Gamco Investors INC. ET AL Sells 60,360 Shares of Trinity Industries, Inc. (NYSE:TRN)

Gamco Investors INC. ET AL lowered its position in shares of Trinity Industries, Inc. (NYSE:TRN) by 5.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,127,945 shares of the transportation company’s stock after selling 60,360 shares during the quarter. Gamco Investors INC. ET AL owned 1.37% of Trinity Industries worth $39,591,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the business. Wellington Shields Capital Management LLC bought a new position in shares of Trinity Industries in the fourth quarter valued at $35,000. 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 worth $54,000 after purchasing an additional 713 shares during the last quarter. Millstone Evans Group LLC bought a new stake in shares of Trinity Industries in the fourth quarter valued at about $54,000. Jones Financial Companies Lllp boosted its holdings 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 purchasing an additional 398 shares during the period. Finally, KBC Group NV grew its position in Trinity Industries by 71.6% during the fourth quarter. KBC Group NV now owns 3,952 shares of the transportation company’s stock worth $139,000 after buying an additional 1,649 shares in the last quarter. Institutional investors own 86.57% of the company’s stock.

Analysts Set New Price Targets

Separately, Susquehanna boosted their target price 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.

Trinity Industries Trading Up 1.2 %

Shares of Trinity Industries stock opened at $25.54 on Tuesday. The firm’s 50 day moving average is $30.01 and its 200 day moving average is $34.16. The firm has a market capitalization of $2.08 billion, a PE ratio of 15.57 and a beta of 1.49. Trinity Industries, Inc. has a 1 year low of $23.50 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 earnings results on Thursday, February 20th. The transportation company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. Trinity Industries had a net margin of 4.49% and a return on equity of 11.78%. The firm had revenue of $629.40 million for the quarter, compared to analysts’ expectations of $589.30 million. Equities research analysts forecast that Trinity Industries, Inc. will post 1.65 earnings per share for the current fiscal year.

Trinity Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 4.70%. The ex-dividend date is Tuesday, April 15th. Trinity Industries’s dividend payout ratio is currently 73.17%.

Insider Activity at Trinity Industries

In other news, EVP Gregory B. Mitchell sold 9,286 shares of the firm’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 owns 111,879 shares of the company’s stock, valued at approximately $3,470,486.58. This trade represents a 7.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.60% of the stock is owned by company 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.