Trinity Industries Inc (NYSE:TRN) major shareholder Valueact Capital Master Fund, purchased 447,505 shares of the company’s stock in a transaction that occurred on Thursday, March 22nd. The stock was bought at an average cost of $32.63 per share, with a total value of $14,602,088.15. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Valueact Capital Master Fund, also recently made the following trade(s):
- On Monday, March 19th, Valueact Capital Master Fund, purchased 900,000 shares of Trinity Industries stock. The stock was bought at an average cost of $32.77 per share, with a total value of $29,493,000.00.
- On Thursday, March 8th, Valueact Capital Master Fund, purchased 306,343 shares of Trinity Industries stock. The stock was bought at an average cost of $32.99 per share, with a total value of $10,106,255.57.
TRN stock opened at $31.73 on Friday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.43 and a current ratio of 3.47. The company has a market capitalization of $4,978.65, a PE ratio of 7.08, a price-to-earnings-growth ratio of 2.51 and a beta of 2.03. Trinity Industries Inc has a 52 week low of $25.01 and a 52 week high of $38.25.
Trinity Industries (NYSE:TRN) last issued its earnings results on Wednesday, February 21st. The transportation company reported $0.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.01. Trinity Industries had a return on equity of 5.34% and a net margin of 19.15%. The firm had revenue of $906.00 million during the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the previous year, the firm earned $0.44 earnings per share. The business’s quarterly revenue was down 17.9% on a year-over-year basis. sell-side analysts forecast that Trinity Industries Inc will post 1.32 EPS for the current year.
Trinity Industries declared that its board has initiated a stock buyback plan on Tuesday, December 12th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the transportation company to buy shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Friday, April 13th will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.64%. The ex-dividend date is Thursday, April 12th. Trinity Industries’s dividend payout ratio is currently 11.61%.
Several institutional investors have recently added to or reduced their stakes in TRN. Nationwide Fund Advisors increased its stake in shares of Trinity Industries by 5.4% in the third quarter. Nationwide Fund Advisors now owns 296,629 shares of the transportation company’s stock valued at $9,462,000 after buying an additional 15,286 shares during the period. FDx Advisors Inc. acquired a new position in shares of Trinity Industries in the third quarter valued at approximately $322,000. New York State Common Retirement Fund increased its stake in shares of Trinity Industries by 3.0% in the third quarter. New York State Common Retirement Fund now owns 322,400 shares of the transportation company’s stock valued at $10,285,000 after buying an additional 9,500 shares during the period. Russell Investments Group Ltd. increased its stake in shares of Trinity Industries by 15.3% in the third quarter. Russell Investments Group Ltd. now owns 84,390 shares of the transportation company’s stock valued at $2,693,000 after buying an additional 11,167 shares during the period. Finally, Commerce Bank acquired a new position in shares of Trinity Industries in the third quarter valued at approximately $255,000. 87.42% of the stock is owned by institutional investors.
TRN has been the subject of a number of analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and issued a $43.00 price target on shares of Trinity Industries in a research note on Friday, December 22nd. ValuEngine raised Trinity Industries from a “hold” rating to a “buy” rating in a research note on Thursday, February 8th. Susquehanna Bancshares boosted their price target on Trinity Industries from $40.00 to $52.00 and gave the company a “positive” rating in a research note on Tuesday, February 20th. Wells Fargo raised Trinity Industries from a “market perform” rating to an “outperform” rating and set a $53.00 price target for the company in a research note on Friday, February 16th. Finally, Cowen boosted their price target on Trinity Industries from $36.00 to $46.00 and gave the company an “outperform” rating in a research note on Wednesday, December 13th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $35.75.
COPYRIGHT VIOLATION NOTICE: This article was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this article on another site, it was illegally stolen and reposted in violation of United States & international trademark & copyright law. The legal version of this article can be viewed at https://ledgergazette.com/2018/03/24/valueact-capital-master-fund-buys-447505-shares-of-trinity-industries-inc-trn-stock.html.
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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trinity Industries and related companies with MarketBeat.com's FREE daily email newsletter.