IFP Advisors Inc decreased its stake in shares of Trinity Industries, Inc. (NYSE:TRN) by 0.5% during the second quarter, Holdings Channel reports. The institutional investor owned 27,959 shares of the transportation company’s stock after selling 145 shares during the period. IFP Advisors Inc’s holdings in Trinity Industries were worth $784,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position 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. Jennison Associates LLC purchased a new position in Trinity Industries during the first quarter valued at $10,956,000. Impala Asset Management LLC boosted its position 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. Hancock Holding Co. purchased a new position in Trinity Industries during the first quarter valued at $7,899,000. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new position in Trinity Industries during the first quarter valued at $6,920,000. Institutional investors and hedge funds own 80.77% of the company’s stock.

Shares of Trinity Industries, Inc. (NYSE:TRN) opened at 28.51 on Friday. Trinity Industries, Inc. has a 1-year low of $20.80 and a 1-year high of $30.13. The stock has a 50 day moving average price of $27.78 and a 200 day moving average price of $27.08. The company has a market capitalization of $4.31 billion, a price-to-earnings ratio of 17.52 and a beta of 2.18.

Trinity Industries (NYSE:TRN) last posted its quarterly earnings data on Tuesday, July 25th. The transportation company reported $0.33 EPS for the quarter, topping the Thomson Reuters’ 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 during the quarter, compared to analyst estimates of $947.40 million. During the same period in the previous year, the business earned $0.62 EPS. Trinity Industries’s quarterly revenue was down 23.6% on a year-over-year basis. On average, equities analysts anticipate that Trinity Industries, Inc. will post $1.25 EPS for the current fiscal year.

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Several equities analysts have weighed in on TRN shares. Zacks Investment Research cut Trinity Industries from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 25th. Buckingham Research started coverage on Trinity Industries in a report on Wednesday, June 21st. They set a “buy” rating and a $32.00 price target for the company. BidaskClub upgraded Trinity Industries from a “hold” rating to a “buy” rating in a report on Saturday, July 1st. ValuEngine upgraded Trinity Industries from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, Axiom Securities restated a “sell” rating and set a $11.00 price target on shares of Trinity Industries in a report on Friday, June 30th. Two 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. The stock has a consensus rating of “Hold” and an average target price of $26.78.

In related news, major shareholder Holdings L.P. Valueact purchased 167,395 shares of the company’s stock in a transaction dated Thursday, August 3rd. The stock was acquired at an average cost of $27.51 per share, for a total transaction of $4,605,036.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider D Stephen Menzies sold 27,742 shares of the company’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $26.11, for a total value of $724,343.62. Following the completion of the sale, the insider now owns 236,707 shares of the company’s stock, valued at $6,180,419.77. The disclosure for this sale can be found here. Over the last quarter, insiders have acquired 421,028 shares of company stock valued at $11,683,822. 2.00% of the stock is owned by company insiders.

About Trinity Industries

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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