Gregory B. Mitchell Sells 9,286 Shares of Trinity Industries, Inc. (NYSE:TRN) Stock

Trinity Industries, Inc. (NYSE:TRN) EVP Gregory B. Mitchell sold 9,286 shares of the business’s 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 transaction, the executive vice president now directly 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 is available through this hyperlink.

Trinity Industries Trading Up 1.5 %

Trinity Industries stock opened at $29.89 on Thursday. The company has a quick ratio of 1.08, a current ratio of 1.80 and a debt-to-equity ratio of 4.35. Trinity Industries, Inc. has a 52 week low of $25.09 and a 52 week high of $39.83. The company has a market capitalization of $2.44 billion, a price-to-earnings ratio of 18.22 and a beta of 1.40. The stock has a 50-day moving average price of $35.50 and a 200 day moving average price of $35.17.

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

Hedge Funds Weigh In On Trinity Industries

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State Street Corp lifted its stake in shares of Trinity Industries by 2.3% in the 3rd quarter. State Street Corp now owns 3,226,026 shares of the transportation company’s stock valued at $112,395,000 after purchasing an additional 73,183 shares during the last quarter. HighTower Advisors LLC increased its holdings in Trinity Industries by 125.9% during the 3rd quarter. HighTower Advisors LLC now owns 56,979 shares of the transportation company’s stock worth $1,975,000 after purchasing an additional 31,758 shares during the period. Intech Investment Management LLC purchased a new stake in Trinity Industries during the 3rd quarter worth about $572,000. Royce & Associates LP increased its holdings in shares of Trinity Industries by 8.2% in the 3rd quarter. Royce & Associates LP now owns 367,421 shares of the transportation company’s stock valued at $12,801,000 after acquiring an additional 27,870 shares during the last quarter. Finally, Barclays PLC increased its holdings in shares of Trinity Industries by 387.2% in the 3rd quarter. Barclays PLC now owns 179,500 shares of the transportation company’s stock valued at $6,254,000 after acquiring an additional 142,660 shares during the last quarter. Institutional investors and hedge funds own 86.57% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on TRN. Susquehanna increased their target price on shares of Trinity Industries from $34.00 to $35.00 and gave the stock a “neutral” rating in a report on Monday. The Goldman Sachs Group assumed coverage on Trinity Industries in a research report on Monday, November 18th. They set a “neutral” rating and a $39.00 target price for the company.

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.