Jennison Associates Holds 3.69M Shares of Trinity Industries
Ticker: TRN · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 99780
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, railroad-equipment
TL;DR
**Jennison Associates still owns 3.69M shares of Trinity Industries, signaling institutional confidence.**
AI Summary
Jennison Associates LLC, an investment management firm, filed an amended SC 13G/A on February 9, 2024, disclosing its beneficial ownership of 3,691,884 shares of Trinity Industries, Inc. common stock as of December 31, 2023. This represents a significant stake, giving Jennison Associates LLC sole voting power over these shares. This filing is important for investors as it reveals a major institutional investor's continued confidence in Trinity Industries, Inc., a railroad equipment manufacturer.
Why It Matters
This filing shows that a large institutional investor, Jennison Associates LLC, maintains a substantial position in Trinity Industries, Inc., which can signal confidence in the company's future performance.
Risk Assessment
Risk Level: low — This filing indicates a stable institutional ownership position, which generally reduces volatility and risk for other investors.
Analyst Insight
Investors should note Jennison Associates LLC's continued significant stake in Trinity Industries, Inc., which could be a positive signal, but further research into the company's fundamentals and Jennison's investment strategy would be prudent before making investment decisions.
Key Numbers
- 3,691,884 — Shares Beneficially Owned (Represents the total number of shares of Trinity Industries, Inc. common stock Jennison Associates LLC has sole voting power over.)
Key Players & Entities
- Jennison Associates LLC (company) — the reporting person and institutional investor
- Trinity Industries, Inc. (company) — the subject company whose securities are being reported
- 3,691,884 shares (dollar_amount) — the number of shares beneficially owned by Jennison Associates LLC
- December 31, 2023 (date) — the date of the event requiring the filing
- February 9, 2024 (date) — the filing date of the SC 13G/A
FAQ
What is the purpose of this SC 13G/A filing?
This SC 13G/A is an amendment (Amendment No. 1) to a Schedule 13G, filed by Jennison Associates LLC, to update its beneficial ownership of Trinity Industries, Inc. common stock as of December 31, 2023, under Rule 13d-1(b).
Which company is the subject of this filing?
The subject company is Trinity Industries, Inc., identified by CUSIP Number 896522109 and Central Index Key 0000099780.
Who is the reporting person in this filing?
The reporting person is Jennison Associates LLC, with IRS Identification #52-2069785 (formerly 13-2631108) and organized in Delaware.
How many shares of Trinity Industries, Inc. does Jennison Associates LLC beneficially own with sole voting power?
Jennison Associates LLC beneficially owns 3,691,884 shares of Trinity Industries, Inc. common stock with sole voting power, as stated in item 5 of the filing.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 9, 2024 regarding TRINITY INDUSTRIES INC (TRN).