Charles Schwab Investment Management Inc. Sells 1,409 Shares of Trinity Industries, Inc. (NYSE:TRN)

Charles Schwab Investment Management Inc. cut its holdings in Trinity Industries, Inc. (NYSE:TRN) by 0.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,334,767 shares of the transportation company’s stock after selling 1,409 shares during the period. Charles Schwab Investment Management Inc. owned 1.62% of Trinity Industries worth $46,850,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Jennison Associates LLC lifted its holdings in shares of Trinity Industries by 0.5% during the 4th quarter. Jennison Associates LLC now owns 3,588,234 shares of the transportation company’s stock worth $125,947,000 after acquiring an additional 18,851 shares during the last quarter. State Street Corp raised its position in Trinity Industries by 2.3% in the 3rd quarter. State Street Corp now owns 3,226,026 shares of the transportation company’s stock worth $112,395,000 after purchasing an additional 73,183 shares during the period. Geode Capital Management LLC raised its position in Trinity Industries by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,848,591 shares of the transportation company’s stock worth $64,418,000 after purchasing an additional 24,832 shares during the period. 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 worth $14,066,000 after purchasing an additional 10,293 shares during the period. Finally, Royce & Associates LP raised its position in Trinity Industries by 8.2% in the 3rd quarter. Royce & Associates LP now owns 367,421 shares of the transportation company’s stock worth $12,801,000 after purchasing an additional 27,870 shares during the period. 86.57% of the stock is owned by institutional investors.

Insider Activity

In related news, EVP Gregory B. Mitchell sold 9,286 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $31.02, for a total transaction of $288,051.72. Following the sale, the executive vice president now owns 111,879 shares of the company’s stock, valued at $3,470,486.58. The trade was a 7.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.60% of the company’s stock.

Trinity Industries Price Performance

TRN stock opened at $29.16 on Friday. The firm’s 50-day moving average price is $34.53 and its two-hundred day moving average price is $34.97. The stock has a market capitalization of $2.38 billion, a price-to-earnings ratio of 17.78 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. Trinity Industries, Inc. has a 12-month low of $25.26 and a 12-month high of $39.83.

Trinity Industries (NYSE:TRN) last announced its earnings results on Thursday, February 20th. The transportation company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. The firm had revenue of $629.40 million for the quarter, compared to analyst estimates of $589.30 million. Trinity Industries had a net margin of 4.49% and a return on equity of 11.78%. As a group, equities analysts predict that Trinity Industries, Inc. will post 1.65 earnings per share for the current year.

Wall Street Analyst Weigh In

TRN has been the topic of a number of analyst reports. Susquehanna lifted their target price 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. The Goldman Sachs Group initiated coverage on shares of Trinity Industries in a research report on Monday, November 18th. They issued a “neutral” rating and a $39.00 price objective on the stock.

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.