Trinity Industries, Inc. (TRN) Shares Bought by Zuckerman Investment Group LLC
Zuckerman Investment Group LLC raised its holdings in Trinity Industries, Inc. (NYSE:TRN) by 111.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 329,933 shares of the transportation company’s stock after acquiring an additional 173,883 shares during the period. Trinity Industries comprises about 2.6% of Zuckerman Investment Group LLC’s investment portfolio, making the stock its 17th largest holding. Zuckerman Investment Group LLC owned about 0.22% of Trinity Industries worth $10,525,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the business. First Mercantile Trust Co. boosted its position in shares of Trinity Industries by 10.9% during the second quarter. First Mercantile Trust Co. now owns 5,800 shares of the transportation company’s stock worth $163,000 after buying an additional 570 shares during the period. Pacad Investment Ltd. boosted its position in shares of Trinity Industries by 36.5% during the second quarter. Pacad Investment Ltd. now owns 7,100 shares of the transportation company’s stock worth $199,000 after buying an additional 1,900 shares during the period. Dearborn Partners LLC acquired a new position in shares of Trinity Industries during the second quarter worth about $209,000. Sippican Capital Advisors acquired a new position in shares of Trinity Industries during the third quarter worth about $211,000. Finally, Capstone Investment Advisors Netherlands B.V. acquired a new position in shares of Trinity Industries during the second quarter worth about $230,000. 82.46% of the stock is owned by hedge funds and other institutional investors.
Trinity Industries, Inc. (NYSE TRN) traded up $0.06 on Wednesday, reaching $36.07. The company had a trading volume of 1,460,700 shares, compared to its average volume of 1,280,829. Trinity Industries, Inc. has a fifty-two week low of $25.01 and a fifty-two week high of $36.55. The company has a market capitalization of $5,465.73, a price-to-earnings ratio of 24.01, a PEG ratio of 2.42 and a beta of 2.26. The company has a quick ratio of 2.62, a current ratio of 3.70 and a debt-to-equity ratio of 0.75.
Several research analysts have recently weighed in on TRN shares. ValuEngine raised Trinity Industries from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research cut Trinity Industries from a “buy” rating to a “hold” rating in a research report on Saturday, September 23rd. Cowen reaffirmed a “buy” rating and set a $31.00 price objective on shares of Trinity Industries in a research report on Monday, August 28th. Stifel Nicolaus reaffirmed a “buy” rating and set a $42.00 price objective (up from $31.00) on shares of Trinity Industries in a research report on Sunday, October 1st. Finally, UBS upgraded Trinity Industries from a “neutral” rating to a “positive” rating in a report on Monday, November 6th. One equities 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. The stock presently has a consensus rating of “Buy” and an average price target of $34.13.
In related news, major shareholder Valueact Capital Master Fund, bought 54,055 shares of the company’s stock in a transaction that occurred on Friday, September 8th. The shares were acquired at an average price of $28.46 per share, for a total transaction of $1,538,405.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Holdings L.P. Valueact acquired 125,000 shares of the company’s stock in a transaction on Monday, November 13th. The stock was acquired at an average price of $32.89 per share, for a total transaction of $4,111,250.00. The disclosure for this purchase can be found here. Insiders have purchased 1,776,292 shares of company stock worth $56,703,274 in the last quarter. 2.00% of the stock is currently owned by corporate insiders.
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About Trinity Industries
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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