Trinity Industries, Inc. (NYSE:TRN) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. cut its position in Trinity Industries, Inc. (NYSE:TRN - Free Report) by 9.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 108,685 shares of the transportation company's stock after selling 11,151 shares during the period. Envestnet Asset Management Inc. owned about 0.13% of Trinity Industries worth $3,815,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sanctuary Advisors LLC grew its holdings in Trinity Industries by 3.5% during the 3rd quarter. Sanctuary Advisors LLC now owns 10,005 shares of the transportation company's stock valued at $376,000 after buying an additional 338 shares in the last quarter. Arizona State Retirement System grew its stake in Trinity Industries by 1.5% during the fourth quarter. Arizona State Retirement System now owns 23,928 shares of the transportation company's stock valued at $840,000 after acquiring an additional 364 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in Trinity Industries by 15.3% in the 4th quarter. Jones Financial Companies Lllp now owns 2,997 shares of the transportation company's stock valued at $105,000 after acquiring an additional 398 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in Trinity Industries by 87.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,532 shares of the transportation company's stock worth $54,000 after purchasing an additional 713 shares in the last quarter. Finally, Everstar Asset Management LLC boosted its holdings in shares of Trinity Industries by 6.2% during the 4th quarter. Everstar Asset Management LLC now owns 13,994 shares of the transportation company's stock valued at $491,000 after purchasing an additional 813 shares during the last quarter. 86.57% of the stock is currently owned by institutional investors.

Insider Transactions at Trinity Industries

In other Trinity Industries news, EVP Gregory B. Mitchell sold 9,286 shares of Trinity Industries stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $31.02, for a total value of $288,051.72. Following the transaction, the executive vice president now owns 111,879 shares in the company, valued at $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 Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.00% of the company's stock.

Trinity Industries Stock Performance

Shares of NYSE TRN remained flat at $25.05 during mid-day trading on Wednesday. 639,908 shares of the stock were exchanged, compared to its average volume of 573,065. Trinity Industries, Inc. has a 12-month low of $23.50 and a 12-month high of $39.83. The stock's 50 day moving average price is $27.75 and its 200-day moving average price is $33.44. The firm has a market cap of $2.04 billion, a PE ratio of 15.27 and a beta of 1.49. 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 - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The transportation company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.01. The company had revenue of $629.40 million for the quarter, compared to analysts' expectations of $589.30 million. Trinity Industries had a return on equity of 11.78% and a net margin of 4.49%. As a group, equities research analysts forecast that Trinity Industries, Inc. will post 1.65 earnings per share 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 given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 4.79%. The ex-dividend date is Tuesday, April 15th. Trinity Industries's dividend payout ratio (DPR) is 73.17%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on TRN shares. The Goldman Sachs Group reduced their price target on shares of Trinity Industries from $36.00 to $31.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. Susquehanna cut their price target on shares of Trinity Industries from $35.00 to $24.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd.

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.