Caisse Des Depots ET Consignations Takes $414,000 Position in Trinity Industries, Inc. (NYSE:TRN)

Caisse Des Depots ET Consignations bought a new position in shares of Trinity Industries, Inc. (NYSE:TRN) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 11,800 shares of the transportation company’s stock, valued at approximately $414,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Sanctuary Advisors LLC grew its stake in Trinity Industries by 3.5% during the third quarter. Sanctuary Advisors LLC now owns 10,005 shares of the transportation company’s stock worth $376,000 after buying an additional 338 shares during the period. Arizona State Retirement System lifted its holdings in shares of Trinity Industries by 1.5% during 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 in the last quarter. Jones Financial Companies Lllp increased 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 purchasing an additional 398 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in Trinity Industries by 87.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,532 shares of the transportation company’s stock valued at $54,000 after purchasing an additional 713 shares in the last quarter. Finally, Wellington Shields Capital Management LLC purchased a new position in Trinity Industries in the fourth quarter valued at about $35,000. Institutional investors and hedge funds own 86.57% of the company’s stock.

Analyst Ratings Changes

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

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 transaction 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 $3,470,486.58. This trade represents a 7.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.60% of the company’s stock.

Trinity Industries Price Performance

Shares of TRN stock opened at $29.01 on Friday. The firm has a fifty day simple moving average of $33.33 and a 200-day simple moving average of $34.79. The company has a market capitalization of $2.37 billion, a PE ratio of 17.69 and a beta of 1.50. Trinity Industries, Inc. has a twelve month low of $25.89 and a twelve month high of $39.83. The company has a current ratio of 1.80, a quick ratio of 1.08 and a debt-to-equity ratio of 4.35.

Trinity Industries (NYSE:TRN) last issued its quarterly earnings data on Thursday, February 20th. The transportation company reported $0.39 earnings per share 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 firm had revenue of $629.40 million during the quarter, compared to analyst estimates of $589.30 million. Equities research analysts anticipate that Trinity Industries, Inc. will post 1.65 earnings per share for the current fiscal year.

About Trinity Industries

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.