PDT Partners LLC Invests $12.42 Million in Trinity Industries, Inc. $TRN

PDT Partners LLC bought a new stake in shares of Trinity Industries, Inc. (NYSE:TRN) during the 2nd quarter, according to its most recent filing with the SEC. The fund bought 359,270 shares of the transportation company’s stock, valued at approximately $12,424,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Capital International Investors raised its holdings in shares of Trinity Industries by 65.1% in the 4th quarter. Capital International Investors now owns 8,927,843 shares of the transportation company’s stock worth $236,251,000 after buying an additional 3,518,796 shares in the last quarter. Bridgeway Capital Management LLC acquired a new stake in Trinity Industries in the 3rd quarter valued at $15,673,000. Millennium Management LLC boosted its stake in Trinity Industries by 329.2% in the 1st quarter. Millennium Management LLC now owns 637,990 shares of the transportation company’s stock valued at $17,902,000 after buying an additional 489,348 shares in the last quarter. Bank of America Corp DE grew its position in Trinity Industries by 99.9% in the second quarter. Bank of America Corp DE now owns 772,648 shares of the transportation company’s stock valued at $20,869,000 after acquiring an additional 386,102 shares during the period. Finally, BlackRock Inc. grew its position in Trinity Industries by 2.9% in the second quarter. BlackRock Inc. now owns 13,356,707 shares of the transportation company’s stock valued at $461,875,000 after acquiring an additional 370,390 shares during the period. Institutional investors own 86.57% of the company’s stock.

Trinity Industries Stock Down 0.3%

Shares of TRN opened at $29.61 on Wednesday. The company has a market capitalization of $2.36 billion, a P/E ratio of 7.13 and a beta of 1.37. Trinity Industries, Inc. has a one year low of $24.76 and a one year high of $38.31. The business’s 50 day simple moving average is $33.62 and its 200-day simple moving average is $33.21. The company has a debt-to-equity ratio of 4.56, a current ratio of 1.89 and a quick ratio of 0.91.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on TRN. The Goldman Sachs Group reiterated a “neutral” rating and set a $36.00 price objective on shares of Trinity Industries in a research note on Thursday, April 30th. Wall Street Zen lowered shares of Trinity Industries from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Susquehanna lowered their target price on shares of Trinity Industries from $35.00 to $34.00 and set a “neutral” rating on the stock in a report on Friday, July 31st. Finally, Weiss Ratings cut shares of Trinity Industries from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, August 13th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Trinity Industries has an average rating of “Hold” and an average price target of $35.00.

Trinity Industries 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.