Wellington Shields Capital Management LLC Buys New Position in Trinity Industries Inc (TRN)

Wellington Shields Capital Management LLC bought a new stake in shares of Trinity Industries Inc (NYSE:TRN) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 5,600 shares of the transportation company’s stock, valued at approximately $210,000.

Other large investors have also recently made changes to their positions in the company. ValueAct Holdings L.P. raised its stake in Trinity Industries by 10.7% during the 3rd quarter. ValueAct Holdings L.P. now owns 17,255,115 shares of the transportation company’s stock valued at $550,438,000 after purchasing an additional 1,672,510 shares during the period. Cipher Capital LP acquired a new stake in Trinity Industries during the 3rd quarter valued at $816,000. Chesapeake Asset Management LLC raised its stake in Trinity Industries by 95.9% during the 3rd quarter. Chesapeake Asset Management LLC now owns 54,497 shares of the transportation company’s stock valued at $1,738,000 after purchasing an additional 26,682 shares during the period. Zuckerman Investment Group LLC raised its stake in Trinity Industries by 111.4% during the 3rd quarter. Zuckerman Investment Group LLC now owns 329,933 shares of the transportation company’s stock valued at $10,525,000 after purchasing an additional 173,883 shares during the period. Finally, James Investment Research Inc. raised its stake in Trinity Industries by 15.2% during the 4th quarter. James Investment Research Inc. now owns 413,366 shares of the transportation company’s stock valued at $15,485,000 after purchasing an additional 54,610 shares during the period. 83.19% of the stock is currently owned by institutional investors.

In other news, SVP William A. Mcwhirter sold 20,000 shares of the company’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $36.90, for a total value of $738,000.00. Following the transaction, the senior vice president now directly owns 191,339 shares of the company’s stock, valued at $7,060,409.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Valueact Capital Master Fund, purchased 425,000 shares of the company’s stock in a transaction dated Wednesday, November 15th. The stock was bought at an average cost of $32.88 per share, for a total transaction of $13,974,000.00. The disclosure for this purchase can be found here. Corporate insiders own 2.00% of the company’s stock.

Trinity Industries Inc (TRN) opened at $31.90 on Friday. Trinity Industries Inc has a one year low of $25.01 and a one year high of $38.25. The company has a quick ratio of 2.62, a current ratio of 3.70 and a debt-to-equity ratio of 0.75. The firm has a market cap of $4,822.17, a price-to-earnings ratio of 21.18, a PEG ratio of 2.30 and a beta of 2.07.

Trinity Industries declared that its board has authorized a share buyback program on Tuesday, December 12th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the transportation company to purchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Friday, January 12th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date was Thursday, January 11th. Trinity Industries’s dividend payout ratio (DPR) is presently 34.67%.

Several brokerages have issued reports on TRN. Stifel Nicolaus set a $40.00 target price on shares of Trinity Industries and gave the company a “buy” rating in a research note on Friday. Zacks Investment Research raised shares of Trinity Industries from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a research note on Saturday, February 3rd. ValuEngine raised shares of Trinity Industries from a “hold” rating to a “buy” rating in a research note on Thursday. Cowen reissued a “buy” rating and set a $39.00 target price (up from $31.00) on shares of Trinity Industries in a research note on Tuesday, October 17th. They noted that the move was a valuation call. Finally, UBS Group raised shares of Trinity Industries from a “neutral” rating to a “positive” rating in a research note on Monday, November 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $35.38.

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Trinity Industries 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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