Insider Buying: Trinity Industries, Inc. (TRN) Major Shareholder Buys $4,605,036.45 in Stock
Trinity Industries, Inc. (NYSE:TRN) major shareholder Holdings L.P. Valueact acquired 167,395 shares of the stock in a transaction dated Thursday, August 3rd. The stock was bought at an average price of $27.51 per share, for a total transaction of $4,605,036.45. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Holdings L.P. Valueact also recently made the following trade(s):
- On Friday, August 4th, Holdings L.P. Valueact acquired 55,700 shares of Trinity Industries stock. The stock was bought at an average price of $28.05 per share, for a total transaction of $1,562,385.00.
- On Wednesday, August 2nd, Holdings L.P. Valueact acquired 100,000 shares of Trinity Industries stock. The stock was bought at an average price of $27.38 per share, for a total transaction of $2,738,000.00.
Trinity Industries, Inc. (NYSE:TRN) opened at 28.22 on Monday. Trinity Industries, Inc. has a one year low of $20.80 and a one year high of $30.13. The stock has a 50 day moving average price of $27.48 and a 200 day moving average price of $27.05. The firm has a market capitalization of $4.27 billion, a P/E ratio of 17.34 and a beta of 2.18.
Trinity Industries (NYSE:TRN) last announced its earnings results on Tuesday, July 25th. The transportation company reported $0.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.02. Trinity Industries had a net margin of 6.20% and a return on equity of 5.75%. The company had revenue of $905.50 million for the quarter, compared to analysts’ expectations of $947.40 million. During the same period last year, the firm earned $0.62 earnings per share. The business’s revenue for the quarter was down 23.6% on a year-over-year basis. On average, equities analysts predict that Trinity Industries, Inc. will post $1.25 EPS for the current fiscal year.
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TRN has been the topic of several analyst reports. Stifel Nicolaus upgraded Trinity Industries from a “hold” rating to a “buy” rating and upped their price objective for the company from $29.00 to $31.00 in a research note on Thursday, July 27th. They noted that the move was a valuation call. ValuEngine upgraded Trinity Industries from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Buckingham Research initiated coverage on Trinity Industries in a research note on Wednesday, June 21st. They issued a “buy” rating and a $32.00 price objective on the stock. BidaskClub upgraded Trinity Industries from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. Finally, Zacks Investment Research upgraded Trinity Industries from a “sell” rating to a “hold” rating and set a $31.00 price objective on the stock in a research note on Wednesday, July 19th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $26.78.
A number of hedge funds and other institutional investors have recently made changes to their positions in TRN. Vanguard Group Inc. boosted its position in shares of Trinity Industries by 5.3% in the first quarter. Vanguard Group Inc. now owns 12,267,243 shares of the transportation company’s stock worth $325,695,000 after buying an additional 612,668 shares during the period. Jennison Associates LLC boosted its position in shares of Trinity Industries by 124.9% in the second quarter. Jennison Associates LLC now owns 928,230 shares of the transportation company’s stock worth $26,018,000 after buying an additional 515,568 shares during the period. Impala Asset Management LLC boosted its position in shares of Trinity Industries by 18.6% in the first quarter. Impala Asset Management LLC now owns 2,016,708 shares of the transportation company’s stock worth $53,544,000 after buying an additional 316,694 shares during the period. Hancock Holding Co. purchased a new position in shares of Trinity Industries during the first quarter worth about $7,899,000. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of Trinity Industries during the first quarter worth about $6,920,000. 80.54% of the stock is currently owned by institutional investors and hedge funds.
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.
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