Icon Advisers Inc. Co. Sells 19,200 Shares of Trinity Industries, Inc. (NYSE:TRN)

Icon Advisers Inc. Co. cut its position in Trinity Industries, Inc. (NYSE:TRN - Free Report) by 8.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 214,228 shares of the transportation company's stock after selling 19,200 shares during the quarter. Trinity Industries accounts for about 1.7% of Icon Advisers Inc. Co.'s portfolio, making the stock its 4th largest holding. Icon Advisers Inc. Co. owned about 0.26% of Trinity Industries worth $7,519,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Summit Investment Advisors Inc. boosted its holdings in shares of Trinity Industries by 6.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 8,550 shares of the transportation company's stock valued at $300,000 after purchasing an additional 543 shares in the last quarter. Granite Investment Partners LLC acquired a new stake in Trinity Industries in the fourth quarter valued at about $14,532,000. Bank of Montreal Can grew its position in Trinity Industries by 8.9% in the fourth quarter. Bank of Montreal Can now owns 15,063 shares of the transportation company's stock valued at $529,000 after acquiring an additional 1,227 shares during the last quarter. Cerity Partners LLC raised its stake in Trinity Industries by 19.3% during the fourth quarter. Cerity Partners LLC now owns 14,603 shares of the transportation company's stock worth $510,000 after acquiring an additional 2,366 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in shares of Trinity Industries by 12.3% in the fourth quarter. Wells Fargo & Company MN now owns 75,345 shares of the transportation company's stock worth $2,645,000 after acquiring an additional 8,280 shares during the last quarter. Institutional investors own 86.57% of the company's stock.

Wall Street Analysts Forecast Growth

TRN has been the subject of a number of research analyst reports. Susquehanna upped their price objective on shares of Trinity Industries from $34.00 to $35.00 and gave the stock a "neutral" rating in a research report on Monday, March 3rd. The Goldman Sachs Group dropped their price target on Trinity Industries from $36.00 to $31.00 and set a "neutral" rating for the company in a research note on Thursday.

Trinity Industries Trading Up 1.9 %

NYSE TRN traded up $0.47 on Friday, hitting $25.35. The company's stock had a trading volume of 465,842 shares, compared to its average volume of 582,525. The company's 50-day moving average is $29.05 and its 200 day moving average is $33.91. The firm has a market cap of $2.07 billion, a PE ratio of 15.46 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. The company has a quick ratio of 1.08, a current ratio of 1.80 and a debt-to-equity ratio of 4.35.

Trinity Industries (NYSE:TRN - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $629.40 million during the quarter, compared to the consensus estimate of $589.30 million. Trinity Industries had a return on equity of 11.78% and a net margin of 4.49%. As a group, analysts predict that Trinity Industries, Inc. will post 1.65 earnings per share for the current fiscal year.

Trinity Industries Dividend Announcement

The company also recently disclosed 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. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.73%. The ex-dividend date of this dividend is Tuesday, April 15th. Trinity Industries's dividend payout ratio is currently 73.17%.

Insider Transactions at Trinity Industries

In related news, EVP Gregory B. Mitchell sold 9,286 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $31.02, for a total transaction of $288,051.72. Following the completion of 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.00% of the stock is currently owned by corporate insiders.

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.