Trinity Industries (NYSE:TRN) had its price target raised by investment analysts at Susquehanna Bancshares from $40.00 to $52.00 in a research note issued on Tuesday. The brokerage presently has a “positive” rating on the transportation company’s stock. Susquehanna Bancshares’ target price would indicate a potential upside of 49.60% from the company’s current price.
A number of other research analysts have also recently weighed in on the stock. Wells Fargo & Co raised shares of Trinity Industries from a “market perform” rating to an “outperform” rating and set a $53.00 price target on the stock in a research report on Friday. Zacks Investment Research raised shares of Trinity Industries from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research report on Saturday, February 10th. Stifel Nicolaus set a $40.00 price target on shares of Trinity Industries and gave the company a “buy” rating in a research report on Friday, February 9th. ValuEngine raised shares of Trinity Industries from a “hold” rating to a “buy” rating in a research report on Thursday, February 8th. Finally, Seaport Global Securities assumed coverage on shares of Trinity Industries in a research report on Thursday, January 4th. They set a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $38.70.
Shares of Trinity Industries (TRN) traded down $0.08 during mid-day trading on Tuesday, reaching $34.76. 1,283,275 shares of the company’s stock were exchanged, compared to its average volume of 1,180,000. The firm has a market capitalization of $5,280.00, a PE ratio of 23.17, a price-to-earnings-growth ratio of 2.52 and a beta of 2.07. The company has a current ratio of 3.70, a quick ratio of 2.62 and a debt-to-equity ratio of 0.75. Trinity Industries has a 1 year low of $25.01 and a 1 year high of $38.25.
Trinity Industries declared that its board has approved a share repurchase program on Tuesday, December 12th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the transportation company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s management believes its stock is undervalued.
In other news, SVP William A. Mcwhirter sold 20,000 shares of the business’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $36.90, for a total transaction of $738,000.00. Following the transaction, the senior vice president now directly owns 191,339 shares of the company’s stock, valued at $7,060,409.10. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 2.00% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of TRN. ValueAct Holdings L.P. lifted its position in shares of Trinity Industries by 10.7% during the third quarter. ValueAct Holdings L.P. now owns 17,255,115 shares of the transportation company’s stock worth $550,438,000 after purchasing an additional 1,672,510 shares in the last quarter. NWQ Investment Management Company LLC increased its stake in shares of Trinity Industries by 337.5% in the fourth quarter. NWQ Investment Management Company LLC now owns 1,712,335 shares of the transportation company’s stock worth $64,144,000 after buying an additional 1,320,972 shares during the last quarter. Jennison Associates LLC increased its stake in shares of Trinity Industries by 98.8% in the fourth quarter. Jennison Associates LLC now owns 2,127,208 shares of the transportation company’s stock worth $79,685,000 after buying an additional 1,056,986 shares during the last quarter. Lomas Capital Management LLC bought a new stake in shares of Trinity Industries in the fourth quarter worth $29,273,000. Finally, Janus Henderson Group PLC increased its stake in shares of Trinity Industries by 16.3% in the third quarter. Janus Henderson Group PLC now owns 4,512,499 shares of the transportation company’s stock worth $143,949,000 after buying an additional 633,336 shares during the last quarter. 82.66% of the stock is currently owned by institutional investors and hedge funds.
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About Trinity Industries
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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