Royce & Associates LP reduced its stake in shares of Trinity Industries, Inc. (NYSE:TRN) by 3.7% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 634,811 shares of the transportation company’s stock after selling 24,551 shares during the period. Royce & Associates LP owned about 0.42% of Trinity Industries worth $20,250,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently modified their holdings of the company. First Mercantile Trust Co. grew its holdings in shares of Trinity Industries by 10.9% in the second quarter. First Mercantile Trust Co. now owns 5,800 shares of the transportation company’s stock valued at $163,000 after acquiring an additional 570 shares in the last quarter. Sippican Capital Advisors bought a new position in shares of Trinity Industries in the third quarter valued at approximately $211,000. Pacad Investment Ltd. grew its holdings in shares of Trinity Industries by 36.5% in the second quarter. Pacad Investment Ltd. now owns 7,100 shares of the transportation company’s stock valued at $199,000 after acquiring an additional 1,900 shares in the last quarter. Dearborn Partners LLC bought a new position in shares of Trinity Industries in the second quarter valued at approximately $209,000. Finally, Commerce Bank bought a new position in shares of Trinity Industries in the third quarter valued at approximately $255,000. 82.46% of the stock is owned by hedge funds and other institutional investors.
Several research firms have recently issued reports on TRN. Zacks Investment Research raised Trinity Industries from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a report on Thursday, August 17th. Cowen reaffirmed a “buy” rating and issued a $31.00 target price on shares of Trinity Industries in a report on Monday, August 28th. TheStreet raised Trinity Industries from a “c” rating to a “b-” rating in a report on Monday, August 14th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $42.00 target price (up from $31.00) on shares of Trinity Industries in a report on Sunday, October 1st. Finally, BidaskClub raised Trinity Industries from a “hold” rating to a “buy” rating in a report on Friday, August 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company’s stock. Trinity Industries has an average rating of “Buy” and a consensus price target of $34.13.
In other news, major shareholder Valueact Capital Master Fund, acquired 832,600 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The shares were acquired at an average price of $31.68 per share, for a total transaction of $26,376,768.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Holdings L.P. Valueact bought 300,000 shares of the company’s stock in a transaction on Thursday, October 26th. The shares were bought at an average price of $31.45 per share, for a total transaction of $9,435,000.00. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 1,722,237 shares of company stock worth $55,164,869. 2.00% of the stock is owned by company insiders.
Trinity Industries, Inc. (TRN) traded down $0.06 during trading on Monday, reaching $35.95. The company had a trading volume of 1,101,600 shares, compared to its average volume of 1,281,457. Trinity Industries, Inc. has a fifty-two week low of $25.01 and a fifty-two week high of $36.55. The company has a current ratio of 3.70, a quick ratio of 2.62 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $5,460.00, a P/E ratio of 23.97, a price-to-earnings-growth ratio of 2.41 and a beta of 2.26.
Trinity Industries (NYSE:TRN) last posted its quarterly earnings data on Wednesday, October 25th. The transportation company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.32 by $0.11. Trinity Industries had a return on equity of 5.32% and a net margin of 5.97%. The business had revenue of $973.60 million for the quarter, compared to the consensus estimate of $951.60 million. During the same quarter in the prior year, the business earned $0.55 earnings per share. Trinity Industries’s revenue for the quarter was down 12.4% on a year-over-year basis. equities analysts anticipate that Trinity Industries, Inc. will post 1.49 earnings per share for the current year.
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.
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