Mackenzie Financial Corp grew its stake in Trinity Industries, Inc. (NYSE:TRN) by 10.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 111,265 shares of the transportation company’s stock after acquiring an additional 10,115 shares during the quarter. Mackenzie Financial Corp owned about 0.07% of Trinity Industries worth $3,549,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Trinity Industries by 0.6% in the second quarter. Vanguard Group Inc. now owns 12,345,367 shares of the transportation company’s stock valued at $346,040,000 after acquiring an additional 78,124 shares in the last quarter. Janus Henderson Group PLC purchased a new stake in shares of Trinity Industries in the second quarter valued at $108,733,000. First Trust Advisors LP lifted its position in shares of Trinity Industries by 3.5% in the second quarter. First Trust Advisors LP now owns 1,116,527 shares of the transportation company’s stock valued at $31,296,000 after acquiring an additional 38,006 shares in the last quarter. Jennison Associates LLC lifted its position in Trinity Industries by 15.3% during the third quarter. Jennison Associates LLC now owns 1,070,222 shares of the transportation company’s stock worth $34,140,000 after buying an additional 141,992 shares during the period. Finally, Parametric Portfolio Associates LLC lifted its position in Trinity Industries by 13.0% during the second quarter. Parametric Portfolio Associates LLC now owns 733,185 shares of the transportation company’s stock worth $20,551,000 after buying an additional 84,233 shares during the period. Institutional investors and hedge funds own 82.46% of the company’s stock.
TRN has been the topic of several recent analyst reports. UBS upgraded Trinity Industries from a “neutral” rating to a “positive” rating in a research report on Monday, November 6th. ValuEngine upgraded Trinity Industries from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research downgraded Trinity Industries from a “buy” rating to a “hold” rating in a research report on Friday, September 29th. Cowen reiterated a “buy” rating and set a $31.00 target price on shares of Trinity Industries in a research report on Sunday, October 1st. Finally, Susquehanna Bancshares upgraded Trinity Industries from a “neutral” rating to a “positive” rating in a research report on Monday, November 6th. One 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’s stock. The company currently has a consensus rating of “Buy” and an average price target of $34.13.
Trinity Industries (NYSE:TRN) last released its quarterly earnings data on Wednesday, October 25th. The transportation company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.11. The company had revenue of $973.60 million for the quarter, compared to the consensus estimate of $951.60 million. Trinity Industries had a return on equity of 5.32% and a net margin of 5.97%. The company’s quarterly revenue was down 12.4% compared to the same quarter last year. During the same period last year, the business posted $0.55 EPS. sell-side analysts predict that Trinity Industries, Inc. will post 1.49 EPS for the current fiscal year.
In other news, major shareholder Holdings L.P. Valueact acquired 300,000 shares of the business’s stock in a transaction dated Thursday, October 26th. The shares were bought at an average cost of $31.45 per share, for a total transaction of $9,435,000.00. The purchase was disclosed in a document filed 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 stock was purchased 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 bought 1,722,237 shares of company stock worth $55,164,869. Company insiders own 2.00% of the company’s stock.
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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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