391,363 Shares in Trinity Industries, Inc. (TRN) Acquired by NWQ Investment Management Company LLC
NWQ Investment Management Company LLC bought a new position in Trinity Industries, Inc. (NYSE:TRN) in the 3rd quarter, according to its most recent disclosure with the SEC. The firm bought 391,363 shares of the transportation company’s stock, valued at approximately $12,484,000. NWQ Investment Management Company LLC owned 0.26% of Trinity Industries at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. First Mercantile Trust Co. lifted its position in Trinity Industries by 10.9% during the 2nd quarter. First Mercantile Trust Co. now owns 5,800 shares of the transportation company’s stock valued at $163,000 after acquiring an additional 570 shares during the period. Sippican Capital Advisors purchased a new position in Trinity Industries during the 3rd quarter valued at about $211,000. Pacad Investment Ltd. lifted its position in Trinity Industries by 36.5% during the 2nd quarter. Pacad Investment Ltd. now owns 7,100 shares of the transportation company’s stock valued at $199,000 after acquiring an additional 1,900 shares during the period. Dearborn Partners LLC purchased a new position in Trinity Industries during the 2nd quarter valued at about $209,000. Finally, Commerce Bank purchased a new position in Trinity Industries during the 3rd quarter valued at about $255,000. 82.46% of the stock is owned by hedge funds and other institutional investors.
In related news, major shareholder Holdings L.P. Valueact purchased 300,000 shares of Trinity Industries stock in a transaction dated Thursday, October 26th. The stock was purchased at an average cost of $31.45 per share, for a total transaction of $9,435,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Valueact Capital Master Fund, purchased 425,000 shares of Trinity Industries stock in a transaction dated Wednesday, November 15th. The stock was bought at an average price of $32.88 per share, with a total value of $13,974,000.00. The disclosure for this purchase can be found here. Insiders bought 1,722,237 shares of company stock valued at $55,164,869 over the last quarter. Company insiders own 2.00% of the company’s stock.
A number of research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Trinity Industries from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a research report on Thursday, August 17th. KeyCorp reissued a “buy” rating and set a $41.00 price target (up from $34.00) on shares of Trinity Industries in a research report on Monday, October 2nd. Stephens reissued an “equal weight” rating and set a $35.00 price target (up from $29.00) on shares of Trinity Industries in a research report on Tuesday, October 3rd. Buckingham Research lifted their price target on shares of Trinity Industries from $34.00 to $36.00 and gave the company a “buy” rating in a research report on Monday, October 2nd. Finally, TheStreet upgraded shares of Trinity Industries from a “c” rating to a “b-” rating in a research note on Monday, August 14th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $34.13.
Trinity Industries, Inc. (TRN) traded up $0.41 during trading hours on Friday, reaching $36.01. 2,021,100 shares of the company’s stock were exchanged, compared to its average volume of 1,282,219. The company has a market cap of $5,403.50, a price-to-earnings ratio of 23.73, a P/E/G ratio of 2.39 and a beta of 2.26. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.62 and a current ratio of 3.70. Trinity Industries, Inc. has a 1-year low of $25.01 and a 1-year high of $36.55.
Trinity Industries (NYSE:TRN) last released its quarterly earnings data on Wednesday, October 25th. The transportation company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.11. The business had revenue of $973.60 million during the quarter, compared to analyst estimates of $951.60 million. Trinity Industries had a net margin of 5.97% and a return on equity of 5.32%. Trinity Industries’s revenue was down 12.4% compared to the same quarter last year. During the same period last year, the business earned $0.55 EPS. sell-side analysts anticipate that Trinity Industries, Inc. will post 1.49 EPS for the current fiscal year.
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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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