Trinity Industries (NYSE:TRN) EVP Sells 17,000 Shares

Trinity Industries, Inc. (NYSE:TRN) EVP Kevin Poet sold 17,000 shares of Trinity Industries stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $29.55, for a total value of $502,350.00. Following the completion of the transaction, the executive vice president owned 69,225 shares of the company’s stock, valued at approximately $2,045,598.75. This trade represents a 19.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Trinity Industries Stock Performance

Shares of NYSE:TRN traded down $0.10 during midday trading on Wednesday, reaching $29.49. 366,064 shares of the company traded hands, compared to its average volume of 758,584. The firm’s fifty day moving average price is $33.62 and its two-hundred day moving average price is $33.21. The firm has a market capitalization of $2.35 billion, a price-to-earnings ratio of 7.11 and a beta of 1.37. The company has a quick ratio of 0.91, a current ratio of 1.89 and a debt-to-equity ratio of 4.56. Trinity Industries, Inc. has a 12 month low of $24.76 and a 12 month high of $38.31.

Institutional Trading of Trinity Industries

A number of large investors have recently modified their holdings of the business. BlackRock Inc. increased its position in shares of Trinity Industries by 2.9% in the second quarter. BlackRock Inc. now owns 13,356,707 shares of the transportation company’s stock worth $461,875,000 after purchasing an additional 370,390 shares during the last quarter. Capital International Investors increased its holdings in shares of Trinity Industries by 65.1% in the 4th quarter. Capital International Investors now owns 8,927,843 shares of the transportation company’s stock worth $236,251,000 after buying an additional 3,518,796 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Trinity Industries by 1.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,801,236 shares of the transportation company’s stock worth $154,500,000 after buying an additional 81,263 shares during the last quarter. California State Teachers Retirement System raised its position in shares of Trinity Industries by 3,268.8% during the 2nd quarter. California State Teachers Retirement System now owns 3,305,053 shares of the transportation company’s stock valued at $114,289,000 after buying an additional 3,206,944 shares in the last quarter. Finally, State Street Corp raised its position in shares of Trinity Industries by 2.6% during the 4th quarter. State Street Corp now owns 3,106,755 shares of the transportation company’s stock valued at $82,143,000 after buying an additional 79,332 shares in the last quarter. Institutional investors own 86.57% of the company’s stock.

Analyst Upgrades and Downgrades

TRN has been the subject of a number of analyst reports. Wall Street Zen lowered shares of Trinity Industries from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Susquehanna decreased their target price on shares of Trinity Industries from $35.00 to $34.00 and set a “neutral” rating on the stock in a report on Friday, July 31st. Weiss Ratings cut shares of Trinity Industries from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, August 13th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $36.00 price target on shares of Trinity Industries in a report on Thursday, April 30th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Trinity Industries presently has a consensus rating of “Hold” and an average price target of $35.00.

Trinity Industries Company 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.