HighTower Advisors LLC Has $1.01 Million Stake in Trinity Industries, Inc. (TRN)
HighTower Advisors LLC raised its position in shares of Trinity Industries, Inc. (NYSE:TRN) by 5.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 37,629 shares of the transportation company’s stock after buying an additional 1,826 shares during the period. HighTower Advisors LLC’s holdings in Trinity Industries were worth $1,006,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently bought and sold shares of the stock. First Mercantile Trust Co. acquired a new position in shares of Trinity Industries during the first quarter worth $139,000. Invictus RG increased its position in shares of Trinity Industries by 466.4% in the first quarter. Invictus RG now owns 6,406 shares of the transportation company’s stock worth $170,000 after buying an additional 5,275 shares in the last quarter. Advisory Services Network LLC acquired a new position in shares of Trinity Industries during the first quarter worth $195,000. American Asset Management Inc. acquired a new position in shares of Trinity Industries during the first quarter worth $241,000. Finally, Stephens Inc. AR increased its position in shares of Trinity Industries by 4.5% in the first quarter. Stephens Inc. AR now owns 9,404 shares of the transportation company’s stock worth $250,000 after buying an additional 405 shares in the last quarter. 80.54% of the stock is owned by institutional investors.
Shares of Trinity Industries, Inc. (NYSE TRN) traded up 0.80% during mid-day trading on Thursday, hitting $27.61. The stock had a trading volume of 721,036 shares. Trinity Industries, Inc. has a 1-year low of $20.80 and a 1-year high of $30.13. The company has a market capitalization of $4.18 billion, a P/E ratio of 16.94 and a beta of 2.18. The stock’s 50-day moving average price is $27.48 and its 200 day moving average price is $27.05.
Trinity Industries (NYSE:TRN) last posted its quarterly earnings data on Tuesday, July 25th. The transportation company reported $0.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.02. The company had revenue of $905.50 million during the quarter, compared to analyst estimates of $947.40 million. Trinity Industries had a return on equity of 5.75% and a net margin of 6.20%. The firm’s quarterly revenue was down 23.6% on a year-over-year basis. During the same quarter last year, the company earned $0.62 earnings per share. On average, analysts predict that Trinity Industries, Inc. will post $1.25 EPS for the current fiscal year.
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Several equities analysts have commented on TRN shares. Zacks Investment Research cut Trinity Industries from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 25th. Buckingham Research initiated coverage on Trinity Industries in a research report on Wednesday, June 21st. They issued a “buy” rating and a $32.00 target price for the company. BidaskClub raised Trinity Industries from a “hold” rating to a “buy” rating in a research report on Saturday, July 1st. ValuEngine raised Trinity Industries from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, Axiom Securities reaffirmed a “sell” rating and issued a $11.00 target price on shares of Trinity Industries in a research report on Friday, June 30th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $26.78.
In other Trinity Industries news, insider D Stephen Menzies sold 27,742 shares of Trinity Industries stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $26.11, for a total transaction 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 2.00% of the company’s stock.
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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