Trinity Industries, Inc. (NYSE:TRN) Shares Acquired by MetLife Investment Management LLC

MetLife Investment Management LLC increased its position in shares of Trinity Industries, Inc. (NYSE:TRN) by 5.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 49,863 shares of the transportation company’s stock after acquiring an additional 2,718 shares during the quarter. MetLife Investment Management LLC owned approximately 0.06% of Trinity Industries worth $1,750,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of TRN. Barclays PLC boosted its holdings in Trinity Industries by 387.2% in the 3rd quarter. Barclays PLC now owns 179,500 shares of the transportation company’s stock valued at $6,254,000 after purchasing an additional 142,660 shares during the last quarter. Tidal Investments LLC raised its position in shares of Trinity Industries by 17.9% during the 3rd quarter. Tidal Investments LLC now owns 16,186 shares of the transportation company’s stock valued at $564,000 after buying an additional 2,456 shares during the period. Matrix Trust Co lifted its holdings in Trinity Industries by 599.3% in the fourth quarter. Matrix Trust Co now owns 4,923 shares of the transportation company’s stock valued at $173,000 after acquiring an additional 4,219 shares during the last quarter. Spring Capital Management LLC purchased a new position in Trinity Industries in the fourth quarter worth approximately $632,000. Finally, KBC Group NV increased its stake 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 acquiring an additional 1,649 shares during the last quarter. Institutional investors and hedge funds own 86.57% of the company’s stock.

Insider Activity at Trinity Industries

In other Trinity Industries news, EVP Gregory B. Mitchell sold 9,286 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $31.02, for a total transaction of $288,051.72. Following the sale, the executive vice president now owns 111,879 shares in the company, valued at $3,470,486.58. This represents a 7.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TRN. The Goldman Sachs Group decreased their price target on Trinity Industries from $36.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday, April 17th. Susquehanna lowered their target price on shares of Trinity Industries from $35.00 to $24.00 and set a “neutral” rating for the company in a research note on Tuesday, April 22nd.

Trinity Industries Stock Up 0.7 %

Shares of NYSE TRN opened at $25.05 on Wednesday. Trinity Industries, Inc. has a 52-week low of $23.50 and a 52-week high of $39.83. The business’s 50 day moving average is $27.75 and its two-hundred day moving average is $33.44. The firm has a market cap of $2.04 billion, a price-to-earnings ratio of 15.27 and a beta of 1.49. 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 (NYSE:TRN) last posted its earnings results on Thursday, February 20th. The transportation company reported $0.39 earnings per share (EPS) 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 analyst estimates of $589.30 million. Trinity Industries had a return on equity of 11.78% and a net margin of 4.49%. Research analysts predict that Trinity Industries, Inc. will post 1.65 EPS for the current year.

Trinity Industries Announces Dividend

The firm 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 4.79%. The ex-dividend date is Tuesday, April 15th. Trinity Industries’s payout ratio is 73.17%.

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.