Dark Forest Capital Management LP Invests $495,000 in Trinity Industries, Inc. (NYSE:TRN)

Dark Forest Capital Management LP acquired a new stake in shares of Trinity Industries, Inc. (NYSE:TRN - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 14,090 shares of the transportation company's stock, valued at approximately $495,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wellington Shields Capital Management LLC bought a new position in Trinity Industries during the fourth quarter valued at $35,000. Smartleaf Asset Management LLC grew its holdings in Trinity Industries by 87.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,532 shares of the transportation company's stock valued at $54,000 after purchasing an additional 713 shares during the last quarter. Millstone Evans Group LLC purchased a new stake in Trinity Industries in the 4th quarter worth about $54,000. Jones Financial Companies Lllp lifted its stake in Trinity Industries by 15.3% in the fourth quarter. Jones Financial Companies Lllp now owns 2,997 shares of the transportation company's stock worth $105,000 after purchasing an additional 398 shares during the last quarter. Finally, KBC Group NV lifted its stake in Trinity Industries by 71.6% in the fourth quarter. KBC Group NV now owns 3,952 shares of the transportation company's stock worth $139,000 after purchasing an additional 1,649 shares during the last quarter. 86.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TRN has been the topic of several recent analyst reports. Susquehanna reduced their price target on Trinity Industries from $35.00 to $24.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. The Goldman Sachs Group reduced their target price 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.

Insider Activity

In related news, EVP Gregory B. Mitchell sold 9,286 shares of the firm'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 of the company's stock, valued at $3,470,486.58. This trade represents a 7.66 % decrease in their ownership of the stock. 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.

Trinity Industries Trading Up 2.2 %

TRN stock traded up $0.55 during mid-day trading on Friday, reaching $24.93. The company had a trading volume of 166,078 shares, compared to its average volume of 568,521. The company has a market capitalization of $2.03 billion, a PE ratio of 15.24 and a beta of 1.49. The firm has a 50 day moving average of $27.53 and a 200 day moving average of $33.30. Trinity Industries, Inc. has a 12 month low of $23.01 and a 12 month high of $39.83. 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 (NYSE:TRN - Get Free Report) last posted its earnings results on Thursday, May 1st. The transportation company reported $0.29 EPS for the quarter, missing analysts' consensus estimates of $0.33 by ($0.04). Trinity Industries had a net margin of 4.49% and a return on equity of 11.78%. The business had revenue of $585.40 million for the quarter, compared to analysts' expectations of $614.02 million. During the same period last year, the business posted $0.33 EPS. The company's revenue for the quarter was down 27.7% on a year-over-year basis. On average, equities analysts predict that Trinity Industries, Inc. will post 1.65 earnings per share for the current fiscal year.

Trinity Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th were given a dividend of $0.30 per share. The ex-dividend date was Tuesday, April 15th. This represents a $1.20 annualized dividend and a yield of 4.81%. Trinity Industries's dividend payout ratio (DPR) is presently 73.17%.

Trinity Industries 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.