Insider Buying: Trinity Industries, Inc. (NYSE:TRN) Major Shareholder Buys 7,114 Shares of Stock

Trinity Industries, Inc. (NYSE:TRN) major shareholder Holdings L.P. Valueact bought 7,114 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The stock was purchased at an average price of $28.50 per share, with a total value of $202,749.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Holdings L.P. Valueact also recently made the following trade(s):

  • On Monday, August 7th, Holdings L.P. Valueact bought 30,000 shares of Trinity Industries stock. The stock was purchased at an average price of $28.30 per share, with a total value of $849,000.00.
  • On Friday, August 4th, Holdings L.P. Valueact bought 55,700 shares of Trinity Industries stock. The stock was purchased at an average price of $28.05 per share, with a total value of $1,562,385.00.
  • On Thursday, August 3rd, Holdings L.P. Valueact bought 167,395 shares of Trinity Industries stock. The stock was purchased at an average price of $27.51 per share, with a total value of $4,605,036.45.
  • On Wednesday, August 2nd, Holdings L.P. Valueact acquired 100,000 shares of Trinity Industries stock. The shares were bought at an average price of $27.38 per share, with a total value of $2,738,000.00.

Trinity Industries, Inc. (TRN) opened at 28.58 on Friday. The firm’s 50-day moving average is $27.84 and its 200-day moving average is $27.09. The firm has a market capitalization of $4.33 billion, a PE ratio of 17.57 and a beta of 2.18. Trinity Industries, Inc. has a 52-week low of $20.80 and a 52-week high of $30.13.

Trinity Industries (NYSE:TRN) last issued its earnings results on Tuesday, July 25th. The transportation company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.31 by $0.02. The company had revenue of $905.50 million for the quarter, compared to analyst estimates of $947.40 million. Trinity Industries had a net margin of 6.20% and a return on equity of 5.75%. The business’s revenue was down 23.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.62 EPS. On average, analysts anticipate that Trinity Industries, Inc. will post $1.25 earnings per share for the current year.

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A number of equities analysts have weighed in on the stock. ValuEngine cut shares of Trinity Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Axiom Securities restated a “sell” rating on shares of Trinity Industries in a research report on Wednesday, July 26th. Cowen and Company upped their price objective on shares of Trinity Industries from $30.00 to $31.00 and gave the stock an “outperform” rating in a research report on Thursday, July 27th. Stifel Nicolaus upgraded shares of Trinity Industries from a “hold” rating to a “buy” rating and upped their price objective for the stock from $29.00 to $31.00 in a research report on Thursday, July 27th. They noted that the move was a valuation call. Finally, BidaskClub cut shares of Trinity Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $26.78.

Large investors have recently modified their holdings of the company. Ramsey Quantitative Systems bought a new stake in shares of Trinity Industries during the second quarter valued at approximately $324,000. Parametric Portfolio Associates LLC raised its stake in shares of Trinity Industries by 13.0% in the second quarter. Parametric Portfolio Associates LLC now owns 733,185 shares of the transportation company’s stock valued at $20,551,000 after buying an additional 84,233 shares during the last quarter. Zuckerman Investment Group LLC bought a new stake in shares of Trinity Industries during the second quarter valued at approximately $4,374,000. Nordea Investment Management AB raised its stake in shares of Trinity Industries by 25.5% in the second quarter. Nordea Investment Management AB now owns 71,090 shares of the transportation company’s stock valued at $1,993,000 after buying an additional 14,460 shares during the last quarter. Finally, Cibc World Markets Corp bought a new stake in shares of Trinity Industries during the second quarter valued at approximately $418,000. Institutional investors own 80.77% of the company’s stock.

Trinity Industries Company Profile

Trinity Industries, Inc is a diversified industrial company that owns businesses providing products and services to the energy, chemical, agriculture, transportation and construction sectors. The Company’s products and services include railcars and railcar parts; parts and steel components; the leasing, management and maintenance of railcars; highway products; construction aggregates; inland barges; structural wind towers; steel utility structures; storage and distribution containers, and trench shields and shoring products.

Insider Buying and Selling by Quarter for Trinity Industries (NYSE:TRN)

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