Mach 1 Financial Group LLC Buys Shares of 17,443 Trinity Industries, Inc. (NYSE:TRN)

Mach 1 Financial Group LLC bought a new stake in shares of Trinity Industries, Inc. (NYSE:TRN) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 17,443 shares of the transportation company’s stock, valued at approximately $464,000.

Several other large investors have also modified their holdings of TRN. Ramirez Asset Management Inc. purchased a new stake in shares of Trinity Industries in the third quarter valued at approximately $32,000. Huntington National Bank boosted its holdings in shares of Trinity Industries by 61.8% in the third quarter. Huntington National Bank now owns 1,382 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 528 shares during the period. Criterion Capital Advisors LLC purchased a new stake in shares of Trinity Industries in the fourth quarter valued at approximately $76,000. International Assets Investment Management LLC boosted its holdings in shares of Trinity Industries by 2,559.0% in the fourth quarter. International Assets Investment Management LLC now owns 7,977 shares of the transportation company’s stock valued at $212,000 after purchasing an additional 7,677 shares during the period. Finally, Quadrature Capital Ltd purchased a new stake in shares of Trinity Industries in the third quarter valued at approximately $216,000. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Insider Activity

In other Trinity Industries news, CFO Eric R. Marchetto sold 9,781 shares of the company’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $28.00, for a total value of $273,868.00. Following the sale, the chief financial officer now directly owns 233,704 shares of the company’s stock, valued at $6,543,712. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.60% of the company’s stock.

Trinity Industries Stock Up 8.5 %

Shares of TRN stock traded up $2.22 during trading hours on Wednesday, reaching $28.24. 366,560 shares of the company’s stock were exchanged, compared to its average volume of 497,858. The stock’s 50 day moving average is $26.40 and its 200-day moving average is $25.46. The company has a market cap of $2.31 billion, a price-to-earnings ratio of 22.55 and a beta of 1.39. The company has a current ratio of 1.91, a quick ratio of 0.78 and a debt-to-equity ratio of 4.51. Trinity Industries, Inc. has a fifty-two week low of $20.04 and a fifty-two week high of $28.86.

Trinity Industries (NYSE:TRN) last issued 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 business had revenue of $797.90 million for the quarter, compared to the consensus estimate of $749.25 million. Trinity Industries had a return on equity of 9.29% and a net margin of 3.55%. The business’s quarterly revenue was up 35.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.44 earnings per share. Analysts predict that Trinity Industries, Inc. will post 1.46 earnings per share for the current fiscal year.

Trinity Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.97%. The ex-dividend date was Friday, April 12th. Trinity Industries’s dividend payout ratio (DPR) is presently 88.89%.

Wall Street Analyst Weigh In

Separately, Susquehanna reduced their price objective on shares of Trinity Industries from $32.00 to $30.00 and set a “positive” rating for the company in a research note on Friday, February 23rd. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Trinity Industries presently has an average rating of “Moderate Buy” and a consensus price target of $29.00.

About Trinity Industries

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.