Los Angeles Capital Management & Equity Research Inc. raised its position in shares of Trinity Industries, Inc. (NYSE:TRN) by 6.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 138,005 shares of the transportation company’s stock after purchasing an additional 8,070 shares during the quarter. Los Angeles Capital Management & Equity Research Inc. owned 0.09% of Trinity Industries worth $4,402,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Janus Henderson Group PLC acquired a new position in Trinity Industries during the 2nd quarter worth $108,733,000. Jennison Associates LLC lifted its position in Trinity Industries by 124.9% during the 2nd quarter. Jennison Associates LLC now owns 928,230 shares of the transportation company’s stock worth $26,018,000 after acquiring an additional 515,568 shares during the last quarter. BNP Paribas Arbitrage SA lifted its position in Trinity Industries by 160.2% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 337,546 shares of the transportation company’s stock worth $10,768,000 after acquiring an additional 207,805 shares during the last quarter. Public Sector Pension investment Board acquired a new position in Trinity Industries during the 2nd quarter worth $5,606,000. Finally, Tudor Investment Corp ET AL acquired a new position in Trinity Industries during the 2nd quarter worth $5,606,000. Institutional investors and hedge funds own 82.46% of the company’s stock.
TRN has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Trinity Industries from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research report on Thursday, August 17th. KeyCorp reissued a “buy” rating and issued a $41.00 price target (up previously from $34.00) on shares of Trinity Industries in a research report on Monday, October 2nd. Stephens reaffirmed an “equal weight” rating and set a $35.00 price objective (up from $29.00) on shares of Trinity Industries in a research note on Tuesday, October 3rd. Buckingham Research upped their price objective on shares of Trinity Industries from $34.00 to $36.00 and gave the stock a “buy” rating in a research note on Monday, October 2nd. Finally, TheStreet raised shares of Trinity Industries from a “c” rating to a “b-” rating in a research note on Monday, August 14th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $34.13.
In other Trinity Industries news, major shareholder Holdings L.P. Valueact bought 125,000 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The stock was acquired at an average price of $32.89 per share, with a total value of $4,111,250.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Valueact Capital Master Fund, bought 13,687 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The stock was acquired at an average cost of $31.98 per share, with a total value of $437,710.26. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 1,776,292 shares of company stock worth $56,703,274. 2.00% of the stock is currently owned by company insiders.
Shares of Trinity Industries, Inc. (NYSE:TRN) traded down $0.47 during mid-day trading on Wednesday, reaching $35.60. 868,786 shares of the company’s stock were exchanged, compared to its average volume of 1,279,073. 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 company has a market capitalization of $5,465.73, a PE ratio of 24.01, a PEG ratio of 2.42 and a beta of 2.26. Trinity Industries, Inc. has a 1 year low of $25.01 and a 1 year high of $36.55.
Trinity Industries (NYSE:TRN) last posted 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 net margin of 5.97% and a return on equity of 5.32%. The company had revenue of $973.60 million for the quarter, compared to analyst estimates of $951.60 million. During the same period last year, the business posted $0.55 earnings per share. The business’s revenue for the quarter was down 12.4% compared to the same quarter last year. analysts forecast that Trinity Industries, Inc. will post 1.49 EPS 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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