Trinity Industries, Inc. (TRN) Holdings Trimmed by ARGI Investment Services LLC
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.
COPYRIGHT VIOLATION NOTICE: “Trinity Industries, Inc. (TRN) Holdings Trimmed by ARGI Investment Services LLC” was published by Watch List News and is the sole property of of Watch List News. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of United States and international trademark & copyright laws. The correct version of this piece of content can be read at https://www.watchlistnews.com/trinity-industries-inc-trn-holdings-trimmed-by-argi-investment-services-llc/1745784.html.
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.
Want to see what other hedge funds are holding TRN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Trinity Industries, Inc. (NYSE:TRN).
Receive News & Ratings for Trinity Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trinity Industries Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.