Jackson Creek Investment Advisors LLC Sells 1,253 Shares of Trinity Industries, Inc. (NYSE:TRN)

Jackson Creek Investment Advisors LLC lowered its stake in Trinity Industries, Inc. (NYSE:TRN) by 3.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 40,237 shares of the transportation company’s stock after selling 1,253 shares during the quarter. Jackson Creek Investment Advisors LLC’s holdings in Trinity Industries were worth $1,412,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in TRN. State Street Corp lifted its stake in Trinity Industries by 2.3% in the third quarter. State Street Corp now owns 3,226,026 shares of the transportation company’s stock valued at $112,395,000 after buying an additional 73,183 shares during the period. HighTower Advisors LLC raised its position in shares of Trinity Industries by 125.9% in the 3rd quarter. HighTower Advisors LLC now owns 56,979 shares of the transportation company’s stock valued at $1,975,000 after acquiring an additional 31,758 shares during the period. Intech Investment Management LLC bought a new position in Trinity Industries during the 3rd quarter worth approximately $572,000. Royce & Associates LP grew its holdings in Trinity Industries by 8.2% during the third quarter. Royce & Associates LP now owns 367,421 shares of the transportation company’s stock valued at $12,801,000 after purchasing an additional 27,870 shares during the period. Finally, Truist Financial Corp increased its stake in Trinity Industries by 57.5% in the fourth quarter. Truist Financial Corp now owns 16,260 shares of the transportation company’s stock valued at $571,000 after purchasing an additional 5,935 shares in the last quarter. 86.57% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on TRN. Susquehanna lifted their price target 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. The Goldman Sachs Group assumed coverage on Trinity Industries in a report on Monday, November 18th. They set a “neutral” rating and a $39.00 target price on the stock.

Insider Activity

In related news, EVP Gregory B. Mitchell sold 9,286 shares of Trinity Industries 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 owns 111,879 shares of the company’s stock, valued at approximately $3,470,486.58. This trade represents a 7.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

Trinity Industries Stock Performance

Shares of TRN stock opened at $29.84 on Friday. The company has a market capitalization of $2.44 billion, a P/E ratio of 18.19 and a beta of 1.40. Trinity Industries, Inc. has a 52 week low of $25.17 and a 52 week high of $39.83. The company has a debt-to-equity ratio of 4.35, a quick ratio of 1.08 and a current ratio of 1.80. The company’s 50 day moving average price is $35.15 and its two-hundred day moving average price is $35.08.

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