1,000 Shares in Trinity Industries, Inc. (NYSE:TRN) Purchased by Wellington Shields Capital Management LLC

Wellington Shields Capital Management LLC purchased a new stake in Trinity Industries, Inc. (NYSE:TRN) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,000 shares of the transportation company’s stock, valued at approximately $35,000.

Several other hedge funds have also bought and sold shares of TRN. Atria Investments Inc purchased a new stake in Trinity Industries during the third quarter worth $270,000. Crossmark Global Holdings Inc. purchased a new stake in shares of Trinity Industries during the 3rd quarter worth about $204,000. Royce & Associates LP grew its position in shares of Trinity Industries by 8.2% during the 3rd quarter. Royce & Associates LP now owns 367,421 shares of the transportation company’s stock valued at $12,801,000 after acquiring an additional 27,870 shares during the period. Chesapeake Capital Corp IL grew its position in shares of Trinity Industries by 17.9% during the 3rd quarter. Chesapeake Capital Corp IL now owns 16,186 shares of the transportation company’s stock valued at $556,000 after acquiring an additional 2,456 shares during the period. Finally, Advisors Asset Management Inc. increased its stake in shares of Trinity Industries by 6.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 202,063 shares of the transportation company’s stock valued at $7,040,000 after purchasing an additional 12,658 shares in 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 firm’s stock in a transaction that occurred 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 document filed with the SEC, which is available through this hyperlink. 1.60% of the stock is currently owned by corporate insiders.

Trinity Industries Trading Up 0.9 %

Shares of Trinity Industries stock opened at $29.16 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. Trinity Industries, Inc. has a twelve month low of $25.26 and a twelve month high of $39.83. The firm has a market capitalization of $2.38 billion, a PE ratio of 17.78 and a beta of 1.50. The firm’s 50-day moving average price is $34.53 and its 200 day moving average price is $34.97.

Trinity Industries (NYSE:TRN) last released its earnings results on Thursday, February 20th. The transportation company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.01. The business had revenue of $629.40 million for the quarter, compared to the consensus estimate of $589.30 million. Trinity Industries had a return on equity of 11.78% and a net margin of 4.49%. On average, sell-side analysts predict that Trinity Industries, Inc. will post 1.65 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

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.