Holdings L.P. Valueact Acquires 300,000 Shares of Trinity Industries, Inc. (TRN) Stock

Trinity Industries, Inc. (NYSE:TRN) major shareholder Holdings L.P. Valueact acquired 300,000 shares of the business’s stock in a transaction on Thursday, October 26th. The shares were purchased at an average cost of $31.45 per share, for a total transaction of $9,435,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Holdings L.P. Valueact also recently made the following trade(s):

  • On Tuesday, August 8th, Holdings L.P. Valueact acquired 7,114 shares of Trinity Industries stock. The shares were purchased at an average cost of $28.50 per share, for a total transaction of $202,749.00.
  • On Monday, August 7th, Holdings L.P. Valueact acquired 30,000 shares of Trinity Industries stock. The shares were purchased at an average cost of $28.30 per share, for a total transaction of $849,000.00.
  • On Friday, August 4th, Holdings L.P. Valueact acquired 55,700 shares of Trinity Industries stock. The shares were purchased at an average cost of $28.05 per share, for a total transaction of $1,562,385.00.
  • On Thursday, August 3rd, Holdings L.P. Valueact acquired 167,395 shares of Trinity Industries stock. The shares were purchased at an average cost of $27.51 per share, for a total transaction of $4,605,036.45.
  • On Wednesday, August 2nd, Holdings L.P. Valueact acquired 100,000 shares of Trinity Industries stock. The shares were purchased at an average cost of $27.38 per share, for a total transaction of $2,738,000.00.

Shares of Trinity Industries, Inc. (TRN) opened at 32.52 on Wednesday. The company has a market capitalization of $4.92 billion, a PE ratio of 19.99 and a beta of 2.19. The stock has a 50 day moving average price of $32.54 and a 200-day moving average price of $28.74. Trinity Industries, Inc. has a 12 month low of $20.80 and a 12 month high of $35.97.

Trinity Industries (NYSE:TRN) last issued its earnings results on Wednesday, October 25th. The transportation company reported $0.43 EPS for the quarter, topping 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 business had revenue of $973.60 million for the quarter, compared to analyst estimates of $951.60 million. During the same period last year, the company posted $0.55 earnings per share. The company’s quarterly revenue was down 12.4% compared to the same quarter last year. Analysts forecast that Trinity Industries, Inc. will post $1.48 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Friday, October 13th were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, October 12th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.60%. Trinity Industries’s dividend payout ratio is presently 34.67%.

COPYRIGHT VIOLATION WARNING: “Holdings L.P. Valueact Acquires 300,000 Shares of Trinity Industries, Inc. (TRN) Stock” was originally reported by Community Financial News and is the property of of Community Financial News. If you are reading this piece of content on another website, it was copied illegally and republished in violation of U.S. & international copyright and trademark law. The original version of this piece of content can be viewed at https://www.com-unik.info/2017/11/01/holdings-l-p-valueact-acquires-300000-shares-of-trinity-industries-inc-trn-stock.html.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Mercantile Trust Co. boosted its stake in shares of Trinity Industries by 10.9% during the second quarter. First Mercantile Trust Co. now owns 5,800 shares of the transportation company’s stock valued at $163,000 after purchasing an additional 570 shares in the last quarter. Pacad Investment Ltd. boosted its stake in shares of Trinity Industries by 36.5% during the second quarter. Pacad Investment Ltd. now owns 7,100 shares of the transportation company’s stock valued at $199,000 after purchasing an additional 1,900 shares in the last quarter. Fisher Asset Management LLC bought a new position in shares of Trinity Industries during the second quarter valued at approximately $205,000. Quantitative Systematic Strategies LLC bought a new position in shares of Trinity Industries during the second quarter valued at approximately $208,000. Finally, Dearborn Partners LLC bought a new position in shares of Trinity Industries during the second quarter valued at approximately $209,000. Hedge funds and other institutional investors own 80.53% of the company’s stock.

Several analysts have weighed in on the company. Axiom Securities reaffirmed a “sell” rating on shares of Trinity Industries in a research report on Thursday, July 13th. Zacks Investment Research raised Trinity Industries from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a research report on Thursday, August 17th. TheStreet raised Trinity Industries from a “c” rating to a “b-” rating in a research report on Monday, August 14th. Cowen and Company reaffirmed a “buy” rating and set a $31.00 price objective on shares of Trinity Industries in a research report on Monday, August 28th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $42.00 price objective (up from $31.00) on shares of Trinity Industries in a research report on Sunday, October 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target 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.

Insider Buying and Selling by Quarter for Trinity Industries (NYSE:TRN)

What are top analysts saying about Trinity Industries Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Trinity Industries Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit