Farringdon Capital Ltd. Takes $230,000 Position in Trinity Industries, Inc. (NYSE:TRN)

Farringdon Capital Ltd. acquired a new position in shares of Trinity Industries, Inc. (NYSE:TRN) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 6,566 shares of the transportation company’s stock, valued at approximately $230,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wellington Shields Capital Management LLC purchased a new stake in shares of Trinity Industries in the 4th quarter valued at $35,000. Smartleaf Asset Management LLC grew its position in Trinity Industries by 87.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,532 shares of the transportation company’s stock valued at $54,000 after acquiring an additional 713 shares in the last quarter. Millstone Evans Group LLC purchased a new stake in Trinity Industries during the fourth quarter worth about $54,000. Jones Financial Companies Lllp lifted its position in shares of Trinity Industries by 15.3% during the fourth quarter. Jones Financial Companies Lllp now owns 2,997 shares of the transportation company’s stock worth $105,000 after purchasing an additional 398 shares in the last quarter. Finally, KBC Group NV boosted its stake in shares of Trinity Industries by 71.6% in the fourth quarter. KBC Group NV now owns 3,952 shares of the transportation company’s stock valued at $139,000 after purchasing an additional 1,649 shares during the period. 86.57% of the stock is currently owned by hedge funds and other institutional investors.

Trinity Industries Stock Up 1.9 %

Shares of Trinity Industries stock opened at $25.35 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.80 and a debt-to-equity ratio of 4.35. Trinity Industries, Inc. has a 52-week low of $23.50 and a 52-week high of $39.83. The company has a market capitalization of $2.07 billion, a P/E ratio of 15.46 and a beta of 1.49. The company has a 50 day moving average of $29.05 and a 200 day moving average of $33.91.

Trinity Industries (NYSE:TRN) last issued 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 net margin of 4.49% and a return on equity of 11.78%. 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 forecast that Trinity Industries, Inc. will post 1.65 EPS for the current fiscal year.

Trinity Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $1.20 annualized dividend and a yield of 4.73%. Trinity Industries’s dividend payout ratio is currently 73.17%.

Insiders Place Their Bets

In related news, EVP Gregory B. Mitchell sold 9,286 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $31.02, for a total value of $288,051.72. Following the transaction, the executive vice president now directly owns 111,879 shares of the company’s stock, valued at $3,470,486.58. This trade represents a 7.66 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on TRN shares. The Goldman Sachs Group cut their target price on shares of Trinity Industries from $36.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday. Susquehanna upped their price objective 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 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.