Wealthfront Advisers LLC Purchases Shares of 2,966,834 Trinity Industries, Inc. (NYSE:TRN)

Wealthfront Advisers LLC purchased a new stake in Trinity Industries, Inc. (NYSE:TRN) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,966,834 shares of the transportation company’s stock, valued at approximately $104,136,000. Wealthfront Advisers LLC owned approximately 3.61% of Trinity Industries as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Amundi increased its position in shares of Trinity Industries by 186.1% during the 4th quarter. Amundi now owns 41,529 shares of the transportation company’s stock valued at $1,446,000 after purchasing an additional 27,014 shares during the last quarter. Edgestream Partners L.P. bought a new position in shares of Trinity Industries during the 4th quarter valued at about $4,024,000. Raymond James Financial Inc. bought a new position in shares of Trinity Industries during the 4th quarter valued at about $11,322,000. Arizona State Retirement System increased its position 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 valued at $840,000 after purchasing an additional 364 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Trinity Industries by 2.1% during the 4th quarter. Victory Capital Management Inc. now owns 314,828 shares of the transportation company’s stock valued at $11,050,000 after purchasing an additional 6,547 shares during the last quarter. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Insiders Place Their Bets

In other Trinity Industries news, EVP Gregory B. Mitchell sold 9,286 shares of the business’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 completion of the sale, the executive vice president now owns 111,879 shares of the company’s stock, valued at approximately $3,470,486.58. The trade was a 7.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.60% of the company’s stock.

Trinity Industries Price Performance

Shares of TRN stock opened at $29.25 on Tuesday. The firm has a market cap of $2.39 billion, a P/E ratio of 17.83 and a beta of 1.50. Trinity Industries, Inc. has a fifty-two week low of $25.17 and a fifty-two week high of $39.83. The business’s 50 day moving average price is $35.02 and its 200-day moving average price is $35.10. The company has a debt-to-equity ratio of 4.35, a quick ratio of 1.08 and a current ratio of 1.80.

Trinity Industries (NYSE:TRN) last issued its quarterly earnings data 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. 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%. On average, equities research analysts anticipate that Trinity Industries, Inc. will post 1.65 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on TRN. Susquehanna increased their price objective on Trinity Industries from $34.00 to $35.00 and gave the company a “neutral” rating in a research report on Monday, March 3rd. The Goldman Sachs Group began coverage on Trinity Industries in a research report on Monday, November 18th. They set a “neutral” rating and a $39.00 price target on the stock.

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.