Smartleaf Asset Management LLC Purchases 713 Shares of Trinity Industries, Inc. (NYSE:TRN)

Smartleaf Asset Management LLC increased its position in shares of Trinity Industries, Inc. (NYSE:TRN) by 87.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,532 shares of the transportation company’s stock after buying an additional 713 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Trinity Industries were worth $54,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. State Street Corp grew its stake in Trinity Industries by 2.3% in the third quarter. State Street Corp now owns 3,226,026 shares of the transportation company’s stock valued at $112,395,000 after purchasing an additional 73,183 shares in the last quarter. HighTower Advisors LLC grew its stake in Trinity Industries by 125.9% in the third quarter. HighTower Advisors LLC now owns 56,979 shares of the transportation company’s stock valued at $1,975,000 after purchasing an additional 31,758 shares in the last quarter. Intech Investment Management LLC bought a new position in Trinity Industries in the third quarter valued at approximately $572,000. Royce & Associates LP grew its stake in Trinity Industries by 8.2% in the third quarter. Royce & Associates LP now owns 367,421 shares of the transportation company’s stock valued at $12,801,000 after purchasing an additional 27,870 shares in the last quarter. Finally, Truist Financial Corp grew its stake in Trinity Industries by 57.5% in the fourth quarter. Truist Financial Corp now owns 16,260 shares of the transportation company’s stock valued at $571,000 after purchasing an additional 5,935 shares in the last quarter. 86.57% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. The Goldman Sachs Group assumed coverage on Trinity Industries in a research note on Monday, November 18th. They issued a “neutral” rating and a $39.00 price target for the company. Susquehanna raised their price target on Trinity Industries from $34.00 to $35.00 and gave the company a “neutral” rating in a research note on Monday, March 3rd.

Trinity Industries Stock Performance

Shares of NYSE TRN opened at $29.25 on Tuesday. 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, Inc. has a 12 month low of $25.17 and a 12 month high of $39.83. The stock has a 50 day moving average of $35.02 and a 200-day moving average of $35.10. The company has a market capitalization of $2.39 billion, a P/E ratio of 17.83 and a beta of 1.50.

Trinity Industries (NYSE:TRN) last issued its earnings results on Thursday, February 20th. The transportation company reported $0.39 EPS for the quarter, topping 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 company had revenue of $629.40 million during the quarter, compared to the consensus estimate of $589.30 million. As a group, equities research analysts predict that Trinity Industries, Inc. will post 1.65 EPS for the current year.

Insider Transactions at Trinity Industries

In related news, EVP Gregory B. Mitchell sold 9,286 shares of Trinity Industries stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $31.02, for a total transaction of $288,051.72. Following the completion of the sale, the executive vice president now directly owns 111,879 shares of the company’s stock, valued at approximately $3,470,486.58. This trade represents a 7.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.60% of the stock is currently 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.