American Century Companies Inc. Has $76.78 Million Position in Trinity Industries, Inc. (NYSE:TRN)

American Century Companies Inc. raised its stake in shares of Trinity Industries, Inc. (NYSE:TRN) by 25.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,187,366 shares of the transportation company’s stock after buying an additional 446,142 shares during the period. American Century Companies Inc.’s holdings in Trinity Industries were worth $76,777,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Sanctuary Advisors LLC grew its position in Trinity Industries by 3.5% in the 3rd quarter. Sanctuary Advisors LLC now owns 10,005 shares of the transportation company’s stock worth $376,000 after purchasing an additional 338 shares in the last quarter. Arizona State Retirement System increased its position in shares of Trinity Industries by 1.5% during the 4th quarter. Arizona State Retirement System now owns 23,928 shares of the transportation company’s stock valued at $840,000 after purchasing an additional 364 shares during the last quarter. Jones Financial Companies Lllp raised its stake in shares of Trinity Industries by 15.3% during the 4th quarter. Jones Financial Companies Lllp now owns 2,997 shares of the transportation company’s stock worth $105,000 after purchasing an additional 398 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of Trinity Industries by 87.1% in the 4th 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 last quarter. Finally, Wellington Shields Capital Management LLC bought a new position in Trinity Industries during the fourth quarter valued at about $35,000. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Insider Activity at Trinity Industries

In related news, EVP Gregory B. Mitchell sold 9,286 shares of the business’s stock in a transaction 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 in the company, valued at approximately $3,470,486.58. The trade was a 7.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, Susquehanna lifted 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.

Trinity Industries Stock Performance

Shares of TRN opened at $29.64 on Tuesday. 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 firm has a market cap of $2.42 billion, a PE ratio of 18.07 and a beta of 1.50. Trinity Industries, Inc. has a 1 year low of $25.89 and a 1 year high of $39.83. The stock’s fifty day moving average price is $33.82 and its two-hundred day moving average price is $34.88.

Trinity Industries (NYSE:TRN) last released its quarterly earnings data on Thursday, February 20th. The transportation company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.38 by $0.01. The business had revenue of $629.40 million for the quarter, compared to the consensus estimate of $589.30 million. Trinity Industries had a net margin of 4.49% and a return on equity of 11.78%. On average, equities research analysts forecast that Trinity Industries, Inc. will post 1.65 EPS for the current year.

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.