Caxton Associates LP Acquires 1,300 Shares of Trinity Industries, Inc. (TRN)

Caxton Associates LP boosted its position in shares of Trinity Industries, Inc. (NYSE:TRN) by 10.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,600 shares of the transportation company’s stock after purchasing an additional 1,300 shares during the period. Caxton Associates LP’s holdings in Trinity Industries were worth $381,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Atlantic Trust Group LLC purchased a new stake in shares of Trinity Industries in the 2nd quarter valued at approximately $618,000. Creative Planning raised its stake in shares of Trinity Industries by 17.0% in the 2nd quarter. Creative Planning now owns 20,344 shares of the transportation company’s stock valued at $570,000 after acquiring an additional 2,949 shares during the period. TIAA CREF Investment Management LLC raised its stake in shares of Trinity Industries by 0.8% in the 1st quarter. TIAA CREF Investment Management LLC now owns 270,616 shares of the transportation company’s stock valued at $7,185,000 after acquiring an additional 2,232 shares during the period. Point72 Asset Management L.P. purchased a new stake in shares of Trinity Industries in the 1st quarter valued at approximately $3,159,000. Finally, Legal & General Group Plc raised its stake in shares of Trinity Industries by 35.4% in the 1st quarter. Legal & General Group Plc now owns 207,410 shares of the transportation company’s stock valued at $5,506,000 after acquiring an additional 54,173 shares during the period. 80.82% of the stock is currently owned by institutional investors.

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Shares of Trinity Industries, Inc. (NYSE:TRN) traded down 0.23% during midday trading on Friday, reaching $34.11. 23,443 shares of the company traded hands. Trinity Industries, Inc. has a 12 month low of $20.80 and a 12 month high of $35.97. The company’s 50 day moving average is $30.94 and its 200-day moving average is $28.07. The stock has a market capitalization of $5.16 billion, a price-to-earnings ratio of 20.96 and a beta of 2.19.

Trinity Industries (NYSE:TRN) last posted its quarterly earnings results on Tuesday, July 25th. The transportation company reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.02. Trinity Industries had a net margin of 6.20% and a return on equity of 5.75%. The firm had revenue of $905.50 million for the quarter, compared to analyst estimates of $947.40 million. During the same quarter last year, the firm posted $0.62 earnings per share. Trinity Industries’s revenue for the quarter was down 23.6% compared to the same quarter last year. Equities research analysts forecast that Trinity Industries, Inc. will post $1.23 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, October 13th will be issued a $0.13 dividend. The ex-dividend date is Thursday, October 12th. This represents a $0.52 annualized dividend and a yield of 1.52%. Trinity Industries’s payout ratio is 32.10%.

A number of research firms have recently issued reports on TRN. Stephens reissued an “equal weight” rating and issued a $35.00 price target (up from $29.00) on shares of Trinity Industries in a research note on Tuesday, October 3rd. KeyCorp reissued a “buy” rating and issued a $41.00 price target (up from $34.00) on shares of Trinity Industries in a research note on Monday, October 2nd. Zacks Investment Research raised shares of Trinity Industries from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a research note on Thursday, August 17th. Cowen and Company reissued a “buy” rating and issued a $31.00 price target on shares of Trinity Industries in a research note on Sunday, October 1st. Finally, Buckingham Research boosted their price target on shares of Trinity Industries from $34.00 to $36.00 and gave the company a “buy” rating in a research note on Monday, October 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. Trinity Industries presently has an average rating of “Buy” and a consensus price target of $34.25.

In other news, major shareholder Valueact Capital Master Fund, acquired 54,055 shares of the company’s stock in a transaction dated Friday, September 8th. The shares were bought at an average price of $28.46 per share, for a total transaction of $1,538,405.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Holdings L.P. Valueact acquired 100,000 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The shares were purchased at an average price of $27.38 per share, for a total transaction of $2,738,000.00. The disclosure for this purchase can be found here. Insiders purchased 1,709,624 shares of company stock worth $48,298,143 in the last 90 days. 2.00% of the stock is currently owned by insiders.

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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Institutional Ownership by Quarter for Trinity Industries (NYSE:TRN)

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