New Age Alpha Advisors LLC Makes New $4.07 Million Investment in Trinity Industries, Inc. (NYSE:TRN)

New Age Alpha Advisors LLC purchased a new stake in shares of Trinity Industries, Inc. (NYSE:TRN) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 115,958 shares of the transportation company’s stock, valued at approximately $4,070,000. New Age Alpha Advisors LLC owned 0.14% of Trinity Industries at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in TRN. Norges Bank bought a new stake in shares of Trinity Industries in the 4th quarter valued at about $2,441,000. Caisse Des Depots ET Consignations acquired a new stake in Trinity Industries in the 4th quarter worth about $414,000. JPMorgan Chase & Co. raised its stake in Trinity Industries by 55.8% in the 4th quarter. JPMorgan Chase & Co. now owns 353,189 shares of the transportation company’s stock valued at $12,397,000 after purchasing an additional 126,536 shares during the last quarter. Prudential Financial Inc. lifted its stake in shares of Trinity Industries by 59.6% in the fourth quarter. Prudential Financial Inc. now owns 154,868 shares of the transportation company’s stock worth $5,436,000 after buying an additional 57,842 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Trinity Industries by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 10,099,602 shares of the transportation company’s stock worth $354,496,000 after purchasing an additional 126,139 shares during the last quarter. 86.57% of the stock is currently owned by institutional investors.

Trinity Industries Price Performance

Shares of TRN opened at $28.42 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. Trinity Industries, Inc. has a fifty-two week low of $25.89 and a fifty-two week high of $39.83. The company has a market cap of $2.32 billion, a P/E ratio of 17.33 and a beta of 1.50. The firm’s 50 day moving average price is $33.13 and its 200 day moving average price is $34.77.

Trinity Industries (NYSE:TRN) last announced 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. Trinity Industries had a return on equity of 11.78% and a net margin of 4.49%. The business had revenue of $629.40 million for the quarter, compared to analysts’ expectations of $589.30 million. On average, research analysts forecast that Trinity Industries, Inc. will post 1.65 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Susquehanna raised their price target on shares of Trinity Industries from $34.00 to $35.00 and gave the stock a “neutral” rating in a report on Monday, March 3rd.

Insider Activity at Trinity Industries

In other 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 transaction of $288,051.72. Following the sale, the executive vice president now owns 111,879 shares in the company, valued at approximately $3,470,486.58. The trade was a 7.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.60% of the stock is owned by corporate insiders.

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.