Atlantic Union Bankshares Corp Reduces Holdings in Trinity Industries, Inc. (NYSE:TRN)

Atlantic Union Bankshares Corp decreased its holdings in shares of Trinity Industries, Inc. (NYSE:TRN) by 4.9% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 17,050 shares of the transportation company’s stock after selling 876 shares during the period. Atlantic Union Bankshares Corp’s holdings in Trinity Industries were worth $598,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Smartleaf Asset Management LLC grew its stake 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 acquiring an additional 713 shares during the last quarter. Jones Financial Companies Lllp grew its stake in shares of Trinity Industries by 15.3% during the fourth quarter. Jones Financial Companies Lllp now owns 2,997 shares of the transportation company’s stock worth $105,000 after acquiring an additional 398 shares during the last quarter. KBC Group NV grew its stake 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 worth $139,000 after acquiring an additional 1,649 shares during the last quarter. Matrix Trust Co grew its stake in shares of Trinity Industries by 599.3% during the fourth quarter. Matrix Trust Co now owns 4,923 shares of the transportation company’s stock worth $173,000 after acquiring an additional 4,219 shares during the last quarter. Finally, Crossmark Global Holdings Inc. purchased a new stake in shares of Trinity Industries during the third quarter worth about $204,000. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Insider Buying and Selling at Trinity Industries

In other Trinity Industries news, EVP Gregory B. Mitchell sold 9,286 shares of the business’s stock in a transaction that occurred 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 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. The trade was a 7.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

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

Trinity Industries Price Performance

Shares of NYSE TRN opened at $29.84 on Friday. The business’s 50 day moving average price is $35.15 and its 200 day moving average price is $35.10. The firm has a market cap of $2.44 billion, a P/E 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 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 (NYSE:TRN) last announced its quarterly earnings results on Thursday, February 20th. The transportation company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. Trinity Industries had a return on equity of 11.78% and a net margin of 4.49%. The company had revenue of $629.40 million during the quarter, compared to the consensus estimate of $589.30 million. On average, sell-side analysts expect that Trinity Industries, Inc. will post 1.65 earnings per share for the current year.

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.