Insider Selling: Trinity Industries, Inc. (NYSE:TRN) EVP Sells 9,286 Shares of Stock

Trinity Industries, Inc. (NYSE:TRN) 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 owns 111,879 shares in the company, valued at $3,470,486.58. The trade was a 7.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Trinity Industries Stock Performance

Shares of NYSE TRN traded down $0.62 during midday trading on Tuesday, reaching $29.48. 659,585 shares of the company traded hands, compared to its average volume of 554,541. The company has a market cap of $2.41 billion, a price-to-earnings ratio of 17.97 and a beta of 1.40. The stock has a 50-day moving average price of $35.63 and a 200 day moving average price of $35.19. Trinity Industries, Inc. has a 52 week low of $24.49 and a 52 week high of $39.83. The company has a debt-to-equity ratio of 4.35, a current ratio of 1.80 and a quick ratio of 1.08.

Trinity Industries (NYSE:TRN) last released its quarterly earnings results on Thursday, February 20th. The transportation company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. The company had revenue of $629.40 million for the quarter, compared to the consensus estimate of $589.30 million. Trinity Industries had a net margin of 4.49% and a return on equity of 11.78%. Sell-side analysts anticipate that Trinity Industries, Inc. will post 1.65 earnings per share for the current fiscal year.

Trinity Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 4.07%. This is an increase from Trinity Industries’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Wednesday, January 15th. Trinity Industries’s dividend payout ratio is 73.17%.

Hedge Funds Weigh In On Trinity Industries

Several hedge funds have recently modified their holdings of the company. Sanctuary Advisors LLC lifted its holdings in shares of Trinity Industries by 3.5% in the third quarter. Sanctuary Advisors LLC now owns 10,005 shares of the transportation company’s stock valued at $376,000 after buying an additional 338 shares during the period. Arizona State Retirement System lifted its holdings in Trinity Industries by 1.5% in the 4th quarter. Arizona State Retirement System now owns 23,928 shares of the transportation company’s stock valued at $840,000 after acquiring an additional 364 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in Trinity Industries by 15.3% in 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 during the last quarter. Summit Investment Advisors Inc. boosted its position in shares of Trinity Industries by 6.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 8,550 shares of the transportation company’s stock valued at $300,000 after purchasing an additional 543 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in shares of Trinity Industries by 87.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,532 shares of the transportation company’s stock worth $54,000 after purchasing an additional 713 shares during the last quarter. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on TRN shares. Susquehanna increased their price objective on shares of Trinity Industries from $34.00 to $35.00 and gave the stock a “neutral” rating in a report on Monday. StockNews.com lowered shares of Trinity Industries from a “buy” rating to a “hold” rating in a research note on Monday, November 4th. Finally, The Goldman Sachs Group initiated coverage on Trinity Industries in a research report on Monday, November 18th. They set a “neutral” rating and a $39.00 price objective for the company.

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.