management LLC bought a new stake in shares of Trinity Industries during the fourth quarter worth about $35,000. Smartleaf Asset Management LLC boosted its stake in Trinity Industries by 87.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,532 shares of the transportation company’s stock valued at $54,000 after purchasing an additional 713 shares during the last quarter. Millstone Evans Group LLC bought a new stake in Trinity Industries during the 4th quarter worth approximately $54,000. Jones Financial Companies Lllp raised its stake in shares of Trinity Industries by 15.3% in the fourth quarter. Jones Financial Companies Lllp now owns 2,997 shares of the transportation company’s stock worth $105,000 after purchasing an additional 398 shares during the last quarter. Finally, KBC Group NV boosted its position in shares of Trinity Industries by 71.6% during the fourth quarter. KBC Group NV now owns 3,952 shares of the transportation company’s stock valued at $139,000 after buying an additional 1,649 shares during the last quarter. Institutional investors and hedge funds own 86.57% of the company’s stock.

Insider Activity at Trinity Industries

In related news, EVP Gregory B. Mitchell sold 9,286 shares of Trinity Industries 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 sale, 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 SEC, which can be accessed through this hyperlink. 2.00% of the stock is owned by company insiders.

Trinity Industries Stock Performance

TRN stock opened at $25.35 on Friday. 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 $2.07 billion, a PE ratio of 15.46 and a beta of 1.49. The business has a 50 day moving average of $29.05 and a 200-day moving average of $33.91. Trinity Industries, Inc. has a 12-month low of $23.50 and a 12-month high of $39.83.

Trinity Industries (NYSE:TRN) last announced its earnings results on Thursday, February 20th. The transportation company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.01. The firm had revenue of $629.40 million during 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, sell-side analysts expect that Trinity Industries, Inc. will post 1.65 earnings per share for the current year.

Trinity Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors 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 dividend on an annualized basis and a dividend yield of 4.73%. Trinity Industries’s dividend payout ratio (DPR) is presently 73.17%.

Analyst Ratings Changes

TRN has been the subject of a number of analyst reports. The Goldman Sachs Group lowered their price target on Trinity Industries from $36.00 to $31.00 and set a “neutral” rating for the company in a research report on Thursday. 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 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.