Public Employees Retirement System of Ohio maintained its stake in shares of Trinity Industries, Inc. (NYSE:TRN) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 67,237 shares of the transportation company’s stock at the end of the first quarter. Public Employees Retirement System of Ohio’s holdings in Trinity Industries were worth $1,785,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Thrivent Financial for Lutherans increased its stake in shares of Trinity Industries by 9.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 26,100 shares of the transportation company’s stock worth $725,000 after buying an additional 2,180 shares during the last quarter. Norges Bank acquired a new position in Trinity Industries during the fourth quarter worth $33,224,000. Highbridge Capital Management LLC acquired a new position in Trinity Industries during the fourth quarter worth $779,000. New England Research & Management Inc. boosted its position in Trinity Industries by 127.8% in the first quarter. New England Research & Management Inc. now owns 22,015 shares of the transportation company’s stock worth $584,000 after buying an additional 12,350 shares during the last quarter. Finally, Creative Planning boosted its position in shares of Trinity Industries by 4.0% in the first quarter. Creative Planning now owns 17,395 shares of the transportation company’s stock worth $462,000 after buying an additional 663 shares during the last quarter. Hedge funds and other institutional investors own 80.54% of the company’s stock.
Trinity Industries, Inc. (TRN) traded up 0.62% during trading on Friday, hitting $27.78. The company had a trading volume of 36,429 shares. The company’s 50 day moving average price is $27.48 and its 200-day moving average price is $27.05. The company has a market cap of $4.20 billion, a PE ratio of 17.07 and a beta of 2.18. Trinity Industries, Inc. has a 12 month low of $20.80 and a 12 month high of $30.13.
Trinity Industries (NYSE:TRN) last issued its quarterly earnings data on Tuesday, July 25th. The transportation company reported $0.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.02. The firm had revenue of $905.50 million during the quarter, compared to analysts’ expectations of $947.40 million. Trinity Industries had a net margin of 6.20% and a return on equity of 5.75%. The business’s revenue for the quarter was down 23.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.62 earnings per share. Equities analysts expect that Trinity Industries, Inc. will post $1.25 earnings per share for the current year.
A number of brokerages have commented on TRN. Axiom Securities reissued a “sell” rating on shares of Trinity Industries in a report on Wednesday, July 26th. BidaskClub cut Trinity Industries from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Buckingham Research began coverage on Trinity Industries in a research report on Wednesday, June 21st. They issued a “buy” rating and a $32.00 price objective for the company. Zacks Investment Research upgraded Trinity Industries from a “sell” rating to a “hold” rating and set a $31.00 price objective for the company in a research report on Wednesday, July 19th. Finally, Stifel Nicolaus upgraded Trinity Industries from a “hold” rating to a “buy” rating and raised their price target for the stock from $29.00 to $31.00 in a research report on Thursday, July 27th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $26.78.
In related news, insider D Stephen Menzies sold 27,742 shares of the business’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $26.11, for a total transaction of $724,343.62. Following the completion of the transaction, the insider now owns 236,707 shares in the company, valued at $6,180,419.77. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.00% of the stock is currently owned by insiders.
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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