Royce & Associates LP Buys 44,010 Shares of Trinity Industries, Inc. (NYSE:TRN)

Royce & Associates LP lifted its stake in shares of Trinity Industries, Inc. (NYSE:TRN) by 12.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 411,431 shares of the transportation company’s stock after purchasing an additional 44,010 shares during the quarter. Royce & Associates LP owned 0.50% of Trinity Industries worth $14,441,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Wellington Shields Capital Management LLC bought a new stake in shares of Trinity Industries during the 4th quarter valued at approximately $35,000. Swiss National Bank boosted its position in Trinity Industries by 1.5% during the 4th quarter. Swiss National Bank now owns 162,200 shares of the transportation company’s stock worth $5,693,000 after buying an additional 2,400 shares during the period. Wealthfront Advisers LLC acquired a new stake in Trinity Industries during the 4th quarter worth approximately $104,136,000. Amundi boosted its position in Trinity Industries by 186.1% during the 4th quarter. Amundi now owns 41,529 shares of the transportation company’s stock worth $1,446,000 after buying an additional 27,014 shares during the period. Finally, Edgestream Partners L.P. acquired a new stake in Trinity Industries during the 4th quarter worth approximately $4,024,000. 86.57% of the stock is owned by institutional investors.

Analyst Ratings Changes

TRN has been the topic of several recent research 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 began coverage on shares of Trinity Industries in a research report on Monday, November 18th. They issued a “neutral” rating and a $39.00 price target on the stock.

Trinity Industries Stock Up 1.0 %

Shares of NYSE TRN opened at $29.47 on Tuesday. The company has a market capitalization of $2.41 billion, a P/E ratio of 17.97 and a beta of 1.50. Trinity Industries, Inc. has a 52-week low of $25.65 and a 52-week high of $39.83. The company has a debt-to-equity ratio of 4.35, a quick ratio of 1.08 and a current ratio of 1.80. The company’s 50 day moving average price is $34.40 and its 200-day moving average price is $34.98.

Trinity Industries (NYSE:TRN) last released its quarterly earnings data on Thursday, February 20th. The transportation company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.01. The company had revenue of $629.40 million during 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%. Equities analysts forecast that Trinity Industries, Inc. will post 1.65 earnings per share for the current year.

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 value of $288,051.72. Following the completion of the sale, the executive vice president now owns 111,879 shares in the company, valued at $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 available through this link. 1.60% of the stock is currently owned by company insiders.

Trinity Industries Company 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.