Trinity Industries, Inc. (TRN) Stake Boosted by Nordea Investment Management AB

Nordea Investment Management AB lifted its stake in shares of Trinity Industries, Inc. (NYSE:TRN) by 4.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 74,238 shares of the transportation company’s stock after purchasing an additional 3,148 shares during the quarter. Nordea Investment Management AB’s holdings in Trinity Industries were worth $2,368,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of TRN. First Mercantile Trust Co. grew its stake in Trinity Industries by 10.9% in the 2nd 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 last quarter. Pacad Investment Ltd. grew its stake in Trinity Industries by 36.5% in the 2nd 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 last quarter. Dearborn Partners LLC acquired a new stake in Trinity Industries in the 2nd quarter valued at about $209,000. Sippican Capital Advisors acquired a new stake in Trinity Industries in the 3rd quarter valued at about $211,000. Finally, Capstone Investment Advisors Netherlands B.V. acquired a new stake in Trinity Industries in the 2nd quarter valued at about $230,000. 82.46% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts recently commented on the stock. Susquehanna Bancshares raised shares of Trinity Industries from a “neutral” rating to a “positive” rating in a research note on Monday, November 6th. UBS raised shares of Trinity Industries from a “neutral” rating to a “positive” rating in a research note on Monday, November 6th. Stifel Nicolaus lowered their price objective on shares of Trinity Industries from $42.00 to $41.00 and set a “buy” rating on the stock in a research note on Friday, October 27th. Zacks Investment Research lowered shares of Trinity Industries from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. Finally, Cowen restated a “buy” rating and issued a $39.00 target price (up from $31.00) on shares of Trinity Industries in a report on Tuesday, October 17th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company. Trinity Industries presently has a consensus rating of “Buy” and an average price target of $34.13.

In related news, major shareholder Holdings L.P. Valueact acquired 125,000 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were acquired at an average cost of $32.89 per share, for a total transaction of $4,111,250.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Valueact Capital Master Fund, acquired 425,000 shares of the business’s stock in a transaction dated Wednesday, November 15th. The shares were bought at an average price of $32.88 per share, for a total transaction of $13,974,000.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 1,776,292 shares of company stock worth $56,703,274. 2.00% of the stock is owned by insiders.

Trinity Industries, Inc. (TRN) traded up $0.06 during trading hours on Wednesday, reaching $36.07. 1,460,700 shares of the company’s stock were exchanged, compared to its average volume of 1,280,829. The stock has a market cap of $5,465.73, a price-to-earnings ratio of 24.01, a price-to-earnings-growth ratio of 2.42 and a beta of 2.26. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.62 and a current ratio of 3.70. Trinity Industries, Inc. has a 52 week low of $25.01 and a 52 week high of $36.55.

Trinity Industries (NYSE:TRN) last released its 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. The company had revenue of $973.60 million for the quarter, compared to analyst estimates of $951.60 million. Trinity Industries had a net margin of 5.97% and a return on equity of 5.32%. The firm’s quarterly revenue was down 12.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.55 EPS. equities analysts predict that Trinity Industries, Inc. will post 1.49 earnings per share for the current year.

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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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