Strategic Wealth Partners Ltd. Sells 3,035 Shares of Trinity Industries Inc (NYSE:TRN)

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Strategic Wealth Partners Ltd. cut its holdings in shares of Trinity Industries Inc (NYSE:TRN) by 19.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,224 shares of the transportation company’s stock after selling 3,035 shares during the period. Strategic Wealth Partners Ltd.’s holdings in Trinity Industries were worth $253,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Thompson Siegel & Walmsley LLC lifted its stake in Trinity Industries by 21.1% during the first quarter. Thompson Siegel & Walmsley LLC now owns 3,582,884 shares of the transportation company’s stock worth $77,856,000 after purchasing an additional 625,120 shares during the last quarter. Janus Henderson Group PLC lifted its stake in Trinity Industries by 29.5% during the first quarter. Janus Henderson Group PLC now owns 3,326,034 shares of the transportation company’s stock worth $72,275,000 after purchasing an additional 756,977 shares during the last quarter. Jennison Associates LLC lifted its stake in Trinity Industries by 43.9% during the first quarter. Jennison Associates LLC now owns 3,239,513 shares of the transportation company’s stock worth $70,395,000 after purchasing an additional 988,636 shares during the last quarter. Geode Capital Management LLC lifted its stake in Trinity Industries by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 1,416,160 shares of the transportation company’s stock worth $29,158,000 after purchasing an additional 47,512 shares during the last quarter. Finally, Royce & Associates LP lifted its stake in shares of Trinity Industries by 10.1% in the 1st quarter. Royce & Associates LP now owns 818,815 shares of the transportation company’s stock valued at $17,793,000 after acquiring an additional 75,267 shares during the last quarter. Hedge funds and other institutional investors own 85.83% of the company’s stock.

A number of research analysts have recently commented on TRN shares. Zacks Investment Research cut Trinity Industries from a “buy” rating to a “hold” rating and set a $17.00 price target for the company. in a research note on Tuesday, June 4th. Buckingham Research set a $22.00 price target on Trinity Industries and gave the company a “hold” rating in a research note on Friday, July 26th. Finally, ValuEngine upgraded Trinity Industries from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 1st. Two analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $26.00.

Shares of TRN traded down $0.83 during trading hours on Friday, reaching $16.28. The stock had a trading volume of 1,125,236 shares, compared to its average volume of 1,431,984. Trinity Industries Inc has a 12 month low of $16.14 and a 12 month high of $39.35. The stock has a market capitalization of $2.22 billion, a PE ratio of 14.50, a PEG ratio of 1.27 and a beta of 1.98. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.84 and a current ratio of 1.91. The company’s 50-day moving average is $18.95 and its two-hundred day moving average is $21.23.

Trinity Industries (NYSE:TRN) last announced its quarterly earnings results on Wednesday, July 24th. The transportation company reported $0.29 EPS for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.02). Trinity Industries had a net margin of 4.06% and a return on equity of 5.40%. The firm had revenue of $736.00 million during the quarter, compared to the consensus estimate of $796.00 million. During the same quarter in the previous year, the company posted $0.43 earnings per share. The firm’s revenue was up 16.1% on a year-over-year basis. Equities analysts anticipate that Trinity Industries Inc will post 1.35 earnings per share for the current fiscal year.

In related news, Director Brandon B. Boze bought 108,796 shares of the stock in a transaction that occurred on Wednesday, July 31st. The stock was acquired at an average cost of $19.84 per share, with a total value of $2,158,512.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Brandon B. Boze bought 250,000 shares of the stock in a transaction that occurred on Monday, July 29th. The shares were bought at an average cost of $18.81 per share, with a total value of $4,702,500.00. The disclosure for this purchase can be found here. 18.50% of the stock is owned by company insiders.

About Trinity Industries

Trinity Industries, Inc provides rail transportation products and services in North America. It operates through three segments: Railcar Leasing and Management Services Group, Rail Products Group, and All Other. The Railcar Leasing and Management Services Group segment leases freight and tank railcars; originates and manages railcar leases for third-party investor-owned fund; and provides fleet maintenance and management services to industrial shippers.

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Institutional Ownership by Quarter for Trinity Industries (NYSE:TRN)

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