Trinity Industries, Inc. (NYSE:TRN) major shareholder Holdings L.P. Valueact acquired 7,114 shares of the stock in a transaction dated Tuesday, August 8th. The stock was acquired at an average price of $28.50 per share, for a total transaction of $202,749.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Holdings L.P. Valueact also recently made the following trade(s):

  • On Monday, August 7th, Holdings L.P. Valueact acquired 30,000 shares of Trinity Industries stock. The stock was acquired at an average price of $28.30 per share, for a total transaction of $849,000.00.
  • On Friday, August 4th, Holdings L.P. Valueact acquired 55,700 shares of Trinity Industries stock. The stock was acquired at an average price of $28.05 per share, for a total transaction of $1,562,385.00.
  • On Thursday, August 3rd, Holdings L.P. Valueact bought 167,395 shares of Trinity Industries stock. The shares were purchased at an average price of $27.51 per share, for a total transaction of $4,605,036.45.
  • On Wednesday, August 2nd, Holdings L.P. Valueact bought 100,000 shares of Trinity Industries stock. The shares were purchased at an average price of $27.38 per share, for a total transaction of $2,738,000.00.

Shares of Trinity Industries, Inc. (TRN) traded up 0.52% during midday trading on Wednesday, reaching $28.82. The company had a trading volume of 1,101,494 shares. Trinity Industries, Inc. has a 52-week low of $20.80 and a 52-week high of $30.13. The stock has a market capitalization of $4.36 billion, a PE ratio of 17.71 and a beta of 2.18. The company’s 50 day moving average price is $27.55 and its 200 day moving average price is $27.06.

Trinity Industries (NYSE:TRN) last announced its earnings results on Tuesday, July 25th. The transportation company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.02. Trinity Industries had a return on equity of 5.75% and a net margin of 6.20%. The company had revenue of $905.50 million for the quarter, compared to the consensus estimate of $947.40 million. During the same period last year, the business posted $0.62 EPS. The company’s revenue was down 23.6% on a year-over-year basis. Equities research analysts expect that Trinity Industries, Inc. will post $1.25 earnings per share for the current year.

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Hedge funds have recently bought and sold shares of the stock. First Mercantile Trust Co. acquired a new stake in Trinity Industries during the first quarter worth $139,000. Invictus RG increased its stake in Trinity Industries by 466.4% in the first quarter. Invictus RG now owns 6,406 shares of the transportation company’s stock worth $170,000 after buying an additional 5,275 shares during the period. Advisory Services Network LLC acquired a new stake in Trinity Industries during the first quarter worth $195,000. Pacad Investment Ltd. increased its stake in Trinity Industries by 36.5% in the second quarter. Pacad Investment Ltd. now owns 7,100 shares of the transportation company’s stock worth $199,000 after buying an additional 1,900 shares during the period. Finally, Fisher Asset Management LLC acquired a new stake in Trinity Industries during the second quarter worth $205,000. Hedge funds and other institutional investors own 80.77% of the company’s stock.

A number of research firms have commented on TRN. ValuEngine cut shares of Trinity Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Cowen and Company raised their target price on shares of Trinity Industries from $30.00 to $31.00 and gave the company an “outperform” rating in a report on Thursday, July 27th. Axiom Securities reissued a “sell” rating on shares of Trinity Industries in a report on Wednesday, July 26th. Stifel Nicolaus raised shares of Trinity Industries from a “hold” rating to a “buy” rating and raised their target price for the company from $29.00 to $31.00 in a report on Thursday, July 27th. They noted that the move was a valuation call. Finally, BidaskClub lowered shares of Trinity Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $26.78.

Trinity Industries Company Profile

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.

Insider Buying and Selling by Quarter for Trinity Industries (NYSE:TRN)

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