Sequoia Financial Advisors LLC Purchases Shares of 8,962 Trinity Industries, Inc. (NYSE:TRN)

Sequoia Financial Advisors LLC purchased a new stake in Trinity Industries, Inc. (NYSE:TRN) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 8,962 shares of the transportation company’s stock, valued at approximately $238,000.

A number of other hedge funds have also recently bought and sold shares of TRN. Vanguard Group Inc. grew its stake in Trinity Industries by 9.8% in the third quarter. Vanguard Group Inc. now owns 9,515,622 shares of the transportation company’s stock valued at $203,159,000 after purchasing an additional 849,142 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Trinity Industries by 5.7% during the 2nd quarter. BlackRock Inc. now owns 14,245,701 shares of the transportation company’s stock worth $366,257,000 after acquiring an additional 773,045 shares during the period. Norges Bank bought a new position in shares of Trinity Industries during the 4th quarter worth approximately $21,951,000. Millennium Management LLC bought a new position in shares of Trinity Industries during the 4th quarter worth approximately $7,828,000. Finally, Osaic Holdings Inc. boosted its stake in shares of Trinity Industries by 1,287.4% during the 2nd quarter. Osaic Holdings Inc. now owns 246,950 shares of the transportation company’s stock worth $411,000 after acquiring an additional 229,150 shares during the period. 86.57% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Susquehanna reduced their target price on Trinity Industries from $32.00 to $30.00 and set a “positive” rating for the company in a research note on Friday, February 23rd. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $29.00.

Trinity Industries Stock Performance

Shares of NYSE TRN opened at $26.47 on Friday. The company has a current ratio of 1.91, a quick ratio of 0.78 and a debt-to-equity ratio of 4.51. Trinity Industries, Inc. has a 12 month low of $20.04 and a 12 month high of $28.86. The stock has a 50 day moving average of $26.36 and a 200-day moving average of $25.16. The company has a market capitalization of $2.17 billion, a P/E ratio of 21.01 and a beta of 1.39.

Trinity Industries (NYSE:TRN) last released its quarterly earnings results on Thursday, February 22nd. The transportation company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.16. The business had revenue of $797.90 million during the quarter, compared to the consensus estimate of $749.25 million. Trinity Industries had a return on equity of 9.29% and a net margin of 3.55%. The firm’s quarterly revenue was up 35.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.44 EPS. As a group, equities research analysts predict that Trinity Industries, Inc. will post 1.46 EPS for the current year.

Trinity Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, April 15th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Friday, April 12th. This represents a $1.12 annualized dividend and a yield of 4.23%. Trinity Industries’s dividend payout ratio (DPR) is presently 88.89%.

Insider Activity at Trinity Industries

In related news, CFO Eric R. Marchetto sold 9,781 shares of the business’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $28.00, for a total value of $273,868.00. Following the completion of the sale, the chief financial officer now directly owns 233,704 shares in the company, valued at approximately $6,543,712. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.20% of the stock is currently owned by corporate insiders.

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.