Everstar Asset Management LLC Has $491,000 Stock Position in Trinity Industries, Inc. (NYSE:TRN)

Everstar Asset Management LLC raised its stake in Trinity Industries, Inc. (NYSE:TRN) by 6.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 13,994 shares of the transportation company’s stock after buying an additional 813 shares during the quarter. Everstar Asset Management LLC’s holdings in Trinity Industries were worth $491,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Intech Investment Management LLC acquired a new stake in Trinity Industries in the third quarter valued at approximately $572,000. Citigroup Inc. boosted its holdings in Trinity Industries by 81.5% in the third quarter. Citigroup Inc. now owns 115,775 shares of the transportation company’s stock worth $4,034,000 after purchasing an additional 51,988 shares in the last quarter. Cerity Partners LLC increased its position in Trinity Industries by 28.0% during the third quarter. Cerity Partners LLC now owns 12,237 shares of the transportation company’s stock worth $426,000 after buying an additional 2,680 shares during the last quarter. FMR LLC raised its holdings in Trinity Industries by 23.9% during the third quarter. FMR LLC now owns 116,755 shares of the transportation company’s stock valued at $4,068,000 after buying an additional 22,522 shares in the last quarter. Finally, Quantbot Technologies LP bought a new stake in shares of Trinity Industries during the 3rd quarter worth about $293,000. Institutional investors and hedge funds own 86.57% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Susquehanna boosted their target price 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 NYSE:TRN opened at $28.42 on Monday. The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of 17.33 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 business’s fifty day moving average price is $33.13 and its two-hundred day moving average price is $34.83. Trinity Industries, Inc. has a fifty-two week low of $25.89 and a fifty-two week high of $39.83.

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

Insiders Place Their Bets

In related news, EVP Gregory B. Mitchell sold 9,286 shares of the company’s stock in a transaction dated 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 owns 111,879 shares in the company, valued at approximately $3,470,486.58. This represents a 7.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company 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.