Deutsche Bank AG Buys 48,691 Shares of Trinity Industries, Inc. $TRN

Deutsche Bank AG boosted its stake in Trinity Industries, Inc. (NYSE:TRN) by 68.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 120,067 shares of the transportation company’s stock after purchasing an additional 48,691 shares during the quarter. Deutsche Bank AG’s holdings in Trinity Industries were worth $4,152,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Smartleaf Asset Management LLC grew its stake in Trinity Industries by 24.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,538 shares of the transportation company’s stock worth $41,000 after buying an additional 298 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of Trinity Industries by 8.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,567 shares of the transportation company’s stock valued at $179,000 after buying an additional 427 shares in the last quarter. Royal Bank of Canada raised its position in shares of Trinity Industries by 0.6% during the 1st quarter. Royal Bank of Canada now owns 73,775 shares of the transportation company’s stock valued at $2,069,000 after buying an additional 457 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Trinity Industries by 94.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,016 shares of the transportation company’s stock worth $27,000 after acquiring an additional 494 shares during the last quarter. Finally, Cerity Partners LLC lifted its holdings in shares of Trinity Industries by 3.5% during the 2nd quarter. Cerity Partners LLC now owns 16,343 shares of the transportation company’s stock worth $441,000 after acquiring an additional 549 shares during the last quarter. 86.57% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TRN. Weiss Ratings lowered shares of Trinity Industries from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, August 13th. Susquehanna lowered their price target on Trinity Industries from $35.00 to $34.00 and set a “neutral” rating on the stock in a research report on Friday, July 31st. Wall Street Zen lowered Trinity Industries from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $36.00 price objective on shares of Trinity Industries in a report on Thursday, April 30th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $35.00.

Trinity Industries Trading Down 0.3%

TRN stock opened at $29.61 on Wednesday. The company has a market capitalization of $2.36 billion, a PE ratio of 7.13 and a beta of 1.37. Trinity Industries, Inc. has a one year low of $24.76 and a one year high of $38.31. The company’s 50 day moving average price is $33.62 and its two-hundred day moving average price is $33.21. The company has a debt-to-equity ratio of 4.56, a quick ratio of 0.91 and a current ratio of 1.89.

Trinity Industries Profile

Trinity Industries, Inc is a diversified industrial company headquartered in Dallas, Texas, with roots dating back to its incorporation in 1933. The company principally serves the transportation, infrastructure and energy sectors through the design, manufacture and leasing of railcars and related components. Trinity operates multiple business segments that encompass railcar manufacturing, aftermarket parts production, railcar leasing and management, inland barge construction and leasing, as well as infrastructure products for highways and energy applications.

In its railcar segment, Trinity produces a broad portfolio of freight cars—including tank cars, covered hoppers, gondolas and autoracks—alongside critical system components such as braking systems, couplers and wheels.