Trinity Industries, Inc. (NYSE:TRN) Shares Sold by Atlantic Union Bankshares Corp

Atlantic Union Bankshares Corp trimmed its holdings in shares of Trinity Industries, Inc. (NYSE:TRN) by 4.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 17,050 shares of the transportation company’s stock after selling 876 shares during the period. Atlantic Union Bankshares Corp’s holdings in Trinity Industries were worth $598,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Smartleaf Asset Management LLC raised its stake in shares of Trinity Industries by 87.1% during 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 period. Jones Financial Companies Lllp raised its stake in Trinity Industries by 15.3% in the 4th quarter. Jones Financial Companies Lllp now owns 2,997 shares of the transportation company’s stock valued at $105,000 after purchasing an additional 398 shares during the last quarter. KBC Group NV raised its stake in Trinity Industries by 71.6% in the 4th quarter. KBC Group NV now owns 3,952 shares of the transportation company’s stock valued at $139,000 after purchasing an additional 1,649 shares during the last quarter. Matrix Trust Co raised its stake in Trinity Industries by 599.3% in the 4th quarter. Matrix Trust Co now owns 4,923 shares of the transportation company’s stock valued at $173,000 after purchasing an additional 4,219 shares during the last quarter. Finally, Crossmark Global Holdings Inc. acquired a new position in Trinity Industries in the 3rd quarter valued at $204,000. 86.57% of the stock is owned by institutional investors and hedge funds.

Trinity Industries Stock Up 0.2 %

Shares of TRN opened at $29.84 on Friday. Trinity Industries, Inc. has a 52-week low of $25.17 and a 52-week high of $39.83. The company has a market capitalization of $2.44 billion, a PE ratio of 18.19 and a beta of 1.50. The stock has a fifty day simple moving average of $35.15 and a two-hundred day simple moving average of $35.10. 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) last issued its earnings results on Thursday, February 20th. The transportation company reported $0.39 earnings per share (EPS) for the quarter, topping 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 business had revenue of $629.40 million during the quarter, compared to the consensus estimate of $589.30 million. As a group, equities analysts forecast that Trinity Industries, Inc. will post 1.65 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently commented on TRN shares. The Goldman Sachs Group started coverage on Trinity Industries in a research note on Monday, November 18th. They issued a “neutral” rating and a $39.00 price objective for the company. Susquehanna increased their price objective on Trinity Industries from $34.00 to $35.00 and gave the company a “neutral” rating in a research note on Monday, March 3rd.

Insiders Place Their Bets

In other Trinity Industries news, EVP Gregory B. Mitchell sold 9,286 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $31.02, for a total value of $288,051.72. Following the completion of the sale, the executive vice president now directly owns 111,879 shares of the company’s stock, valued at $3,470,486.58. This trade represents a 7.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

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.