Advisors Asset Management Inc. Sells 60,490 Shares of Trinity Industries, Inc. (NYSE:TRN)

Advisors Asset Management Inc. trimmed its position in Trinity Industries, Inc. (NYSE:TRN) by 29.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 141,573 shares of the transportation company’s stock after selling 60,490 shares during the quarter. Advisors Asset Management Inc. owned approximately 0.17% of Trinity Industries worth $4,969,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Sanctuary Advisors LLC raised its stake in Trinity Industries by 3.5% in the third quarter. Sanctuary Advisors LLC now owns 10,005 shares of the transportation company’s stock valued at $376,000 after buying an additional 338 shares during the period. Arizona State Retirement System increased its holdings in shares of Trinity Industries by 1.5% during the 4th quarter. Arizona State Retirement System now owns 23,928 shares of the transportation company’s stock worth $840,000 after acquiring an additional 364 shares during the last quarter. Jones Financial Companies Lllp raised its stake 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 valued at $105,000 after acquiring an additional 398 shares during the period. Smartleaf Asset Management LLC lifted its holdings in Trinity Industries by 87.1% during the 4th 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 last quarter. Finally, Wellington Shields Capital Management LLC bought a new position in Trinity Industries during the fourth quarter worth $35,000. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Trinity Industries Price Performance

Shares of NYSE TRN opened at $29.50 on Thursday. The business’s 50 day moving average is $34.17 and its 200-day moving average is $34.92. The firm has a market cap of $2.41 billion, a P/E ratio of 17.99 and a beta of 1.50. Trinity Industries, Inc. has a 1-year low of $25.65 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.

Trinity Industries (NYSE:TRN) last posted its quarterly earnings data 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 return on equity of 11.78% and a net margin of 4.49%. Equities research analysts predict that Trinity Industries, Inc. will post 1.65 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Gregory B. Mitchell sold 9,286 shares of the business’s stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 111,879 shares in the company, valued at approximately $3,470,486.58. The trade was a 7.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 1.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Separately, Susquehanna increased their price objective on shares of Trinity Industries from $34.00 to $35.00 and gave the company a “neutral” rating in a research report on Monday, March 3rd.

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.