Trinity Industries, Inc. (NYSE:TRN) major shareholder Holdings L.P. Valueact bought 125,000 shares of the business’s stock in a transaction on Monday, November 13th. The stock was bought at an average cost of $32.89 per share, with a total value of $4,111,250.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Holdings L.P. Valueact also recently made the following trade(s):
- On Thursday, October 26th, Holdings L.P. Valueact acquired 300,000 shares of Trinity Industries stock. The shares were acquired at an average cost of $31.45 per share, with a total value of $9,435,000.00.
Shares of Trinity Industries, Inc. (NYSE:TRN) traded up $0.61 during trading hours on Friday, hitting $33.45. The stock had a trading volume of 1,399,200 shares, compared to its average volume of 1,290,434. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.70 and a quick ratio of 2.62. Trinity Industries, Inc. has a twelve month low of $25.01 and a twelve month high of $35.97. The stock has a market capitalization of $5,100.00, a P/E ratio of 21.90, a P/E/G ratio of 2.20 and a beta of 2.25.
Trinity Industries (NYSE:TRN) last released its earnings results on Wednesday, October 25th. The transportation company reported $0.43 earnings per share for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $973.60 million for the quarter, compared to the consensus estimate of $951.60 million. During the same period in the prior year, the business posted $0.55 earnings per share. The firm’s revenue for the quarter was down 12.4% compared to the same quarter last year. sell-side analysts forecast that Trinity Industries, Inc. will post 1.49 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Friday, October 13th were given a dividend of $0.13 per share. The ex-dividend date was Thursday, October 12th. This represents a $0.52 annualized dividend and a yield of 1.55%. Trinity Industries’s dividend payout ratio (DPR) is presently 34.67%.
ILLEGAL ACTIVITY WARNING: This news story was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this news story on another website, it was copied illegally and republished in violation of US and international copyright and trademark legislation. The correct version of this news story can be viewed at https://ledgergazette.com/2017/11/17/trinity-industries-inc-trn-major-shareholder-holdings-l-p-valueact-buys-125000-shares-of-stock.html.
Large investors have recently made changes to their positions in the business. First Mercantile Trust Co. increased its stake in Trinity Industries by 10.9% during the second quarter. First Mercantile Trust Co. now owns 5,800 shares of the transportation company’s stock worth $163,000 after acquiring an additional 570 shares during the last quarter. Sippican Capital Advisors acquired a new stake in Trinity Industries during the third quarter worth about $211,000. Griffin Asset Management Inc. acquired a new stake in Trinity Industries during the third quarter worth about $213,000. Pacad Investment Ltd. increased its stake in Trinity Industries by 36.5% during the second quarter. Pacad Investment Ltd. now owns 7,100 shares of the transportation company’s stock worth $199,000 after acquiring an additional 1,900 shares during the last quarter. Finally, Fisher Asset Management LLC acquired a new stake in shares of Trinity Industries in the second quarter valued at about $205,000. Institutional investors own 80.14% of the company’s stock.
Several equities analysts have weighed in on the company. 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 research report on Friday, August 25th. ValuEngine cut Trinity Industries from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Cowen and Company reiterated a “buy” rating and issued a $31.00 price objective on shares of Trinity Industries in a research note on Monday, August 28th. Citigroup Inc. upgraded Trinity Industries from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $45.00 to $36.00 in a research note on Friday, September 29th. Finally, Susquehanna Bancshares Inc upgraded Trinity Industries from a “neutral” rating to a “positive” rating in a research note on Monday, November 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $34.13.
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.
Receive News & Ratings for Trinity Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trinity Industries Inc. and related companies with MarketBeat.com's FREE daily email newsletter.