FDx Advisors Inc. purchased a new stake in Trinity Industries, Inc. (NYSE:TRN) during the third quarter, according to its most recent filing with the SEC. The firm purchased 10,084 shares of the transportation company’s stock, valued at approximately $322,000.
Other large investors also recently made changes to their positions in the company. First Mercantile Trust Co. boosted its position in shares of Trinity Industries by 10.9% in the 2nd quarter. First Mercantile Trust Co. now owns 5,800 shares of the transportation company’s stock worth $163,000 after purchasing an additional 570 shares in the last quarter. Pacad Investment Ltd. lifted its holdings in shares of Trinity Industries by 36.5% in the 2nd quarter. Pacad Investment Ltd. now owns 7,100 shares of the transportation company’s stock valued at $199,000 after buying an additional 1,900 shares during the period. Fisher Asset Management LLC acquired a new position in shares of Trinity Industries in the 2nd quarter valued at about $205,000. Quantitative Systematic Strategies LLC acquired a new position in shares of Trinity Industries in the 2nd quarter valued at about $208,000. Finally, Dearborn Partners LLC acquired a new position in shares of Trinity Industries in the 2nd quarter valued at about $209,000. Institutional investors and hedge funds own 82.46% of the company’s stock.
Trinity Industries, Inc. (NYSE:TRN) traded up $0.41 during trading hours on Thursday, reaching $36.01. The company had a trading volume of 2,021,158 shares, compared to its average volume of 1,282,219. The stock has a market capitalization of $5,474.83, a price-to-earnings ratio of 24.05, a PEG ratio of 2.42 and a beta of 2.26. The company has a quick ratio of 2.62, a current ratio of 3.70 and a debt-to-equity ratio of 0.75. Trinity Industries, Inc. has a 52-week low of $25.01 and a 52-week high of $36.55.
Trinity Industries (NYSE:TRN) last issued its quarterly earnings data on Wednesday, October 25th. The transportation company reported $0.43 earnings per share (EPS) for the quarter, topping the 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 company had revenue of $973.60 million for the quarter, compared to analyst estimates of $951.60 million. During the same quarter last year, the company posted $0.55 earnings per share. The business’s quarterly revenue was down 12.4% compared to the same quarter last year. equities research analysts anticipate that Trinity Industries, Inc. will post 1.49 EPS for the current fiscal year.
In related news, major shareholder Valueact Capital Master Fund, purchased 13,687 shares of Trinity Industries stock in a transaction dated Friday, November 3rd. The stock was bought at an average cost of $31.98 per share, for a total transaction of $437,710.26. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Holdings L.P. Valueact purchased 125,000 shares of Trinity Industries stock in a transaction dated Monday, November 13th. The shares were bought at an average price of $32.89 per share, with a total value of $4,111,250.00. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 1,776,292 shares of company stock valued at $56,703,274. 2.00% of the stock is owned by insiders.
Several equities research analysts have commented on TRN shares. Zacks Investment Research lowered Trinity Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. TheStreet upgraded Trinity Industries from a “c” rating to a “b-” rating in a research report on Monday, August 14th. BidaskClub upgraded Trinity Industries from a “hold” rating to a “buy” rating in a research report on Friday, August 25th. Cowen reiterated a “buy” rating and issued a $31.00 price objective on shares of Trinity Industries in a report on Monday, August 28th. Finally, ValuEngine upgraded Trinity Industries from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. 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. The stock presently has an average rating of “Buy” and an average target price of $34.13.
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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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