Los Angeles Capital Management LLC Purchases Shares of 39,916 Trinity Industries, Inc. (NYSE:TRN)

Los Angeles Capital Management LLC acquired a new stake in shares of Trinity Industries, Inc. (NYSE:TRN - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 39,916 shares of the transportation company's stock, valued at approximately $1,061,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Louisiana State Employees Retirement System bought a new position in shares of Trinity Industries in the fourth quarter worth about $1,090,000. Criterion Capital Advisors LLC acquired a new position in shares of Trinity Industries during the fourth quarter worth approximately $76,000. Charles Schwab Investment Management Inc. boosted its position in shares of Trinity Industries by 6.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,181,202 shares of the transportation company's stock valued at $28,762,000 after acquiring an additional 68,165 shares during the period. Jennison Associates LLC grew its stake in shares of Trinity Industries by 3.2% in the third quarter. Jennison Associates LLC now owns 4,720,106 shares of the transportation company's stock worth $114,935,000 after acquiring an additional 146,341 shares during the last quarter. Finally, Cullen Investment Group LTD. bought a new position in Trinity Industries during the fourth quarter worth $366,000. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently issued reports on TRN. TD Cowen boosted their price objective on shares of Trinity Industries from $30.00 to $33.00 and gave the stock a "buy" rating in a report on Thursday, May 2nd. Susquehanna upped their price target on Trinity Industries from $30.00 to $34.00 and gave the company a "positive" rating in a report on Thursday, May 2nd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $31.00.

Insider Buying and Selling at Trinity Industries

In other news, CFO Eric R. Marchetto sold 8,816 shares of the firm's stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $30.00, for a total transaction of $264,480.00. Following the sale, the chief financial officer now owns 224,888 shares of the company's stock, valued at $6,746,640. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Trinity Industries news, CFO Eric R. Marchetto sold 9,781 shares of the business's stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $28.00, for a total transaction of $273,868.00. Following the transaction, the chief financial officer now owns 233,704 shares of the company's stock, valued at approximately $6,543,712. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Eric R. Marchetto sold 8,816 shares of the stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $30.00, for a total value of $264,480.00. Following the transaction, the chief financial officer now owns 224,888 shares in the company, valued at approximately $6,746,640. The disclosure for this sale can be found here. Insiders own 1.60% of the company's stock.

Trinity Industries Trading Up 0.6 %

TRN stock traded up $0.19 during trading on Friday, hitting $31.25. The company had a trading volume of 304,908 shares, compared to its average volume of 513,279. The stock has a market cap of $2.56 billion, a price-to-earnings ratio of 20.76 and a beta of 1.39. The company has a quick ratio of 0.91, a current ratio of 1.88 and a debt-to-equity ratio of 4.55. Trinity Industries, Inc. has a 12 month low of $20.04 and a 12 month high of $31.27. The firm has a 50-day moving average price of $27.15 and a 200-day moving average price of $25.81.

Trinity Industries (NYSE:TRN - Get Free Report) last issued its earnings results on Wednesday, May 1st. The transportation company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.26 by $0.07. The company had revenue of $809.60 million during the quarter, compared to analysts' expectations of $750.97 million. Trinity Industries had a net margin of 3.98% and a return on equity of 10.93%. The business's revenue for the quarter was up 26.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.07 EPS. As a group, analysts predict that Trinity Industries, Inc. will post 1.46 earnings per share for the current year.

Trinity Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, April 12th. This represents a $1.12 annualized dividend and a yield of 3.58%. Trinity Industries's dividend payout ratio is presently 75.17%.

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.