16,600 Shares in Trinity Industries, Inc. (NYSE:TRN) Acquired by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS purchased a new stake in Trinity Industries, Inc. (NYSE:TRN) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 16,600 shares of the transportation company’s stock, valued at approximately $583,000.

Other institutional investors have also added to or reduced their stakes in the company. Wellington Shields Capital Management LLC acquired a new stake in shares of Trinity Industries during the 4th quarter worth approximately $35,000. Smartleaf Asset Management LLC raised its holdings in shares of Trinity Industries by 87.1% in the fourth 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 during the last quarter. Millstone Evans Group LLC purchased a new stake in Trinity Industries in the 4th quarter valued at about $54,000. Jones Financial Companies Lllp lifted its holdings in Trinity Industries by 15.3% during the fourth quarter. Jones Financial Companies Lllp now owns 2,997 shares of the transportation company’s stock worth $105,000 after acquiring an additional 398 shares during the period. Finally, KBC Group NV raised its stake in shares of Trinity Industries by 71.6% during the 4th quarter. KBC Group NV now owns 3,952 shares of the transportation company’s stock worth $139,000 after purchasing an additional 1,649 shares during the period. 86.57% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Insider Buying and Selling at Trinity Industries

In other news, EVP Gregory B. Mitchell sold 9,286 shares of the firm’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 owns 111,879 shares of the company’s stock, valued at $3,470,486.58. This trade represents a 7.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.60% of the stock is owned by corporate insiders.

Trinity Industries Trading Up 2.5 %

NYSE TRN opened at $28.82 on Thursday. The firm has a market capitalization of $2.36 billion, a PE ratio of 17.57 and a beta of 1.48. The stock’s 50 day moving average is $32.53 and its 200 day moving average is $34.74. Trinity Industries, Inc. has a twelve month low of $25.89 and a twelve month high of $39.83. The company has a quick ratio of 1.08, a current ratio of 1.80 and a debt-to-equity ratio of 4.35.

Trinity Industries (NYSE:TRN) last announced its quarterly earnings data on Thursday, February 20th. The transportation company reported $0.39 earnings per share (EPS) 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 business had revenue of $629.40 million during the quarter, compared to analysts’ expectations of $589.30 million. Research analysts forecast that Trinity Industries, Inc. will post 1.65 earnings per share for the current fiscal year.

Trinity Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 4.16%. The ex-dividend date of this dividend is Tuesday, April 15th. Trinity Industries’s payout ratio is currently 73.17%.

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.