Kevin Poet Sells 17,000 Shares of Trinity Industries (NYSE:TRN) Stock

Trinity Industries, Inc. (NYSE:TRN) EVP Kevin Poet sold 17,000 shares of the firm’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $29.55, for a total value of $502,350.00. Following the transaction, the executive vice president owned 69,225 shares in the company, valued at approximately $2,045,598.75. This trade represents a 19.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Trinity Industries Stock Performance

NYSE TRN opened at $29.46 on Friday. Trinity Industries, Inc. has a 1 year low of $24.76 and a 1 year high of $38.31. The company has a debt-to-equity ratio of 4.56, a current ratio of 1.89 and a quick ratio of 0.91. The firm has a market cap of $2.35 billion, a price-to-earnings ratio of 7.10 and a beta of 1.37. The company has a fifty day moving average price of $33.42 and a 200-day moving average price of $33.20.

Institutional Trading of Trinity Industries

Large investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada increased its stake in shares of Trinity Industries by 0.6% during the 1st quarter. Royal Bank of Canada now owns 73,775 shares of the transportation company’s stock worth $2,069,000 after purchasing an additional 457 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Trinity Industries by 33.8% in the 1st quarter. AQR Capital Management LLC now owns 44,772 shares of the transportation company’s stock worth $1,244,000 after purchasing an additional 11,319 shares during the period. Millennium Management LLC lifted its stake in Trinity Industries by 329.2% in the first quarter. Millennium Management LLC now owns 637,990 shares of the transportation company’s stock valued at $17,902,000 after purchasing an additional 489,348 shares during the last quarter. Jane Street Group LLC lifted its stake in Trinity Industries by 1,341.9% in the first quarter. Jane Street Group LLC now owns 134,098 shares of the transportation company’s stock valued at $3,763,000 after purchasing an additional 124,798 shares during the last quarter. Finally, Intech Investment Management LLC grew its holdings in Trinity Industries by 44.0% during the first quarter. Intech Investment Management LLC now owns 48,014 shares of the transportation company’s stock valued at $1,347,000 after purchasing an additional 14,678 shares during the period. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Weiss Ratings lowered shares of Trinity Industries from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, August 13th. The Goldman Sachs Group restated a “neutral” rating and issued a $36.00 target price on shares of Trinity Industries in a research note on Thursday, April 30th. Wall Street Zen lowered Trinity Industries from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Finally, Susquehanna decreased their price target on Trinity Industries from $35.00 to $34.00 and set a “neutral” rating for the company in a research report on Friday, July 31st. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $35.00.

About Trinity Industries

Trinity Industries, Inc is a diversified industrial company headquartered in Dallas, Texas, with roots dating back to its incorporation in 1933. The company principally serves the transportation, infrastructure and energy sectors through the design, manufacture and leasing of railcars and related components. Trinity operates multiple business segments that encompass railcar manufacturing, aftermarket parts production, railcar leasing and management, inland barge construction and leasing, as well as infrastructure products for highways and energy applications.

In its railcar segment, Trinity produces a broad portfolio of freight cars—including tank cars, covered hoppers, gondolas and autoracks—alongside critical system components such as braking systems, couplers and wheels.