Norges Bank Buys New Stake in Trinity Industries, Inc. (NYSE:TRN)

Norges Bank bought a new stake in shares of Trinity Industries, Inc. (NYSE:TRN - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 69,538 shares of the transportation company's stock, valued at approximately $2,441,000. Norges Bank owned about 0.08% of Trinity Industries at the end of the most recent reporting period.

Several other large investors have also modified their holdings of TRN. Wellington Shields Capital Management LLC acquired a new position in shares of Trinity Industries in the fourth quarter worth $35,000. Millstone Evans Group LLC bought a new stake in Trinity Industries in the fourth quarter valued at $54,000. Smartleaf Asset Management LLC boosted its holdings in shares of 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 acquiring an additional 713 shares in the last quarter. Jones Financial Companies Lllp raised its stake in shares of 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 acquiring an additional 398 shares during the last quarter. Finally, KBC Group NV boosted its holdings in Trinity Industries by 71.6% in the fourth quarter. KBC Group NV now owns 3,952 shares of the transportation company's stock valued at $139,000 after acquiring an additional 1,649 shares during the last quarter. 86.57% of the stock is owned by institutional investors.

Insider Activity at Trinity Industries

In other news, 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 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 represents a 7.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Separately, 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 Stock Up 1.3 %

NYSE:TRN traded up $0.32 on Thursday, hitting $25.20. The stock had a trading volume of 67,808 shares, compared to its average volume of 579,888. The firm's fifty day simple moving average is $29.52 and its two-hundred day simple moving average is $34.04. The company has a debt-to-equity ratio of 4.35, a quick ratio of 1.08 and a current ratio of 1.80. The stock has a market cap of $2.06 billion, a P/E ratio of 15.37 and a beta of 1.49. Trinity Industries, Inc. has a 1 year low of $23.50 and a 1 year high of $39.83.

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

Trinity Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be paid a $0.30 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.76%. Trinity Industries's dividend payout ratio (DPR) is currently 73.17%.

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.