Goldman Sachs Group Inc. Grows Stock Position in Trinity Industries, Inc. (NYSE:TRN)

Goldman Sachs Group Inc. increased its stake in Trinity Industries, Inc. (NYSE:TRN) by 72.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 707,633 shares of the transportation company’s stock after buying an additional 297,153 shares during the quarter. Goldman Sachs Group Inc. owned about 0.86% of Trinity Industries worth $18,816,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. TFO Wealth Partners LLC boosted its stake in shares of Trinity Industries by 22,360.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,123 shares of the transportation company’s stock worth $30,000 after purchasing an additional 1,118 shares during the period. Ramirez Asset Management Inc. bought a new position in shares of Trinity Industries during the third quarter valued at approximately $32,000. Criterion Capital Advisors LLC purchased a new stake in shares of Trinity Industries in the fourth quarter worth approximately $76,000. International Assets Investment Management LLC raised its holdings in shares of Trinity Industries by 2,559.0% in the fourth quarter. International Assets Investment Management LLC now owns 7,977 shares of the transportation company’s stock worth $212,000 after buying an additional 7,677 shares during the period. Finally, Quadrature Capital Ltd bought a new stake in shares of Trinity Industries during the 3rd quarter worth approximately $216,000. Institutional investors own 86.57% of the company’s stock.

Insider Buying and Selling at Trinity Industries

In related news, CFO Eric R. Marchetto sold 8,816 shares of the company’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $30.00, for a total transaction of $264,480.00. Following the completion of the sale, the chief financial officer now directly owns 224,888 shares in the company, valued at approximately $6,746,640. The sale was disclosed in a document filed 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 $29.68 on Thursday. The stock has a market capitalization of $2.43 billion, a price-to-earnings ratio of 19.92 and a beta of 1.42. The company has a current ratio of 1.88, a quick ratio of 0.91 and a debt-to-equity ratio of 4.55. Trinity Industries, Inc. has a twelve month low of $20.04 and a twelve month high of $32.00. The stock has a fifty day simple moving average of $29.68 and a two-hundred day simple moving average of $27.40.

Trinity Industries (NYSE:TRN) last issued its earnings results on Wednesday, May 1st. The transportation company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.07. Trinity Industries had a net margin of 3.98% and a return on equity of 10.93%. The company had revenue of $809.60 million for the quarter, compared to analysts’ expectations of $750.97 million. During the same period in the prior year, the business earned $0.07 EPS. The firm’s quarterly revenue was up 26.2% on a year-over-year basis. On average, analysts predict that Trinity Industries, Inc. will post 1.5 EPS for the current fiscal year.

Trinity Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Monday, July 15th will be issued a dividend of $0.28 per share. The ex-dividend date is Monday, July 15th. This represents a $1.12 dividend on an annualized basis and a yield of 3.77%. Trinity Industries’s dividend payout ratio is currently 75.17%.

Analysts Set New Price Targets

A number of research firms have weighed in on TRN. Susquehanna increased their target price on Trinity Industries from $30.00 to $34.00 and gave the stock a “positive” rating in a research note on Thursday, May 2nd. TD Cowen lifted their price objective on shares of Trinity Industries from $30.00 to $33.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Trinity Industries presently has an average rating of “Moderate Buy” and a consensus target price of $31.00.

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.