Trinity Industries, Inc. (TRN) Shares Bought by Sei Investments Co.
Sei Investments Co. increased its stake in shares of Trinity Industries, Inc. (NYSE:TRN) by 9.9% during the second quarter, Holdings Channel reports. The institutional investor owned 364,365 shares of the transportation company’s stock after buying an additional 32,913 shares during the period. Sei Investments Co.’s holdings in Trinity Industries were worth $10,212,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in the stock. BNP Paribas Arbitrage SA boosted its position in shares of Trinity Industries by 7.6% in the first quarter. BNP Paribas Arbitrage SA now owns 218,627 shares of the transportation company’s stock valued at $5,805,000 after buying an additional 15,523 shares in the last quarter. Swiss National Bank boosted its position in shares of Trinity Industries by 0.6% in the first quarter. Swiss National Bank now owns 251,900 shares of the transportation company’s stock valued at $6,688,000 after buying an additional 1,400 shares in the last quarter. Point72 Asset Management L.P. bought a new position in shares of Trinity Industries during the first quarter valued at about $3,159,000. TIAA CREF Investment Management LLC boosted its position in shares of Trinity Industries by 0.8% in the first quarter. TIAA CREF Investment Management LLC now owns 270,616 shares of the transportation company’s stock valued at $7,185,000 after buying an additional 2,232 shares in the last quarter. Finally, Creative Planning boosted its position in shares of Trinity Industries by 4.0% in the first quarter. Creative Planning now owns 17,395 shares of the transportation company’s stock valued at $462,000 after buying an additional 663 shares in the last quarter. Institutional investors own 80.77% of the company’s stock.
Shares of Trinity Industries, Inc. (TRN) opened at 28.51 on Friday. The firm has a 50-day moving average of $27.78 and a 200-day moving average of $27.08. Trinity Industries, Inc. has a one year low of $20.80 and a one year high of $30.13. The stock has a market cap of $4.31 billion, a PE ratio of 17.52 and a beta of 2.18.
Trinity Industries (NYSE:TRN) last announced its quarterly earnings data on Tuesday, July 25th. The transportation company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $947.40 million. During the same quarter last year, the business posted $0.62 EPS. The firm’s revenue for the quarter was down 23.6% on a year-over-year basis. On average, equities research analysts expect that Trinity Industries, Inc. will post $1.25 earnings per share for the current fiscal year.
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TRN has been the topic of several research analyst reports. Buckingham Research initiated coverage on shares of Trinity Industries in a research report on Wednesday, June 21st. They set a “buy” rating and a $32.00 price target on the stock. ValuEngine upgraded shares of Trinity Industries from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. BidaskClub upgraded shares of Trinity Industries from a “hold” rating to a “buy” rating in a research report on Saturday, July 1st. Axiom Securities reiterated a “sell” rating and set a $11.00 price target on shares of Trinity Industries in a research report on Friday, June 30th. Finally, Zacks Investment Research cut shares of Trinity Industries from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 25th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $26.78.
In other Trinity Industries news, major shareholder Holdings L.P. Valueact purchased 7,114 shares of Trinity Industries stock in a transaction dated Tuesday, August 8th. The stock was acquired at an average price of $28.50 per share, for a total transaction of $202,749.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Valueact Capital Master Fund, purchased 60,819 shares of Trinity Industries stock in a transaction dated Wednesday, August 9th. The stock was acquired at an average price of $28.39 per share, with a total value of $1,726,651.41. The disclosure for this purchase can be found here. Insiders have purchased a total of 421,028 shares of company stock valued at $11,683,822 in the last quarter. 2.00% of the stock is currently owned by company insiders.
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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