Nationwide Fund Advisors Has $9.46 Million Position in Trinity Industries, Inc. (TRN)
Nationwide Fund Advisors grew its stake in Trinity Industries, Inc. (NYSE:TRN) by 5.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 296,629 shares of the transportation company’s stock after acquiring an additional 15,286 shares during the period. Nationwide Fund Advisors owned 0.20% of Trinity Industries worth $9,462,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of TRN. First Mercantile Trust Co. grew its stake in Trinity Industries by 10.9% in the 2nd quarter. First Mercantile Trust Co. now owns 5,800 shares of the transportation company’s stock worth $163,000 after acquiring an additional 570 shares in the last quarter. Pacad Investment Ltd. grew its stake in Trinity Industries by 36.5% in the 2nd quarter. Pacad Investment Ltd. now owns 7,100 shares of the transportation company’s stock worth $199,000 after acquiring an additional 1,900 shares in the last quarter. Dearborn Partners LLC bought a new position in Trinity Industries in the 2nd quarter worth about $209,000. Capstone Investment Advisors Netherlands B.V. bought a new position in Trinity Industries in the 2nd quarter worth about $230,000. Finally, American Asset Management Inc. grew its stake in Trinity Industries by 3.4% in the 2nd quarter. American Asset Management Inc. now owns 9,397 shares of the transportation company’s stock worth $263,000 after acquiring an additional 310 shares in the last quarter. Institutional investors and hedge funds own 82.46% of the company’s stock.
In other news, major shareholder Valueact Capital Master Fund, bought 425,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The stock was bought at an average price of $32.88 per share, with a total value of $13,974,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Holdings L.P. Valueact bought 125,000 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were purchased at an average cost of $32.89 per share, with a total value of $4,111,250.00. The disclosure for this purchase can be found here. Insiders have purchased 1,776,292 shares of company stock valued at $56,703,274 in the last three months. 2.00% of the stock is currently owned by corporate insiders.
Trinity Industries (NYSE:TRN) last released its quarterly earnings data on Wednesday, October 25th. The transportation company reported $0.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.11. Trinity Industries had a net margin of 5.97% and a return on equity of 5.32%. The firm had revenue of $973.60 million for the quarter, compared to the consensus estimate of $951.60 million. During the same period last year, the firm earned $0.55 earnings per share. The company’s quarterly revenue was down 12.4% on a year-over-year basis. equities research analysts expect that Trinity Industries, Inc. will post 1.49 earnings per share for the current year.
A number of brokerages have commented on TRN. Zacks Investment Research upgraded shares of Trinity Industries from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a research note on Thursday, August 17th. Cowen restated a “buy” rating and issued a $31.00 target price on shares of Trinity Industries in a research note on Monday, August 28th. TheStreet upgraded shares of Trinity Industries from a “c” rating to a “b-” rating in a research note on Monday, August 14th. Stifel Nicolaus reiterated a “buy” rating and set a $42.00 price objective (up from $31.00) on shares of Trinity Industries in a research note on Sunday, October 1st. Finally, BidaskClub upgraded shares of Trinity Industries from a “hold” rating to a “buy” rating in a research note on Friday, August 25th. One investment 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. Trinity Industries currently has a consensus rating of “Buy” and an average target price of $34.13.
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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