352,061 Shares in Trinity Industries, Inc. $TRN Bought by Empowered Funds LLC

Empowered Funds LLC bought a new stake in shares of Trinity Industries, Inc. (NYSE:TRN) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 352,061 shares of the transportation company’s stock, valued at approximately $12,174,000.

Several other hedge funds have also bought and sold shares of the stock. Royal Bank of Canada grew its position in shares of Trinity Industries by 0.6% during the first quarter. Royal Bank of Canada now owns 73,775 shares of the transportation company’s stock valued at $2,069,000 after purchasing an additional 457 shares in the last quarter. AQR Capital Management LLC grew its holdings in Trinity Industries by 33.8% during the 1st quarter. AQR Capital Management LLC now owns 44,772 shares of the transportation company’s stock valued at $1,244,000 after buying an additional 11,319 shares in the last quarter. Millennium Management LLC grew its holdings in Trinity Industries by 329.2% during the 1st quarter. Millennium Management LLC now owns 637,990 shares of the transportation company’s stock valued at $17,902,000 after buying an additional 489,348 shares in the last quarter. Jane Street Group LLC increased its stake in Trinity Industries by 1,341.9% in the 1st quarter. Jane Street Group LLC now owns 134,098 shares of the transportation company’s stock worth $3,763,000 after acquiring an additional 124,798 shares during the last quarter. Finally, Intech Investment Management LLC raised its holdings in shares of Trinity Industries by 44.0% during the 1st quarter. Intech Investment Management LLC now owns 48,014 shares of the transportation company’s stock worth $1,347,000 after acquiring an additional 14,678 shares in the last quarter. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Trinity Industries Trading Down 0.8%

Shares of NYSE TRN opened at $29.25 on Friday. The business’s 50 day moving average is $33.31 and its two-hundred day moving average is $33.17. The company has a debt-to-equity ratio of 4.56, a current ratio of 1.89 and a quick ratio of 0.91. Trinity Industries, Inc. has a 1-year low of $24.76 and a 1-year high of $38.31. The stock has a market capitalization of $2.33 billion, a P/E ratio of 7.05 and a beta of 1.37.

Insider Activity at Trinity Industries

In other news, EVP Kevin Poet sold 17,000 shares of Trinity Industries stock in a transaction that occurred on Tuesday, August 25th. The stock was 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 in the company, valued at approximately $2,045,598.75. The trade was a 19.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on TRN shares. Susquehanna lowered their target price on Trinity Industries from $35.00 to $34.00 and set a “neutral” rating for the company in a research report on Friday, July 31st. Wall Street Zen downgraded shares of Trinity Industries from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Finally, 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. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus 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.