Trinity Industries, Inc. (TRN) Shares Bought by World Asset Management Inc
World Asset Management Inc increased its stake in shares of Trinity Industries, Inc. (NYSE:TRN) by 0.1% during the second quarter, Holdings Channel reports. The institutional investor owned 10,835 shares of the transportation company’s stock after buying an additional 15 shares during the period. World Asset Management Inc’s holdings in Trinity Industries were worth $304,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of TRN. Vanguard Group Inc. increased its stake in Trinity Industries by 5.3% in the first quarter. Vanguard Group Inc. now owns 12,267,243 shares of the transportation company’s stock valued at $325,695,000 after buying an additional 612,668 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Trinity Industries by 0.5% in the first quarter. Dimensional Fund Advisors LP now owns 4,934,005 shares of the transportation company’s stock valued at $130,998,000 after buying an additional 24,412 shares in the last quarter. State Street Corp increased its stake in Trinity Industries by 1.8% in the first quarter. State Street Corp now owns 4,070,436 shares of the transportation company’s stock valued at $108,071,000 after buying an additional 71,993 shares in the last quarter. Impala Asset Management LLC increased its stake in Trinity Industries by 18.6% in the first quarter. Impala Asset Management LLC now owns 2,016,708 shares of the transportation company’s stock valued at $53,544,000 after buying an additional 316,694 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in Trinity Industries by 2.4% in the first quarter. AQR Capital Management LLC now owns 1,841,895 shares of the transportation company’s stock valued at $48,902,000 after buying an additional 42,800 shares in the last quarter. 80.99% of the stock is owned by hedge funds and other institutional investors.
Trinity Industries, Inc. (NYSE:TRN) opened at 28.67 on Wednesday. Trinity Industries, Inc. has a one year low of $20.80 and a one year high of $30.13. The company’s 50-day moving average is $27.94 and its 200 day moving average is $27.06. The stock has a market capitalization of $4.34 billion, a price-to-earnings ratio of 17.62 and a beta of 2.18.
Trinity Industries (NYSE:TRN) last released its earnings results on Tuesday, July 25th. The transportation company reported $0.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.02. The company had revenue of $905.50 million for the quarter, compared to analyst estimates of $947.40 million. Trinity Industries had a net margin of 6.20% and a return on equity of 5.75%. The firm’s quarterly revenue was down 23.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.62 EPS. Equities analysts expect that Trinity Industries, Inc. will post $1.25 EPS for the current year.
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TRN has been the subject of several research analyst reports. Cowen and Company lifted their price target on shares of Trinity Industries from $30.00 to $31.00 and gave the company an “outperform” rating in a research note on Thursday, July 27th. ValuEngine raised shares of Trinity Industries from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Zacks Investment Research lowered shares of Trinity Industries from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 25th. Axiom Securities reissued a “sell” rating on shares of Trinity Industries in a report on Thursday, July 13th. Finally, BidaskClub raised shares of Trinity Industries from a “strong sell” rating to a “sell” rating in a report on Thursday, June 15th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $26.78.
In other news, major shareholder Holdings L.P. Valueact acquired 7,114 shares of Trinity Industries stock in a transaction dated Tuesday, August 8th. The shares were acquired at an average cost 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 is available at this link. Also, major shareholder Valueact Capital Master Fund, acquired 202,500 shares of Trinity Industries stock in a transaction dated Friday, August 11th. The stock was purchased at an average price of $28.47 per share, for a total transaction of $5,765,175.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 623,528 shares of company stock worth $17,448,997. 2.00% of the stock is owned by company insiders.
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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