American Century Companies Inc. Purchases 446,142 Shares of Trinity Industries, Inc. (NYSE:TRN)

American Century Companies Inc. boosted its holdings in shares of Trinity Industries, Inc. (NYSE:TRN) by 25.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,187,366 shares of the transportation company’s stock after purchasing an additional 446,142 shares during the period. American Century Companies Inc. owned about 2.66% of Trinity Industries worth $76,777,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Wellington Shields Capital Management LLC acquired a new position in Trinity Industries during the 4th quarter worth approximately $35,000. Smartleaf Asset Management LLC increased its holdings in shares of Trinity Industries by 87.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,532 shares of the transportation company’s stock worth $54,000 after buying an additional 713 shares in the last quarter. Millstone Evans Group LLC bought a new position in shares of Trinity Industries in the 4th quarter valued at $54,000. Jones Financial Companies Lllp boosted its holdings 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 acquiring an additional 398 shares in the last quarter. Finally, KBC Group NV grew its position in Trinity Industries by 71.6% during the 4th quarter. KBC Group NV now owns 3,952 shares of the transportation company’s stock worth $139,000 after acquiring an additional 1,649 shares during the last quarter. Institutional investors and hedge funds own 86.57% of the company’s stock.

Insider Buying and Selling

In other Trinity Industries news, EVP Gregory B. Mitchell sold 9,286 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were 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 directly 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.60% of the stock is currently owned by insiders.

Trinity Industries Price Performance

TRN stock opened at $29.64 on Tuesday. The company has a market capitalization of $2.42 billion, a P/E ratio of 18.07 and a beta of 1.50. 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, Inc. has a 52-week low of $25.89 and a 52-week high of $39.83. The company has a fifty day moving average price of $33.82 and a 200-day moving average price of $34.88.

Trinity Industries (NYSE:TRN) last released its quarterly earnings results on Thursday, February 20th. The transportation company reported $0.39 earnings per share (EPS) for the quarter, topping 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 net margin of 4.49% and a return on equity of 11.78%. As a group, equities analysts expect that Trinity Industries, Inc. will post 1.65 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Susquehanna lifted 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 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.