Fox Run Management L.L.C. Purchases 5,847 Shares of Trinity Industries, Inc. (NYSE:TRN)

Fox Run Management L.L.C. increased its position in shares of Trinity Industries, Inc. (NYSE:TRN) by 52.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,053 shares of the transportation company’s stock after acquiring an additional 5,847 shares during the quarter. Fox Run Management L.L.C.’s holdings in Trinity Industries were worth $599,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Wealthfront Advisers LLC acquired a new position in shares of Trinity Industries during the fourth quarter worth $104,136,000. American Century Companies Inc. increased its position in Trinity Industries by 25.6% during the 4th quarter. American Century Companies Inc. now owns 2,187,366 shares of the transportation company’s stock valued at $76,777,000 after buying an additional 446,142 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Trinity Industries in the fourth quarter valued at about $11,322,000. Barclays PLC boosted its holdings in Trinity Industries by 387.2% in the third quarter. Barclays PLC now owns 179,500 shares of the transportation company’s stock worth $6,254,000 after acquiring an additional 142,660 shares in the last quarter. Finally, Edgestream Partners L.P. purchased a new stake in shares of Trinity Industries during the fourth quarter worth about $4,024,000. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Insider Transactions at Trinity Industries

In other 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 value of $288,051.72. Following the completion of the transaction, 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 position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

Separately, 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 note on Monday, March 3rd.

Trinity Industries Stock Performance

Shares of TRN opened at $29.64 on Tuesday. 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 stock has a 50-day moving average of $33.82 and a two-hundred day moving average of $34.88. The stock has a market cap of $2.42 billion, a P/E ratio of 18.07 and a beta of 1.50. Trinity Industries, Inc. has a one year low of $25.89 and a one year high of $39.83.

Trinity Industries (NYSE:TRN) last released its earnings results on Thursday, February 20th. The transportation company reported $0.39 EPS for the quarter, topping 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 firm had revenue of $629.40 million during the quarter, compared to the consensus estimate of $589.30 million. As a group, research analysts predict that Trinity Industries, Inc. will post 1.65 EPS for the current year.

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.