Orchard Capital Management LLC Purchases Shares of 78,235 Trinity Industries, Inc. $TRN

Orchard Capital Management LLC acquired a new position in shares of Trinity Industries, Inc. (NYSE:TRN) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 78,235 shares of the transportation company’s stock, valued at approximately $2,705,000. Trinity Industries comprises about 2.6% of Orchard Capital Management LLC’s investment portfolio, making the stock its 15th biggest position.

A number of other institutional investors also recently made changes to their positions in TRN. BlackRock Inc. grew its position in shares of Trinity Industries by 2.9% in the second quarter. BlackRock Inc. now owns 13,356,707 shares of the transportation company’s stock valued at $461,875,000 after purchasing an additional 370,390 shares during the last quarter. Deutsche Bank AG lifted its holdings in Trinity Industries by 68.2% during the 2nd quarter. Deutsche Bank AG now owns 120,067 shares of the transportation company’s stock worth $4,152,000 after purchasing an additional 48,691 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Trinity Industries by 0.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 890,037 shares of the transportation company’s stock worth $30,777,000 after purchasing an additional 3,568 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in Trinity Industries by 317.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 35,940 shares of the transportation company’s stock valued at $1,243,000 after purchasing an additional 27,332 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its stake in Trinity Industries by 500.0% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 25,211 shares of the transportation company’s stock valued at $872,000 after purchasing an additional 21,009 shares during the period. Institutional investors own 86.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TRN. Weiss Ratings cut Trinity Industries from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, August 13th. Susquehanna reduced their target price on shares of Trinity Industries from $35.00 to $34.00 and set a “neutral” rating for the company in a research report on Friday, July 31st. The Goldman Sachs Group restated a “neutral” rating and issued a $36.00 price target on shares of Trinity Industries in a research note on Thursday, April 30th. Finally, Wall Street Zen lowered shares of Trinity Industries from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Trinity Industries presently has a consensus rating of “Hold” and a consensus target price of $35.00.

Trinity Industries Price Performance

Shares of NYSE TRN opened at $29.81 on Friday. The business has a fifty day moving average price of $33.83 and a two-hundred day moving average price of $33.18. The stock has a market capitalization of $2.37 billion, a PE ratio of 7.18 and a beta of 1.37. The company has a debt-to-equity ratio of 4.56, a current ratio of 1.89 and a quick ratio of 0.91. Trinity Industries, Inc. has a fifty-two week low of $24.76 and a fifty-two week high of $38.31.

About Trinity Industries

Trinity Industries, Inc is a diversified industrial company headquartered in Dallas, Texas, with roots dating back to its incorporation in 1933. The company principally serves the transportation, infrastructure and energy sectors through the design, manufacture and leasing of railcars and related components. Trinity operates multiple business segments that encompass railcar manufacturing, aftermarket parts production, railcar leasing and management, inland barge construction and leasing, as well as infrastructure products for highways and energy applications.

In its railcar segment, Trinity produces a broad portfolio of freight cars—including tank cars, covered hoppers, gondolas and autoracks—alongside critical system components such as braking systems, couplers and wheels.