Trinity Industries, Inc. (NYSE:TRN) Major Shareholder Valueact Capital Master Fund, Purchases 202,500 Shares
Trinity Industries, Inc. (NYSE:TRN) major shareholder Valueact Capital Master Fund, acquired 202,500 shares of the company’s stock in a transaction dated Friday, August 11th. The stock was acquired at an average price of $28.47 per share, for a total transaction of $5,765,175.00. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Valueact Capital Master Fund, also recently made the following trade(s):
- On Wednesday, August 9th, Valueact Capital Master Fund, acquired 60,819 shares of Trinity Industries stock. The stock was acquired at an average price of $28.39 per share, for a total transaction of $1,726,651.41.
Trinity Industries, Inc. (NYSE:TRN) traded up 0.31% on Monday, reaching $28.67. The company had a trading volume of 808,924 shares. The stock has a 50 day moving average of $27.89 and a 200 day moving average of $27.06. The firm has a market capitalization of $4.34 billion, a PE ratio of 17.62 and a beta of 2.18. Trinity Industries, Inc. has a 12 month low of $20.80 and a 12 month high of $30.13.
Trinity Industries (NYSE:TRN) last announced its quarterly earnings data on Tuesday, July 25th. The transportation company reported $0.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.02. The firm had revenue of $905.50 million during the quarter, compared to analyst estimates of $947.40 million. Trinity Industries had a return on equity of 5.75% and a net margin of 6.20%. Trinity Industries’s quarterly revenue was down 23.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.62 earnings per share. On average, analysts anticipate that Trinity Industries, Inc. will post $1.25 EPS for the current year.
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A number of research analysts have recently commented on the company. ValuEngine downgraded Trinity Industries from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Axiom Securities reiterated a “sell” rating on shares of Trinity Industries in a report on Wednesday, July 26th. Cowen and Company increased their price objective on Trinity Industries from $30.00 to $31.00 and gave the company an “outperform” rating in a report on Thursday, July 27th. Stifel Nicolaus upgraded Trinity Industries from a “hold” rating to a “buy” rating and increased their price objective 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 downgraded Trinity Industries from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $26.78.
Institutional investors have recently bought and sold shares of the stock. Oregon Public Employees Retirement Fund raised its position in Trinity Industries by 1.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 53,364 shares of the transportation company’s stock valued at $1,417,000 after buying an additional 700 shares during the period. IFP Advisors Inc raised its position in Trinity Industries by 0.4% in the first quarter. IFP Advisors Inc now owns 28,104 shares of the transportation company’s stock valued at $746,000 after buying an additional 99 shares during the period. First Mercantile Trust Co. bought a new position in Trinity Industries during the first quarter valued at approximately $139,000. Glen Harbor Capital Management LLC raised its position in Trinity Industries by 341.5% in the first quarter. Glen Harbor Capital Management LLC now owns 152,432 shares of the transportation company’s stock valued at $4,047,000 after buying an additional 117,908 shares during the period. Finally, Nationwide Fund Advisors raised its position in Trinity Industries by 2.3% in the first quarter. Nationwide Fund Advisors now owns 279,035 shares of the transportation company’s stock valued at $7,408,000 after buying an additional 6,269 shares during the period. 80.99% of the stock is owned by institutional investors.
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.
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