Tokio Marine Asset Management Co. Ltd. Purchases 800 Shares of Trinity Industries Inc (NYSE:TRN)

Tokio Marine Asset Management Co. Ltd. boosted its position in Trinity Industries Inc (NYSE:TRN) by 4.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,600 shares of the transportation company’s stock after purchasing an additional 800 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Trinity Industries were worth $365,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in TRN. First Hawaiian Bank acquired a new position in shares of Trinity Industries during the first quarter valued at about $62,000. Private Capital Group LLC increased its holdings in shares of Trinity Industries by 45.3% during the first quarter. Private Capital Group LLC now owns 2,975 shares of the transportation company’s stock valued at $65,000 after acquiring an additional 927 shares in the last quarter. BNP Paribas Arbitrage SA increased its holdings in shares of Trinity Industries by 62.1% during the first quarter. BNP Paribas Arbitrage SA now owns 3,817 shares of the transportation company’s stock valued at $83,000 after acquiring an additional 1,463 shares in the last quarter. Dupont Capital Management Corp acquired a new position in shares of Trinity Industries during the first quarter valued at about $148,000. Finally, Investors Research Corp acquired a new position in shares of Trinity Industries during the first quarter valued at about $197,000. Institutional investors and hedge funds own 86.61% of the company’s stock.

In related news, insider Brian D. Madison sold 2,157 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $20.90, for a total value of $45,081.30. Following the transaction, the insider now owns 58,345 shares in the company, valued at approximately $1,219,410.50. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Brandon B. Boze purchased 108,796 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was acquired at an average price of $19.84 per share, for a total transaction of $2,158,512.64. The disclosure for this purchase can be found here. 18.50% of the stock is currently owned by corporate insiders.

NYSE:TRN traded up $0.04 during midday trading on Tuesday, hitting $18.94. The company’s stock had a trading volume of 383,379 shares, compared to its average volume of 1,480,998. Trinity Industries Inc has a fifty-two week low of $18.19 and a fifty-two week high of $39.35. The company’s 50 day simple moving average is $19.79. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.84 and a current ratio of 1.91. The company has a market capitalization of $2.45 billion, a price-to-earnings ratio of 23.68, a P/E/G ratio of 1.44 and a beta of 1.98.

Trinity Industries (NYSE:TRN) last issued its quarterly earnings results on Wednesday, July 24th. The transportation company reported $0.29 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.02). Trinity Industries had a return on equity of 5.40% and a net margin of 4.06%. The business had revenue of $736.00 million during the quarter, compared to analyst estimates of $796.00 million. During the same quarter last year, the company posted $0.43 EPS. Trinity Industries’s quarterly revenue was up 16.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Trinity Industries Inc will post 1.35 earnings per share for the current fiscal year.

TRN has been the topic of several recent analyst reports. Buckingham Research set a $22.00 price objective on shares of Trinity Industries and gave the company a “hold” rating in a report on Friday, July 26th. ValuEngine upgraded shares of Trinity Industries from a “strong sell” rating to a “sell” rating in a report on Thursday, August 1st. Zacks Investment Research downgraded shares of Trinity Industries from a “buy” rating to a “hold” rating and set a $17.00 price objective on the stock. in a report on Tuesday, June 4th. Stifel Nicolaus set a $33.00 price objective on shares of Trinity Industries and gave the company a “buy” rating in a report on Friday, April 26th. Finally, TheStreet downgraded shares of Trinity Industries from a “b” rating to a “c” rating in a report on Thursday, April 25th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $26.00.

Trinity Industries Profile

Trinity Industries, Inc provides rail transportation products and services in North America. It operates through three segments: Railcar Leasing and Management Services Group, Rail Products Group, and All Other. The Railcar Leasing and Management Services Group segment leases freight and tank railcars; originates and manages railcar leases for third-party investor-owned fund; and provides fleet maintenance and management services to industrial shippers.

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Institutional Ownership by Quarter for Trinity Industries (NYSE:TRN)

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