ValuEngine upgraded shares of Trinity Industries (NYSE:TRN) from a hold rating to a buy rating in a research note issued to investors on Thursday, February 8th.
Other analysts have also issued reports about the stock. Cowen boosted their price objective on shares of Trinity Industries from $36.00 to $46.00 and gave the company an outperform rating in a report on Wednesday, December 13th. UBS Group upgraded shares of Trinity Industries from a neutral rating to a positive rating in a report on Monday, November 6th. Zacks Investment Research upgraded shares of Trinity Industries from a hold rating to a buy rating and set a $38.00 price objective on the stock in a report on Saturday, February 3rd. Seaport Global Securities started coverage on shares of Trinity Industries in a report on Thursday, January 4th. They issued a neutral rating on the stock. Finally, Stifel Nicolaus reiterated a buy rating and set a $43.00 price target on shares of Trinity Industries in a research note on Friday, December 22nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of $37.22.
Shares of Trinity Industries (NYSE TRN) traded up $1.09 on Thursday, reaching $35.15. 1,177,526 shares of the company’s stock traded hands, compared to its average volume of 1,168,260. Trinity Industries has a 52 week low of $25.01 and a 52 week high of $38.25. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.62 and a current ratio of 3.70. The firm has a market cap of $5,086.27, a PE ratio of 23.18, a PEG ratio of 2.42 and a beta of 2.07.
Trinity Industries declared that its Board of Directors has approved a share buyback program on Tuesday, December 12th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the transportation company to purchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Friday, January 12th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date was Thursday, January 11th. Trinity Industries’s dividend payout ratio is presently 34.67%.
In other news, SVP William A. Mcwhirter sold 20,000 shares of the business’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $36.90, for a total transaction of $738,000.00. Following the completion of the transaction, the senior vice president now directly owns 191,339 shares of the company’s stock, valued at $7,060,409.10. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 2.00% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Sterling Capital Management LLC boosted its holdings in Trinity Industries by 15.9% in the fourth quarter. Sterling Capital Management LLC now owns 476,931 shares of the transportation company’s stock valued at $17,866,000 after purchasing an additional 65,439 shares in the last quarter. MetLife Investment Advisors LLC acquired a new position in Trinity Industries in the fourth quarter valued at approximately $3,597,000. Verition Fund Management LLC boosted its holdings in Trinity Industries by 527.2% in the fourth quarter. Verition Fund Management LLC now owns 53,041 shares of the transportation company’s stock valued at $1,987,000 after purchasing an additional 65,458 shares in the last quarter. ValueAct Holdings L.P. boosted its holdings in Trinity Industries by 7.8% in the fourth quarter. ValueAct Holdings L.P. now owns 18,607,352 shares of the transportation company’s stock valued at $697,031,000 after purchasing an additional 1,352,237 shares in the last quarter. Finally, Millennium Management LLC boosted its holdings in Trinity Industries by 9.3% in the fourth quarter. Millennium Management LLC now owns 1,541,397 shares of the transportation company’s stock valued at $57,741,000 after purchasing an additional 130,924 shares in the last quarter. 82.81% of the stock is owned by hedge funds and other institutional investors.
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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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