Trinity Industries (NYSE:TRN) EVP Kevin Poet Sells 17,000 Shares

Trinity Industries, Inc. (NYSE:TRN) EVP Kevin Poet sold 17,000 shares of Trinity Industries stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $29.55, for a total value of $502,350.00. Following the completion of the sale, the executive vice president directly owned 69,225 shares in the company, valued at approximately $2,045,598.75. The trade was a 19.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Trinity Industries Stock Down 0.3%

Shares of TRN opened at $29.49 on Thursday. The company has a debt-to-equity ratio of 4.56, a current ratio of 1.89 and a quick ratio of 0.91. The stock has a market capitalization of $2.35 billion, a price-to-earnings ratio of 7.11 and a beta of 1.37. Trinity Industries, Inc. has a 1 year low of $24.76 and a 1 year high of $38.31. The business’s 50 day simple moving average is $33.52 and its 200-day simple moving average is $33.20.

Institutional Trading of Trinity Industries

A number of institutional investors have recently bought and sold shares of TRN. BlackRock Inc. increased its position in Trinity Industries by 2.9% during the second quarter. BlackRock Inc. now owns 13,356,707 shares of the transportation company’s stock valued at $461,875,000 after acquiring an additional 370,390 shares during the last quarter. Capital International Investors raised its stake in shares of Trinity Industries by 65.1% in the fourth quarter. Capital International Investors now owns 8,927,843 shares of the transportation company’s stock valued at $236,251,000 after acquiring an additional 3,518,796 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Trinity Industries by 1.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,801,236 shares of the transportation company’s stock worth $154,500,000 after acquiring an additional 81,263 shares during the last quarter. California State Teachers Retirement System lifted its holdings in shares of Trinity Industries by 3,268.8% in the 2nd quarter. California State Teachers Retirement System now owns 3,305,053 shares of the transportation company’s stock worth $114,289,000 after acquiring an additional 3,206,944 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of Trinity Industries by 2.6% during the 4th quarter. State Street Corp now owns 3,106,755 shares of the transportation company’s stock worth $82,143,000 after purchasing an additional 79,332 shares during the period. 86.57% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on TRN. Weiss Ratings cut shares of Trinity Industries from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, August 13th. Susquehanna decreased their target price on shares of Trinity Industries from $35.00 to $34.00 and set a “neutral” rating on the stock in a research report on Friday, July 31st. Wall Street Zen downgraded shares of Trinity Industries from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $36.00 price target on shares of Trinity Industries in a report on Thursday, April 30th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Trinity Industries has an average rating of “Hold” and a consensus target price of $35.00.

Trinity Industries Company Profile

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.