Commerce Bank bought a new position in Trinity Industries, Inc. (NYSE:TRN) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 8,000 shares of the transportation company’s stock, valued at approximately $255,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of TRN. Teachers Advisors LLC boosted its stake in Trinity Industries by 15.7% in the first quarter. Teachers Advisors LLC now owns 225,387 shares of the transportation company’s stock worth $5,984,000 after buying an additional 30,578 shares in the last quarter. Capstone Asset Management Co. boosted its stake in shares of Trinity Industries by 3.7% during the second quarter. Capstone Asset Management Co. now owns 20,248 shares of the transportation company’s stock valued at $568,000 after purchasing an additional 720 shares during the period. Creative Planning boosted its stake in shares of Trinity Industries by 17.0% during the second quarter. Creative Planning now owns 20,344 shares of the transportation company’s stock valued at $570,000 after purchasing an additional 2,949 shares during the period. Fisher Asset Management LLC purchased a new stake in shares of Trinity Industries during the second quarter valued at approximately $205,000. Finally, Oregon Public Employees Retirement Fund boosted its stake in shares of Trinity Industries by 4.4% during the second quarter. Oregon Public Employees Retirement Fund now owns 55,712 shares of the transportation company’s stock valued at $1,562,000 after purchasing an additional 2,348 shares during the period. 82.46% of the stock is owned by institutional investors and hedge funds.
Shares of Trinity Industries, Inc. (NYSE TRN) traded up $0.41 during mid-day trading on Thursday, reaching $36.01. The company had a trading volume of 2,021,158 shares, compared to its average volume of 1,282,219. Trinity Industries, Inc. has a 12 month low of $25.01 and a 12 month high of $36.55. The stock has a market capitalization of $5,474.83, a price-to-earnings ratio of 24.05, a price-to-earnings-growth ratio of 2.42 and a beta of 2.26. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.70 and a quick ratio of 2.62.
Trinity Industries (NYSE:TRN) last announced its quarterly earnings results on Wednesday, October 25th. The transportation company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.11. Trinity Industries had a return on equity of 5.32% and a net margin of 5.97%. The company had revenue of $973.60 million during the quarter, compared to analyst estimates of $951.60 million. During the same quarter last year, the firm posted $0.55 earnings per share. The firm’s revenue was down 12.4% on a year-over-year basis. research analysts predict that Trinity Industries, Inc. will post 1.49 EPS for the current year.
A number of analysts have recently weighed in on TRN shares. ValuEngine raised 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 reissued a “buy” rating and set a $31.00 price objective on shares of Trinity Industries in a research note on Monday, August 28th. Stifel Nicolaus reissued a “buy” rating and set a $42.00 price objective (up previously from $31.00) on shares of Trinity Industries in a research note on Sunday, October 1st. Finally, UBS raised Trinity Industries from a “neutral” rating to a “positive” rating in a research note on Monday, November 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company’s stock. Trinity Industries currently has an average rating of “Buy” and an average price target of $34.13.
In other news, major shareholder Valueact Capital Master Fund, acquired 425,000 shares of the firm’s stock in a transaction on Wednesday, November 15th. The stock was acquired at an average price of $32.88 per share, for a total transaction of $13,974,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Holdings L.P. Valueact acquired 300,000 shares of the firm’s stock in a transaction on Thursday, October 26th. The stock was purchased at an average price of $31.45 per share, with a total value of $9,435,000.00. The disclosure for this purchase can be found here. Insiders purchased 1,776,292 shares of company stock valued at $56,703,274 in the last ninety days. 2.00% of the stock is currently owned by insiders.
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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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