Arrowstreet Capital Limited Partnership Purchases 184,603 Shares of Trinity Industries, Inc. (NYSE:TRN)

Arrowstreet Capital Limited Partnership lifted its position in shares of Trinity Industries, Inc. (NYSE:TRN) by 28.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 843,435 shares of the transportation company’s stock after purchasing an additional 184,603 shares during the period. Arrowstreet Capital Limited Partnership owned 1.03% of Trinity Industries worth $29,605,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in TRN. Wealthfront Advisers LLC bought a new stake in shares of Trinity Industries in the fourth quarter valued at about $104,136,000. American Century Companies Inc. raised its stake in Trinity Industries by 25.6% in the 4th quarter. American Century Companies Inc. now owns 2,187,366 shares of the transportation company’s stock worth $76,777,000 after purchasing an additional 446,142 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Trinity Industries in the 4th quarter valued at about $11,322,000. Barclays PLC grew its position in shares of Trinity Industries by 387.2% during the 3rd quarter. Barclays PLC now owns 179,500 shares of the transportation company’s stock worth $6,254,000 after purchasing an additional 142,660 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Trinity Industries by 55.8% in the fourth quarter. JPMorgan Chase & Co. now owns 353,189 shares of the transportation company’s stock valued at $12,397,000 after buying an additional 126,536 shares in the last quarter. 86.57% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Trinity Industries

In other news, EVP Gregory B. Mitchell sold 9,286 shares of the company’s 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 transaction, the executive vice president now directly owns 111,879 shares in the company, valued at approximately $3,470,486.58. This represents a 7.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.60% of the company’s stock.

Trinity Industries Price Performance

TRN stock opened at $28.82 on Thursday. The company’s 50-day moving average price is $32.53 and its two-hundred day moving average price is $34.74. Trinity Industries, Inc. has a 12 month low of $25.89 and a 12 month high of $39.83. The company has a quick ratio of 1.08, a current ratio of 1.80 and a debt-to-equity ratio of 4.35. The firm has a market cap of $2.36 billion, a P/E ratio of 17.57 and a beta of 1.48.

Trinity Industries (NYSE:TRN) last released its 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. 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 analysts’ expectations of $589.30 million. On average, analysts anticipate that Trinity Industries, Inc. will post 1.65 earnings per share for the current fiscal year.

Trinity Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 4.16%. The ex-dividend date of this dividend is Tuesday, April 15th. Trinity Industries’s payout ratio is 73.17%.

Wall Street Analysts Forecast Growth

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

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.