Louisiana State Employees Retirement System Makes New $1.09 Million Investment in Trinity Industries, Inc. (NYSE:TRN)

Louisiana State Employees Retirement System acquired a new stake in Trinity Industries, Inc. (NYSE:TRN - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 41,000 shares of the transportation company's stock, valued at approximately $1,090,000. Louisiana State Employees Retirement System owned 0.05% of Trinity Industries at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. Jennison Associates LLC increased its position in Trinity Industries by 3.2% in the 3rd quarter. Jennison Associates LLC now owns 4,720,106 shares of the transportation company's stock valued at $114,935,000 after acquiring an additional 146,341 shares during the period. Gamco Investors INC. ET AL raised its position in Trinity Industries by 9.1% during the 3rd quarter. Gamco Investors INC. ET AL now owns 1,217,163 shares of the transportation company's stock worth $29,638,000 after purchasing an additional 102,000 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Trinity Industries by 6.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,181,202 shares of the transportation company's stock worth $28,762,000 after buying an additional 68,165 shares during the period. Northern Trust Corp grew its position in shares of Trinity Industries by 0.4% in the 3rd quarter. Northern Trust Corp now owns 884,060 shares of the transportation company's stock valued at $21,527,000 after buying an additional 3,801 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in shares of Trinity Industries by 8.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 569,484 shares of the transportation company's stock valued at $13,867,000 after buying an additional 46,396 shares during the last quarter. Institutional investors own 86.57% of the company's stock.

Analysts Set New Price Targets

Separately, Susquehanna cut their price objective on Trinity Industries from $32.00 to $30.00 and set a "positive" rating on the stock in a research note on Friday, February 23rd. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Trinity Industries currently has a consensus rating of "Moderate Buy" and a consensus price target of $29.00.

Insider Transactions at Trinity Industries

In other Trinity Industries news, CFO Eric R. Marchetto sold 9,781 shares of the stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $28.00, for a total value of $273,868.00. Following the transaction, the chief financial officer now owns 233,704 shares in the company, valued at $6,543,712. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.20% of the company's stock.

Trinity Industries Trading Up 1.5 %

Trinity Industries stock traded up $0.40 during trading hours on Wednesday, reaching $27.16. 621,725 shares of the company's stock were exchanged, compared to its average volume of 491,905. The firm's 50 day simple moving average is $26.37 and its 200 day simple moving average is $25.29. Trinity Industries, Inc. has a twelve month low of $20.04 and a twelve month high of $28.86. The company has a quick ratio of 0.78, a current ratio of 1.91 and a debt-to-equity ratio of 4.51. The firm has a market capitalization of $2.22 billion, a PE ratio of 21.56 and a beta of 1.39.

Trinity Industries (NYSE:TRN - Get Free Report) last posted its quarterly earnings results on Thursday, February 22nd. The transportation company reported $0.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.66 by $0.16. The firm had revenue of $797.90 million for the quarter, compared to analysts' expectations of $749.25 million. Trinity Industries had a return on equity of 9.29% and a net margin of 3.55%. The company's revenue for the quarter was up 35.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.44 EPS. Research analysts predict that Trinity Industries, Inc. will post 1.46 earnings per share for the current year.

Trinity Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 4.12%. The ex-dividend date is Friday, April 12th. Trinity Industries's dividend payout ratio (DPR) is currently 88.89%.

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.