Trinity Industries Inc (NYSE:TRN) major shareholder Valueact Capital Master Fund, bought 306,343 shares of Trinity Industries stock in a transaction dated Thursday, March 8th. The stock was purchased at an average price of $32.99 per share, with a total value of $10,106,255.57. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Shares of Trinity Industries Inc (NYSE TRN) opened at $33.74 on Friday. The company has a market cap of $5,200.00, a PE ratio of 24.27, a price-to-earnings-growth ratio of 2.50 and a beta of 2.04. Trinity Industries Inc has a fifty-two week low of $25.01 and a fifty-two week high of $38.25. The company has a current ratio of 3.47, a quick ratio of 2.43 and a debt-to-equity ratio of 0.67.
Trinity Industries (NYSE:TRN) last released its quarterly earnings data on Wednesday, February 21st. The transportation company reported $0.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.01. The business had revenue of $906.00 million for the quarter, compared to the consensus estimate of $1.05 billion. Trinity Industries had a net margin of 19.15% and a return on equity of 5.34%. The company’s revenue was down 17.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.44 earnings per share. equities research analysts anticipate that Trinity Industries Inc will post 1.33 EPS for the current year.
Trinity Industries announced that its board has approved a stock buyback plan on Tuesday, December 12th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the transportation company to repurchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its shares are undervalued.
A number of equities analysts recently weighed in on TRN shares. Stifel Nicolaus reissued a “buy” rating and issued a $43.00 price target on shares of Trinity Industries in a report on Friday, December 22nd. ValuEngine raised shares of Trinity Industries from a “hold” rating to a “buy” rating in a report on Thursday, February 8th. Cowen boosted their price target on shares of Trinity Industries from $36.00 to $46.00 and gave the stock an “outperform” rating in a report on Wednesday, December 13th. Susquehanna Bancshares boosted their price target on shares of Trinity Industries from $40.00 to $52.00 and gave the stock a “positive” rating in a report on Tuesday, February 20th. Finally, Wells Fargo & Co raised shares of Trinity Industries from a “market perform” rating to an “outperform” rating and set a $53.00 price target on the stock in a report on Friday, February 16th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $35.75.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Xact Kapitalforvaltning AB purchased a new stake in Trinity Industries during the fourth quarter valued at about $464,000. J. Goldman & Co LP lifted its holdings in Trinity Industries by 32.5% during the fourth quarter. J. Goldman & Co LP now owns 553,849 shares of the transportation company’s stock valued at $20,747,000 after purchasing an additional 135,765 shares during the last quarter. Sterling Capital Management LLC lifted its holdings in Trinity Industries by 15.9% during the fourth quarter. Sterling Capital Management LLC now owns 476,931 shares of the transportation company’s stock valued at $17,866,000 after purchasing an additional 65,439 shares during the last quarter. MetLife Investment Advisors LLC purchased a new stake in Trinity Industries during the fourth quarter valued at about $3,597,000. Finally, Verition Fund Management LLC lifted its holdings in Trinity Industries by 527.2% during the fourth quarter. Verition Fund Management LLC now owns 53,041 shares of the transportation company’s stock valued at $1,987,000 after purchasing an additional 65,458 shares during the last quarter. 86.44% of the stock is currently owned by institutional investors and hedge funds.
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About Trinity Industries
Trinity Industries, Inc is a diversified industrial company that owns businesses providing products and services to the energy, chemical, agriculture, transportation and construction sectors. The Company’s products and services include railcars and railcar parts; parts and steel components; the leasing, management and maintenance of railcars; highway products; construction aggregates; inland barges; structural wind towers; steel utility structures; storage and distribution containers, and trench shields and shoring products.
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