ARGI Investment Services LLC decreased its holdings in Trinity Industries, Inc. (NYSE:TRN) by 7.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,313 shares of the transportation company’s stock after selling 2,065 shares during the period. ARGI Investment Services LLC’s holdings in Trinity Industries were worth $776,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. First Mercantile Trust Co. increased its stake in shares of Trinity Industries by 10.9% during the second quarter. First Mercantile Trust Co. now owns 5,800 shares of the transportation company’s stock valued at $163,000 after buying an additional 570 shares during the period. Sippican Capital Advisors purchased a new position in shares of Trinity Industries during the third quarter valued at $211,000. Pacad Investment Ltd. increased its stake in shares of Trinity Industries by 36.5% during the second quarter. Pacad Investment Ltd. now owns 7,100 shares of the transportation company’s stock valued at $199,000 after buying an additional 1,900 shares during the period. Dearborn Partners LLC purchased a new position in shares of Trinity Industries during the second quarter valued at $209,000. Finally, Commerce Bank purchased a new position in shares of Trinity Industries during the third quarter valued at $255,000. Institutional investors and hedge funds own 82.46% of the company’s stock.

In related news, major shareholder Valueact Capital Master Fund, purchased 832,600 shares of the firm’s stock in a transaction on Monday, October 30th. The stock was bought at an average cost of $31.68 per share, with a total value of $26,376,768.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Holdings L.P. Valueact purchased 300,000 shares of the firm’s stock in a transaction on Thursday, October 26th. The stock was bought at an average cost of $31.45 per share, with a total value of $9,435,000.00. The disclosure for this purchase can be found here. In the last three months, insiders acquired 1,776,292 shares of company stock valued at $56,703,274. Corporate insiders own 2.00% of the company’s stock.

TRN has been the topic of several research reports. ValuEngine upgraded Trinity Industries from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research lowered Trinity Industries from a “buy” rating to a “hold” rating in a research note on Saturday, September 23rd. Cowen reiterated a “buy” rating and issued a $31.00 target price on shares of Trinity Industries in a research note on Monday, August 28th. Stifel Nicolaus reiterated a “buy” rating and issued a $42.00 target price (up previously from $31.00) on shares of Trinity Industries in a research note on Sunday, October 1st. Finally, UBS upgraded Trinity Industries from a “neutral” rating to a “positive” rating in a research note on Monday, November 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $34.13.

Trinity Industries, Inc. (NYSE:TRN) traded up $0.57 on Tuesday, reaching $36.01. The company’s stock had a trading volume of 2,892,000 shares, compared to its average volume of 1,280,057. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.70 and a quick ratio of 2.62. The stock has a market capitalization of $5,379.21, a price-to-earnings ratio of 23.63, a PEG ratio of 2.38 and a beta of 2.26. Trinity Industries, Inc. has a 52 week low of $25.01 and a 52 week high of $36.55.

Trinity Industries (NYSE:TRN) last issued its quarterly earnings results on Wednesday, October 25th. The transportation company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.11. The business had revenue of $973.60 million during the quarter, compared to the consensus estimate of $951.60 million. Trinity Industries had a return on equity of 5.32% and a net margin of 5.97%. The company’s quarterly revenue was down 12.4% on a year-over-year basis. During the same quarter last year, the company earned $0.55 earnings per share. research analysts predict that Trinity Industries, Inc. will post 1.49 earnings per share for the current fiscal year.

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

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