First Eagle Investment Management LLC Grows Stock Holdings in Trinity Industries, Inc. $TRN

First Eagle Investment Management LLC boosted its stake in shares of Trinity Industries, Inc. (NYSE:TRN) by 11.5% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 463,319 shares of the transportation company’s stock after purchasing an additional 47,700 shares during the quarter. First Eagle Investment Management LLC’s holdings in Trinity Industries were worth $16,022,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Hsbc Holdings PLC acquired a new stake in shares of Trinity Industries in the 2nd quarter worth approximately $1,346,000. UBS Group AG increased its stake in Trinity Industries by 92.3% in the 4th 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 in the last quarter. Deutsche Bank AG raised its holdings in Trinity Industries by 68.2% during the second quarter. Deutsche Bank AG now owns 120,067 shares of the transportation company’s stock worth $4,152,000 after purchasing an additional 48,691 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in Trinity Industries during the first quarter worth $6,710,000. Finally, Orchard Capital Management LLC purchased a new stake in Trinity Industries during the second quarter worth $2,705,000. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Trinity Industries Stock Performance

NYSE TRN opened at $28.28 on Monday. 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 fifty-two week low of $24.76 and a fifty-two week high of $38.31. The business has a fifty day moving average of $32.58 and a 200-day moving average of $33.00. The stock has a market cap of $2.25 billion, a price-to-earnings ratio of 6.81 and a beta of 1.35.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on TRN. Susquehanna dropped their price target 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. 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. Finally, Wall Street Zen cut shares of Trinity Industries from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $35.00.

Insiders Place Their Bets

In related news, EVP Kevin Poet sold 17,000 shares of the business’s stock in a transaction dated 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. The trade was a 19.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.10% of the company’s stock.

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.