Trinity Industries, Inc. (NYSE:TRN) major shareholder Valueact Capital Master Fund, purchased 248,941 shares of the company’s stock in a transaction that occurred on Thursday, August 31st. The shares were purchased at an average cost of $28.65 per share, for a total transaction of $7,132,159.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Valueact Capital Master Fund, also recently made the following trade(s):

  • On Wednesday, August 23rd, Valueact Capital Master Fund, purchased 5,100 shares of Trinity Industries stock. The shares were purchased at an average cost of $28.41 per share, for a total transaction of $144,891.00.
  • On Tuesday, August 22nd, Valueact Capital Master Fund, acquired 375,000 shares of Trinity Industries stock. The shares were bought at an average price of $28.15 per share, with a total value of $10,556,250.00.
  • On Thursday, August 17th, Valueact Capital Master Fund, acquired 403,000 shares of Trinity Industries stock. The shares were bought at an average price of $28.48 per share, with a total value of $11,477,440.00.
  • On Friday, August 11th, Valueact Capital Master Fund, acquired 202,500 shares of Trinity Industries stock. The shares were bought at an average price of $28.47 per share, with a total value of $5,765,175.00.
  • On Wednesday, August 9th, Valueact Capital Master Fund, acquired 60,819 shares of Trinity Industries stock. The shares were bought at an average price of $28.39 per share, with a total value of $1,726,651.41.

Trinity Industries, Inc. (NYSE TRN) opened at 29.56 on Friday. The company has a market cap of $4.47 billion, a P/E ratio of 18.17 and a beta of 2.18. Trinity Industries, Inc. has a 12 month low of $20.80 and a 12 month high of $30.13. The firm has a 50-day moving average price of $28.23 and a 200 day moving average price of $27.16.

Trinity Industries (NYSE:TRN) last announced its quarterly earnings results on Tuesday, July 25th. The transportation company reported $0.33 EPS for the quarter, beating the Zacks’ 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 analysts’ expectations of $947.40 million. During the same period in the prior year, the company earned $0.62 EPS. Trinity Industries’s revenue was down 23.6% compared to the same quarter last year. On average, equities analysts expect that Trinity Industries, Inc. will post $1.25 earnings per share for the current year.

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TRN has been the subject of several recent analyst reports. TheStreet raised Trinity Industries from a “c” rating to a “b-” rating in a research note on Monday, August 14th. Stifel Nicolaus raised Trinity Industries from a “hold” rating to a “buy” rating and raised their target price for the company from $29.00 to $31.00 in a research note on Thursday, July 27th. They noted that the move was a valuation call. Buckingham Research started coverage on Trinity Industries in a report on Wednesday, June 21st. They set 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 report on Saturday, July 1st. Finally, ValuEngine raised Trinity Industries from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $26.89.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Comerica Bank raised its position in shares of Trinity Industries by 5.3% in the first quarter. Comerica Bank now owns 132,643 shares of the transportation company’s stock valued at $3,561,000 after buying an additional 6,684 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of Trinity Industries by 7.6% in the first quarter. BNP Paribas Arbitrage SA now owns 218,627 shares of the transportation company’s stock valued at $5,805,000 after buying an additional 15,523 shares in the last quarter. Suntrust Banks Inc. increased its stake in shares of Trinity Industries by 0.3% in the first quarter. Suntrust Banks Inc. now owns 34,859 shares of the transportation company’s stock valued at $924,000 after buying an additional 93 shares in the last quarter. Point View Wealth Management Inc. increased its stake in shares of Trinity Industries by 2.1% in the first quarter. Point View Wealth Management Inc. now owns 26,695 shares of the transportation company’s stock valued at $709,000 after buying an additional 538 shares in the last quarter. Finally, Elkfork Partners LLC increased its stake in shares of Trinity Industries by 341.5% in the first quarter. Elkfork Partners LLC now owns 185,096 shares of the transportation company’s stock valued at $4,914,000 after buying an additional 143,174 shares in the last quarter. 80.92% of the stock is owned by institutional investors and hedge funds.

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.

Insider Buying and Selling by Quarter for Trinity Industries (NYSE:TRN)

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