Trinity Industries, Inc. (TRN) Major Shareholder Holdings L.P. Valueact Buys 125,000 Shares of Stock

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%.

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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.

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

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