Comerica Bank cut its position in shares of Trinity Industries Inc (NYSE:TRN) by 0.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 131,795 shares of the transportation company’s stock after selling 848 shares during the period. Comerica Bank owned about 0.09% of Trinity Industries worth $3,681,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TRN. Vanguard Group Inc. boosted its stake in shares of 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 stake in shares of Trinity Industries during the first quarter valued at $10,956,000. Impala Asset Management LLC boosted its stake in shares of 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 stake in shares of Trinity Industries during the first quarter valued at $7,899,000. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of Trinity Industries during the first quarter valued at $6,920,000. 80.92% of the stock is owned by institutional investors and hedge funds.

Trinity Industries Inc (NYSE:TRN) opened at 28.72 on Thursday. The stock’s 50 day moving average price is $28.05 and its 200 day moving average price is $27.12. The firm has a market capitalization of $4.35 billion, a price-to-earnings ratio of 17.65 and a beta of 2.18. Trinity Industries Inc has a 52-week low of $20.80 and a 52-week high of $30.13.

Trinity Industries (NYSE:TRN) last released its quarterly earnings results on Tuesday, July 25th. The transportation company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.02. The business 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 5.09% and a net margin of 5.96%. Trinity Industries’s quarterly revenue was down 23.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.62 EPS. On average, equities analysts anticipate that Trinity Industries Inc will post $1.25 earnings per share for the current fiscal year.

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Several analysts have weighed in on TRN shares. ValuEngine raised Trinity Industries from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. BidaskClub raised Trinity Industries from a “strong sell” rating to a “sell” rating in a report on Thursday, June 15th. Axiom Securities reissued a “sell” rating on shares of Trinity Industries in a report on Friday, June 16th. Buckingham Research started coverage on Trinity Industries in a report on Wednesday, June 21st. They set a “buy” rating and a $32.00 price objective for the company. Finally, Zacks Investment Research cut Trinity Industries from a “hold” rating to a “sell” rating in a report on Wednesday, June 28th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $26.89.

In other Trinity Industries news, major shareholder Holdings L.P. Valueact purchased 7,114 shares of the stock in a transaction on Tuesday, August 8th. The stock was acquired at an average price of $28.50 per share, with a total value of $202,749.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Valueact Capital Master Fund, purchased 5,100 shares of the stock in a transaction on Wednesday, August 23rd. The shares were acquired at an average cost of $28.41 per share, with a total value of $144,891.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 1,406,628 shares of company stock valued at $39,627,578 in the last ninety days. 2.00% of the stock is currently owned by corporate 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.

Institutional Ownership by Quarter for Trinity Industries (NYSE:TRN)

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