Quantbot Technologies LP purchased a new stake in Trinity Industries, Inc. (NYSE:TRN – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 36,335 shares of the transportation company’s stock, valued at approximately $1,256,000.
Other hedge funds also recently made changes to their positions in the company. Orchard Capital Management LLC bought a new position in Trinity Industries in the 2nd quarter worth approximately $2,705,000. BlackRock Inc. increased its position in Trinity Industries by 2.9% in the 2nd quarter. BlackRock Inc. now owns 13,356,707 shares of the transportation company’s stock valued at $461,875,000 after acquiring an additional 370,390 shares during the period. Deutsche Bank AG raised its stake in Trinity Industries by 68.2% during the 2nd quarter. Deutsche Bank AG now owns 120,067 shares of the transportation company’s stock valued at $4,152,000 after acquiring an additional 48,691 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Trinity Industries by 0.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 890,037 shares of the transportation company’s stock valued at $30,777,000 after acquiring an additional 3,568 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its position in Trinity Industries by 317.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 35,940 shares of the transportation company’s stock worth $1,243,000 after acquiring an additional 27,332 shares during the period. Institutional investors own 86.57% of the company’s stock.
Analysts Set New Price Targets
Several research analysts have recently issued reports on the company. Wall Street Zen cut Trinity Industries from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. The Goldman Sachs Group restated a “neutral” rating and set a $36.00 price objective on shares of Trinity Industries in a research note on Thursday, April 30th. Weiss Ratings downgraded shares of Trinity Industries from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, August 13th. Finally, Susquehanna decreased their target price on shares of Trinity Industries from $35.00 to $34.00 and set a “neutral” rating for the company in a research report on Friday, July 31st. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Trinity Industries has an average rating of “Hold” and an average price target of $35.00.
Trinity Industries Stock Performance
TRN opened at $29.61 on Wednesday. The business has a 50 day moving average price of $33.62 and a two-hundred day moving average price of $33.21. The company has a debt-to-equity ratio of 4.56, a current ratio of 1.89 and a quick ratio of 0.91. The company has a market capitalization of $2.36 billion, a price-to-earnings ratio of 7.13 and a beta of 1.37. Trinity Industries, Inc. has a 1-year low of $24.76 and a 1-year high of $38.31.
Trinity Industries Company Profile
Trinity Industries, Inc is a diversified industrial company headquartered in Dallas, Texas, with roots dating back to its incorporation in 1933. The company principally serves the transportation, infrastructure and energy sectors through the design, manufacture and leasing of railcars and related components. Trinity operates multiple business segments that encompass railcar manufacturing, aftermarket parts production, railcar leasing and management, inland barge construction and leasing, as well as infrastructure products for highways and energy applications.
In its railcar segment, Trinity produces a broad portfolio of freight cars—including tank cars, covered hoppers, gondolas and autoracks—alongside critical system components such as braking systems, couplers and wheels.
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