Trinity Industries, Inc. (NYSE:TRN) CFO Eric R. Marchetto Sells 8,816 Shares of Stock

Trinity Industries, Inc. (NYSE:TRN) CFO Eric R. Marchetto sold 8,816 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $30.00, for a total value of $264,480.00. Following the completion of the transaction, the chief financial officer now owns 224,888 shares in the company, valued at $6,746,640. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Trinity Industries Stock Up 0.2 %

Shares of NYSE TRN opened at $30.50 on Tuesday. The firm has a market cap of $2.50 billion, a price-to-earnings ratio of 20.47 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 52-week low of $20.04 and a 52-week high of $31.00. The business’s 50 day moving average is $26.79 and its two-hundred day moving average is $25.67.

Trinity Industries (NYSE:TRN) last posted its quarterly earnings data on Wednesday, May 1st. The transportation company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.07. Trinity Industries had a return on equity of 10.93% and a net margin of 3.98%. The business had revenue of $809.60 million for the quarter, compared to analyst estimates of $750.97 million. During the same quarter in the prior year, the company earned $0.07 earnings per share. The company’s revenue was up 26.2% on a year-over-year basis. Research analysts predict that Trinity Industries, Inc. will post 1.46 EPS for the current year.

Trinity Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date of this dividend was Friday, April 12th. Trinity Industries’s dividend payout ratio is currently 75.17%.

Hedge Funds Weigh In On Trinity Industries

Large investors have recently bought and sold shares of the business. Louisiana State Employees Retirement System purchased a new position in Trinity Industries in the fourth quarter valued at $1,090,000. Criterion Capital Advisors LLC purchased a new position in Trinity Industries in the fourth quarter valued at $76,000. Charles Schwab Investment Management Inc. increased its holdings in 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 buying an additional 68,165 shares during the last quarter. Jennison Associates LLC increased its holdings in Trinity Industries by 3.2% in the third quarter. Jennison Associates LLC now owns 4,720,106 shares of the transportation company’s stock valued at $114,935,000 after buying an additional 146,341 shares during the last quarter. Finally, Cullen Investment Group LTD. purchased a new position in Trinity Industries in the fourth quarter valued at $366,000. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. TD Cowen upped their price objective on Trinity Industries from $30.00 to $33.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Susquehanna boosted their target price on Trinity Industries from $30.00 to $34.00 and gave the company a “positive” rating in a research report on Thursday, May 2nd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $31.00.

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.