Edgestream Partners L.P. Makes New Investment in Trinity Industries, Inc. (NYSE:TRN)

Edgestream Partners L.P. purchased a new position in shares of Trinity Industries, Inc. (NYSE:TRN) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 114,655 shares of the transportation company’s stock, valued at approximately $4,024,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Sanctuary Advisors LLC lifted its stake in Trinity Industries by 3.5% during the third quarter. Sanctuary Advisors LLC now owns 10,005 shares of the transportation company’s stock worth $376,000 after purchasing an additional 338 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of Trinity Industries by 1.5% in the fourth quarter. Arizona State Retirement System now owns 23,928 shares of the transportation company’s stock worth $840,000 after buying an additional 364 shares during the period. Jones Financial Companies Lllp increased its holdings in shares of Trinity Industries by 15.3% in the fourth quarter. Jones Financial Companies Lllp now owns 2,997 shares of the transportation company’s stock worth $105,000 after buying an additional 398 shares during the period. Smartleaf Asset Management LLC increased its holdings in shares of Trinity Industries by 87.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,532 shares of the transportation company’s stock worth $54,000 after buying an additional 713 shares during the period. Finally, KBC Group NV increased its holdings in shares of Trinity Industries by 71.6% in the fourth quarter. KBC Group NV now owns 3,952 shares of the transportation company’s stock worth $139,000 after buying an additional 1,649 shares during the period. Institutional investors own 86.57% of the company’s stock.

Trinity Industries Stock Up 0.2 %

Shares of NYSE:TRN opened at $29.84 on Friday. Trinity Industries, Inc. has a 1 year low of $25.17 and a 1 year high of $39.83. The company has a market cap of $2.44 billion, a PE ratio of 18.19 and a beta of 1.50. The company has a debt-to-equity ratio of 4.35, a current ratio of 1.80 and a quick ratio of 1.08. The stock’s 50-day moving average is $35.15 and its 200 day moving average is $35.10.

Trinity Industries (NYSE:TRN) last announced its quarterly earnings results on Thursday, February 20th. The transportation company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. Trinity Industries had a return on equity of 11.78% and a net margin of 4.49%. The company had revenue of $629.40 million for the quarter, compared to the consensus estimate of $589.30 million. Sell-side analysts anticipate that Trinity Industries, Inc. will post 1.65 EPS for the current year.

Analyst Upgrades and Downgrades

TRN has been the topic of several analyst reports. Susquehanna lifted their price objective on Trinity Industries from $34.00 to $35.00 and gave the stock a “neutral” rating in a report on Monday, March 3rd. The Goldman Sachs Group initiated coverage on Trinity Industries in a report on Monday, November 18th. They issued a “neutral” rating and a $39.00 price objective on the stock.

Insider Activity at Trinity Industries

In other Trinity Industries news, EVP Gregory B. Mitchell sold 9,286 shares of Trinity Industries 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 sale, the executive vice president now directly owns 111,879 shares of the company’s stock, valued at approximately $3,470,486.58. The trade was a 7.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.60% of the stock is owned by company insiders.

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.