Jupiter Topco LLC Invests $1.27 Million in Trinity Industries, Inc. $TRN

Jupiter Topco LLC acquired a new stake in Trinity Industries, Inc. (NYSE:TRN) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 36,616 shares of the transportation company’s stock, valued at approximately $1,267,000.

A number of other hedge funds also recently made changes to their positions in the business. UBS Group AG lifted its holdings in Trinity Industries by 92.3% during the fourth quarter. UBS Group AG now owns 455,201 shares of the transportation company’s stock valued at $12,036,000 after purchasing an additional 218,437 shares during the last quarter. Hsbc Holdings PLC bought a new position in shares of Trinity Industries in the second quarter worth $1,346,000. Deutsche Bank AG increased its stake in Trinity Industries by 68.2% in the 2nd quarter. Deutsche Bank AG now owns 120,067 shares of the transportation company’s stock worth $4,152,000 after acquiring an additional 48,691 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in Trinity Industries in the first quarter valued at approximately $6,710,000. Finally, Orchard Capital Management LLC purchased a new position in Trinity Industries in the second quarter worth $2,705,000. 86.57% of the stock is currently owned by institutional investors.

Insider Transactions at Trinity Industries

In other Trinity Industries news, EVP Kevin Poet sold 17,000 shares of Trinity Industries stock in a transaction that occurred 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 sale, the executive vice president owned 69,225 shares of the company’s stock, valued at approximately $2,045,598.75. The trade was a 19.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.10% of the company’s stock.

Trinity Industries Stock Up 0.6%

TRN stock opened at $28.28 on Friday. The company has a debt-to-equity ratio of 4.56, a current ratio of 1.89 and a quick ratio of 0.91. The stock has a market capitalization of $2.25 billion, a P/E ratio of 6.81 and a beta of 1.35. The business has a fifty day moving average price of $32.58 and a 200-day moving average price of $33.02. Trinity Industries, Inc. has a 1-year low of $24.76 and a 1-year high of $38.31.

Analysts Set New Price Targets

Several analysts have issued reports on TRN shares. Wall Street Zen lowered Trinity Industries from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Weiss Ratings lowered shares of Trinity Industries from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, August 13th. Finally, Susquehanna reduced their price target on Trinity Industries from $35.00 to $34.00 and set a “neutral” rating on the stock in a research note on Friday, July 31st. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Trinity Industries has an average rating of “Hold” and an average target price of $35.00.

About Trinity Industries

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.