Millstone Evans Group LLC Makes New $54,000 Investment in Trinity Industries, Inc. (NYSE:TRN)

Millstone Evans Group LLC bought a new position in shares of Trinity Industries, Inc. (NYSE:TRN) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,530 shares of the transportation company’s stock, valued at approximately $54,000.

Several other institutional investors have also recently bought and sold shares of the business. Jennison Associates LLC grew its holdings in shares of Trinity Industries by 0.5% during the fourth quarter. Jennison Associates LLC now owns 3,588,234 shares of the transportation company’s stock worth $125,947,000 after purchasing an additional 18,851 shares during the last quarter. State Street Corp grew its holdings in shares of Trinity Industries by 2.3% during the third quarter. State Street Corp now owns 3,226,026 shares of the transportation company’s stock worth $112,395,000 after purchasing an additional 73,183 shares during the last quarter. Wealthfront Advisers LLC bought a new stake in shares of Trinity Industries during the fourth quarter worth about $104,136,000. Geode Capital Management LLC grew its holdings in shares of Trinity Industries by 1.4% during the third quarter. Geode Capital Management LLC now owns 1,848,591 shares of the transportation company’s stock worth $64,418,000 after purchasing an additional 24,832 shares during the last quarter. Finally, Royce & Associates LP grew its holdings in shares of Trinity Industries by 12.0% during the fourth quarter. Royce & Associates LP now owns 411,431 shares of the transportation company’s stock worth $14,441,000 after purchasing an additional 44,010 shares during the last quarter. Institutional investors and hedge funds 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 company’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 111,879 shares in the company, valued at $3,470,486.58. This represents a 7.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Separately, Susquehanna boosted their price target on Trinity Industries from $34.00 to $35.00 and gave the stock a “neutral” rating in a report on Monday, March 3rd.

Trinity Industries Stock Performance

NYSE:TRN opened at $29.40 on Monday. The stock’s 50-day moving average is $33.95 and its 200-day moving average is $34.90. Trinity Industries, Inc. has a 1-year low of $25.89 and a 1-year high of $39.83. The stock has a market cap of $2.40 billion, a P/E ratio of 17.93 and a beta of 1.50. The company has a current ratio of 1.80, a quick ratio of 1.08 and a debt-to-equity ratio of 4.35.

Trinity Industries (NYSE:TRN) last announced its earnings results on Thursday, February 20th. The transportation company reported $0.39 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $589.30 million. Equities research analysts anticipate that Trinity Industries, Inc. will post 1.65 earnings per share 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.