Trinity Industries, Inc. (TRN) Major Shareholder Purchases $26,376,768.00 in Stock

Trinity Industries, Inc. (NYSE:TRN) major shareholder Valueact Capital Master Fund, acquired 832,600 shares of Trinity Industries stock in a transaction on Monday, October 30th. The shares were bought at an average price of $31.68 per share, for a total transaction of $26,376,768.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Valueact Capital Master Fund, also recently made the following trade(s):

  • On Friday, September 8th, Valueact Capital Master Fund, acquired 54,055 shares of Trinity Industries stock. The shares were bought at an average price of $28.46 per share, for a total transaction of $1,538,405.30.
  • On Thursday, August 31st, Valueact Capital Master Fund, acquired 248,941 shares of Trinity Industries stock. The shares were bought at an average price of $28.65 per share, for a total transaction of $7,132,159.65.
  • On Wednesday, August 23rd, Valueact Capital Master Fund, acquired 5,100 shares of Trinity Industries stock. The shares were bought at an average price of $28.41 per share, for a total transaction of $144,891.00.
  • On Tuesday, August 22nd, Valueact Capital Master Fund, acquired 375,000 shares of Trinity Industries stock. The shares were bought at an average price of $28.15 per share, for a total transaction of $10,556,250.00.
  • On Thursday, August 17th, Valueact Capital Master Fund, acquired 403,000 shares of Trinity Industries stock. The shares were bought at an average price of $28.48 per share, for a total transaction of $11,477,440.00.
  • On Friday, August 11th, Valueact Capital Master Fund, acquired 202,500 shares of Trinity Industries stock. The shares were bought at an average price of $28.47 per share, for a total transaction of $5,765,175.00.
  • On Wednesday, August 9th, Valueact Capital Master Fund, acquired 60,819 shares of Trinity Industries stock. The shares were bought at an average price of $28.39 per share, for a total transaction of $1,726,651.41.

Trinity Industries (NYSE:TRN) last released its quarterly earnings results on Wednesday, October 25th. The transportation company reported $0.43 earnings per share (EPS) for the quarter, beating 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 company had revenue of $973.60 million during the quarter, compared to analysts’ expectations of $951.60 million. During the same period in the prior year, the company earned $0.55 earnings per share. The business’s quarterly revenue was down 12.4% compared to the same quarter last year.

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

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Hedge funds have recently added to or reduced their stakes in the business. First Mercantile Trust Co. boosted its holdings in 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 acquiring an additional 570 shares during the period. Pacad Investment Ltd. boosted its holdings in 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 acquiring an additional 1,900 shares during the period. Fisher Asset Management LLC bought a new stake in Trinity Industries during the second quarter valued at about $205,000. Quantitative Systematic Strategies LLC bought a new stake in Trinity Industries during the second quarter valued at about $208,000. Finally, Dearborn Partners LLC bought a new stake in Trinity Industries during the second quarter valued at about $209,000. Institutional investors own 80.53% of the company’s stock.

A number of research analysts have commented on the company. Axiom Securities restated a “sell” rating on shares of Trinity Industries in a research note on Wednesday, July 26th. Citigroup Inc. upgraded Trinity Industries from a “neutral” rating to a “buy” rating and reduced their price objective for the stock from $45.00 to $36.00 in a research note on Friday, September 29th. Zacks Investment Research cut Trinity Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. BidaskClub cut Trinity Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, ValuEngine cut Trinity Industries from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. Trinity Industries currently has an average rating of “Buy” and an average target price of $34.13.

About Trinity Industries

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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