Trinity Industries, Inc. (NYSE:TRN) EVP Gregory B. Mitchell Sells 9,286 Shares

Trinity Industries, Inc. (NYSE:TRN) EVP Gregory B. Mitchell sold 9,286 shares of the stock in a transaction that occurred on 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 directly owns 111,879 shares of the company’s stock, valued at $3,470,486.58. This 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.

Trinity Industries Trading Down 0.2 %

Shares of TRN opened at $29.77 on Friday. The company has a debt-to-equity ratio of 4.35, a current ratio of 1.80 and a quick ratio of 1.08. Trinity Industries, Inc. has a 1 year low of $25.17 and a 1 year high of $39.83. The company has a 50 day simple moving average of $35.26 and a two-hundred day simple moving average of $35.10. The firm has a market cap of $2.44 billion, a P/E ratio of 18.15 and a beta of 1.40.

Trinity Industries (NYSE:TRN) last announced its quarterly earnings data on Thursday, February 20th. The transportation company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. The business had revenue of $629.40 million during the quarter, compared to analyst estimates of $589.30 million. Trinity Industries had a net margin of 4.49% and a return on equity of 11.78%. On average, equities analysts expect that Trinity Industries, Inc. will post 1.65 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have issued reports on TRN. The Goldman Sachs Group began coverage on shares of Trinity Industries in a report on Monday, November 18th. They set a “neutral” rating and a $39.00 price objective for the company. Susquehanna increased their price objective on shares of Trinity Industries from $34.00 to $35.00 and gave the company a “neutral” rating in a report on Monday.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of TRN. Wealthfront Advisers LLC bought a new position in shares of Trinity Industries during the 4th quarter valued at approximately $104,136,000. American Century Companies Inc. boosted its position in shares of Trinity Industries by 25.6% during the 4th quarter. American Century Companies Inc. now owns 2,187,366 shares of the transportation company’s stock valued at $76,777,000 after acquiring an additional 446,142 shares during the last quarter. Granite Investment Partners LLC bought a new position in shares of Trinity Industries during the 4th quarter valued at approximately $14,532,000. Raymond James Financial Inc. bought a new position in shares of Trinity Industries during the 4th quarter valued at approximately $11,322,000. Finally, Northern Trust Corp boosted its position in shares of Trinity Industries by 33.6% during the 4th quarter. Northern Trust Corp now owns 1,172,036 shares of the transportation company’s stock valued at $41,138,000 after acquiring an additional 295,054 shares during the last quarter. 86.57% of the stock is currently owned by institutional investors.

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.