Natixis Advisors LLC Sells 2,725 Shares of Trinity Industries, Inc. (NYSE:TRN)

Natixis Advisors LLC cut its position in Trinity Industries, Inc. (NYSE:TRN) by 5.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,599 shares of the transportation company’s stock after selling 2,725 shares during the quarter. Natixis Advisors LLC owned about 0.06% of Trinity Industries worth $1,671,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in TRN. Wellington Shields Capital Management LLC bought a new stake in Trinity Industries in the 4th quarter valued at about $35,000. Smartleaf Asset Management LLC raised its position 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 period. Jones Financial Companies Lllp boosted its holdings in Trinity Industries by 15.3% in the 4th quarter. Jones Financial Companies Lllp now owns 2,997 shares of the transportation company’s stock worth $105,000 after buying an additional 398 shares during the period. KBC Group NV grew its stake in Trinity Industries by 71.6% in the 4th quarter. KBC Group NV now owns 3,952 shares of the transportation company’s stock valued at $139,000 after buying an additional 1,649 shares in the last quarter. Finally, Matrix Trust Co raised its holdings in Trinity Industries by 599.3% during the 4th quarter. Matrix Trust Co now owns 4,923 shares of the transportation company’s stock valued at $173,000 after acquiring an additional 4,219 shares during the period. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Insider Activity

In other news, EVP Gregory B. Mitchell sold 9,286 shares of Trinity Industries stock in a transaction on Monday, March 3rd. The shares were 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.60% of the company’s stock.

Trinity Industries Stock Performance

Trinity Industries stock opened at $29.64 on Tuesday. Trinity Industries, Inc. has a 1-year low of $25.89 and a 1-year high of $39.83. 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 $2.42 billion, a PE ratio of 18.07 and a beta of 1.50. The firm’s 50 day simple moving average is $33.82 and its 200 day simple moving average is $34.88.

Trinity Industries (NYSE:TRN) last released its quarterly earnings results on Thursday, February 20th. The transportation company reported $0.39 earnings per share 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 analysts’ expectations of $589.30 million. Trinity Industries had a net margin of 4.49% and a return on equity of 11.78%. As a group, analysts expect that Trinity Industries, Inc. will post 1.65 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Susquehanna raised their price target 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.