Corient Private Wealth LP Makes New Investment in Trinity Industries, Inc. $TRN

Corient Private Wealth LP purchased a new position in shares of Trinity Industries, Inc. (NYSE:TRN) during the second quarter, Holdings Channel.com reports. The firm purchased 48,103 shares of the transportation company’s stock, valued at approximately $1,663,000.

Other large investors also recently modified their holdings of the company. Smartleaf Asset Management LLC increased its stake in shares of Trinity Industries by 24.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,538 shares of the transportation company’s stock valued at $41,000 after acquiring an additional 298 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in Trinity Industries by 8.3% in the first quarter. PNC Financial Services Group Inc. now owns 5,567 shares of the transportation company’s stock worth $179,000 after purchasing an additional 427 shares during the period. Royal Bank of Canada grew its holdings in Trinity Industries by 0.6% in the first quarter. Royal Bank of Canada now owns 73,775 shares of the transportation company’s stock worth $2,069,000 after purchasing an additional 457 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in Trinity Industries by 94.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,016 shares of the transportation company’s stock worth $27,000 after purchasing an additional 494 shares during the period. Finally, Cerity Partners LLC increased its stake in Trinity Industries by 3.5% in the second quarter. Cerity Partners LLC now owns 16,343 shares of the transportation company’s stock valued at $441,000 after purchasing an additional 549 shares in the last quarter. Institutional investors and hedge funds own 86.57% of the company’s stock.

Trinity Industries Price Performance

Shares of TRN opened at $28.14 on Friday. The business’s fifty day moving average is $32.73 and its 200 day moving average is $33.05. Trinity Industries, Inc. has a 12-month low of $24.76 and a 12-month high of $38.31. The company has a quick ratio of 0.91, a current ratio of 1.89 and a debt-to-equity ratio of 4.56. The stock has a market cap of $2.24 billion, a P/E ratio of 6.78 and a beta of 1.35.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other Trinity Industries news, EVP Kevin Poet sold 17,000 shares of the company’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $29.55, for a total transaction of $502,350.00. Following the transaction, the executive vice president owned 69,225 shares in the company, valued at approximately $2,045,598.75. This represents a 19.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.10% of the company’s stock.

Trinity Industries 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.