Edgestream Partners L.P. Makes New $4.02 Million Investment in Trinity Industries, Inc. (NYSE:TRN)

Edgestream Partners L.P. bought a new position in Trinity Industries, Inc. (NYSE:TRN) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 114,655 shares of the transportation company’s stock, valued at approximately $4,024,000. Edgestream Partners L.P. owned about 0.14% of Trinity Industries at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the company. Jennison Associates LLC increased its position in Trinity Industries by 0.5% in the fourth quarter. Jennison Associates LLC now owns 3,588,234 shares of the transportation company’s stock worth $125,947,000 after buying an additional 18,851 shares during the last quarter. State Street Corp increased its position in Trinity Industries by 2.3% in the third quarter. State Street Corp now owns 3,226,026 shares of the transportation company’s stock worth $112,395,000 after buying an additional 73,183 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Trinity Industries by 1.4% in the third quarter. Geode Capital Management LLC now owns 1,848,591 shares of the transportation company’s stock worth $64,418,000 after acquiring an additional 24,832 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Trinity Industries by 2.6% in the fourth quarter. Principal Financial Group Inc. now owns 400,727 shares of the transportation company’s stock worth $14,066,000 after acquiring an additional 10,293 shares during the period. Finally, Royce & Associates LP boosted its holdings in shares of Trinity Industries by 8.2% in the third quarter. Royce & Associates LP now owns 367,421 shares of the transportation company’s stock worth $12,801,000 after acquiring an additional 27,870 shares during the period. 86.57% of the stock is owned by hedge funds and other institutional investors.

Trinity Industries Price Performance

NYSE:TRN opened at $29.84 on Friday. The firm has a market capitalization of $2.44 billion, a price-to-earnings ratio of 18.19 and a beta of 1.50. Trinity Industries, Inc. has a 52-week low of $25.17 and a 52-week high of $39.83. The stock has a fifty day moving average of $35.15 and a 200 day moving average of $35.10. The company has a debt-to-equity ratio of 4.35, a quick ratio of 1.08 and a current ratio of 1.80.

Trinity Industries (NYSE:TRN) last posted its quarterly earnings data 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 company 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%. On average, research analysts expect that Trinity Industries, Inc. will post 1.65 EPS for the current fiscal year.

Insider Activity at Trinity Industries

In related news, EVP Gregory B. Mitchell sold 9,286 shares of Trinity Industries stock in a transaction on Monday, March 3rd. The stock was 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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on TRN shares. The Goldman Sachs Group started coverage on Trinity Industries in a report on Monday, November 18th. They issued a “neutral” rating and a $39.00 price target for the company. Susquehanna raised their price target on Trinity Industries from $34.00 to $35.00 and gave the stock a “neutral” rating in a report on Monday, March 3rd.

Trinity Industries Company 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.