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.

ILLEGAL ACTIVITY NOTICE: “Insider Buying: Trinity Industries, Inc. (TRN) Major Shareholder Buys $4,605,036.45 in Stock” was first posted by Daily Political and is owned by of Daily Political. If you are reading this piece of content on another publication, it was illegally stolen and reposted in violation of US and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://www.dailypolitical.com/2017/08/07/insider-buying-trinity-industries-inc-trn-major-shareholder-buys-4605036-45-in-stock.html.

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.

Receive News & Ratings for Trinity Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trinity Industries Inc. and related companies with MarketBeat.com's FREE daily email newsletter.