Xponance Inc. Invests $208,000 in Trinity Industries, Inc. (NYSE:TRN)

Xponance Inc. purchased a new position in shares of Trinity Industries, Inc. (NYSE:TRN) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 5,919 shares of the transportation company’s stock, valued at approximately $208,000.

A number of other hedge funds have also added to or reduced their stakes in TRN. Sanctuary Advisors LLC increased its stake in shares of Trinity Industries by 3.5% in the 3rd quarter. Sanctuary Advisors LLC now owns 10,005 shares of the transportation company’s stock valued at $376,000 after purchasing an additional 338 shares during the last quarter. Arizona State Retirement System boosted its stake in Trinity Industries by 1.5% in the fourth quarter. Arizona State Retirement System now owns 23,928 shares of the transportation company’s stock valued at $840,000 after buying an additional 364 shares in the last quarter. Jones Financial Companies Lllp grew its position in Trinity Industries by 15.3% in the fourth 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. Smartleaf Asset Management LLC raised its stake in Trinity Industries by 87.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,532 shares of the transportation company’s stock worth $54,000 after acquiring an additional 713 shares in the last quarter. Finally, Wellington Shields Capital Management LLC bought a new position in shares of Trinity Industries in the fourth quarter worth about $35,000. 86.57% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Gregory B. Mitchell sold 9,286 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $31.02, for a total value of $288,051.72. Following the transaction, the executive vice president now directly owns 111,879 shares of the company’s stock, valued at $3,470,486.58. The trade was a 7.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.60% of the company’s stock.

Trinity Industries Stock Performance

Shares of TRN stock opened at $28.42 on Friday. The firm has a market capitalization of $2.32 billion, a price-to-earnings ratio of 17.33 and a beta of 1.50. The company has a current ratio of 1.80, a quick ratio of 1.08 and a debt-to-equity ratio of 4.35. The business’s 50-day moving average price is $33.13 and its 200-day moving average price is $34.80. Trinity Industries, Inc. has a 12 month low of $25.89 and a 12 month high of $39.83.

Trinity Industries (NYSE:TRN) last posted 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 net margin of 4.49% and a return on equity of 11.78%. The business had revenue of $629.40 million for the quarter, compared to the consensus estimate of $589.30 million. Equities research analysts forecast that Trinity Industries, Inc. will post 1.65 EPS for the current year.

Wall Street Analyst Weigh In

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

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.