Commonwealth Equity Services LLC Sells 6,377 Shares of Trinity Industries, Inc. (NYSE:TRN)

Commonwealth Equity Services LLC lowered its position in shares of Trinity Industries, Inc. (NYSE:TRN) by 15.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,903 shares of the transportation company’s stock after selling 6,377 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Trinity Industries were worth $1,190,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in TRN. Jennison Associates LLC increased its holdings in shares of Trinity Industries by 0.5% during the fourth quarter. Jennison Associates LLC now owns 3,588,234 shares of the transportation company’s stock worth $125,947,000 after buying an additional 18,851 shares in the last quarter. State Street Corp grew its position in Trinity Industries by 2.3% during the 3rd quarter. State Street Corp now owns 3,226,026 shares of the transportation company’s stock worth $112,395,000 after acquiring an additional 73,183 shares during the last quarter. Wealthfront Advisers LLC bought a new stake in Trinity Industries during the 4th quarter worth approximately $104,136,000. Geode Capital Management LLC increased its holdings in Trinity Industries by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,848,591 shares of the transportation company’s stock valued at $64,418,000 after purchasing an additional 24,832 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in Trinity Industries by 2.6% in the 4th quarter. Principal Financial Group Inc. now owns 400,727 shares of the transportation company’s stock valued at $14,066,000 after purchasing an additional 10,293 shares during the last quarter. 86.57% of the stock is owned by institutional investors.

Insider Activity

In other Trinity Industries 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 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. The trade was a 7.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.60% of the stock is currently owned by insiders.

Trinity Industries Price Performance

Shares of TRN stock opened at $28.42 on Monday. 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 firm has a market capitalization of $2.32 billion, a price-to-earnings ratio of 17.33 and a beta of 1.50. The firm’s 50 day moving average is $33.13 and its 200-day moving average is $34.83. Trinity Industries, Inc. has a 1 year low of $25.89 and a 1 year high of $39.83.

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

Analysts Set New Price Targets

Separately, Susquehanna increased their target price on Trinity Industries from $34.00 to $35.00 and gave the stock a “neutral” rating in a 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.