1 week Ago By ABMN Staff
Norges Bank purchased a new position in Trinity Industries, Inc. ( NYSE:TRN – Free Report ) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 69,538 shares of the transportation company’s stock, valued at approximately $2,441,000.
Norges Bank owned approximately 0.08% of Trinity Industries as of its most recent filing with the Securities & Exchange Commission. A number of other institutional investors and hedge funds have also recently bought and sold shares of the business.
Wealthfront Advisers LLC acquired a new position in shares of Trinity Industries in the 4th quarter valued at approximately $104,136,000. American Century Companies Inc. increased its stake in shares of Trinity Industries by 25.
6% in the fourth quarter. American Century Companies Inc. now owns 2,187,366 shares of the transportation company’s stock worth $76,777,000 after buying an additional 446,142 shares during the last quarter.
Raymond James Financial Inc. acquired a new stake in Trinity Industries in the fourth quarter valued at $11,322,000. Barclays PLC raised its holdings in Trinity Industries by 387.
2% in the third quarter. Barclays PLC now owns 179,500 shares of the transportation company’s stock valued at $6,254,000 after acquiring an additional 142,660 shares in the last quarter. Finally, JPMorgan Chase & Co.
boosted its stake in Trinity Industries by 55.8% during the 4th quarter. JPMorgan Chase & Co.
now owns 353,189 shares of the transportation company’s stock valued at $12,397,000 after acquiring an additional 126,536 shares during the last quarter. Hedge funds and other 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 stock a “neutral” rating in a research report on Monday, March 3rd.
Insider Buying and Selling at Trinity Industries In other Trinity Industries news, EVP Gregory B. Mitchell sold 9,286 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $31.
02, for a total value of $288,051.72. Following the sale, the executive vice president now directly owns 111,879 shares in the company, 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 filing with the SEC, which can be accessed through this link . 1.60% of the stock is currently owned by insiders.
Trinity Industries Price Performance Shares of TRN opened at $25.22 on Friday. The company has a current ratio of 1.
80, a quick ratio of 1.08 and a debt-to-equity ratio of 4.35.
The firm has a market cap of $2.06 billion, a price-to-earnings ratio of 15.38 and a beta of 1.
49. Trinity Industries, Inc. has a 52 week low of $23.
50 and a 52 week high of $39.83. The stock has a 50 day moving average of $30.
26 and a 200-day moving average of $34.22. Trinity Industries ( NYSE:TRN – Get Free Report ) last released its quarterly earnings data on Thursday, February 20th.
The transportation company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.
01. The firm had revenue of $629.40 million during the quarter, compared to the consensus estimate of $589.
30 million. Trinity Industries had a net margin of 4.49% and a return on equity of 11.
78%. As a group, analysts forecast that Trinity Industries, Inc. will post 1.
65 EPS for the current 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 issued a $0.
30 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $1.
20 dividend on an annualized basis and a yield of 4.76%. Trinity Industries’s dividend payout ratio is currently 73.
17%. About Trinity Industries ( Free Report ) 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. See Also Receive News & Ratings for Trinity Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trinity Industries and related companies with MarketBeat.com's FREE daily email newsletter .
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