Teachers Retirement System of The State of Kentucky lowered its position in shares of Trinity Industries, Inc. (NYSE:TRN) by 8.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 35,370 shares of the transportation company’s stock after selling 3,430 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Trinity Industries were worth $939,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of TRN. First Mercantile Trust Co. purchased a new position in shares of Trinity Industries during the first quarter worth about $139,000. Invictus RG increased its position in shares of Trinity Industries by 466.4% in the first quarter. Invictus RG now owns 6,406 shares of the transportation company’s stock worth $170,000 after buying an additional 5,275 shares during the last quarter. Advisory Services Network LLC bought a new stake in Trinity Industries during the first quarter worth approximately $195,000. American Asset Management Inc. bought a new stake in Trinity Industries during the first quarter worth approximately $241,000. Finally, Stephens Inc. AR boosted its stake in Trinity Industries by 4.5% in the first quarter. Stephens Inc. AR now owns 9,404 shares of the transportation company’s stock worth $250,000 after buying an additional 405 shares during the period. 80.99% of the stock is currently owned by hedge funds and other institutional investors.
Trinity Industries, Inc. (NYSE TRN) traded up 0.31% during midday trading on Monday, hitting $28.67. 808,924 shares of the stock were exchanged. Trinity Industries, Inc. has a one year low of $20.80 and a one year high of $30.13. The stock has a market cap of $4.34 billion, a P/E ratio of 17.62 and a beta of 2.18. The firm has a 50-day moving average price of $27.84 and a 200-day moving average price of $27.09.
Trinity Industries (NYSE:TRN) last issued its quarterly earnings data on Tuesday, July 25th. The transportation company reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.02. The business had revenue of $905.50 million for the quarter, compared to analyst estimates of $947.40 million. Trinity Industries had a return on equity of 5.75% and a net margin of 6.20%. The firm’s revenue for the quarter was down 23.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.62 EPS. On average, equities research analysts anticipate that Trinity Industries, Inc. will post $1.25 EPS for the current fiscal year.
TRN has been the subject of a number of recent analyst reports. Zacks Investment Research cut shares of Trinity Industries from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 25th. ValuEngine upgraded shares of Trinity Industries from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. BidaskClub upgraded shares of Trinity Industries from a “strong sell” rating to a “sell” rating in a research note on Thursday, June 15th. Axiom Securities reiterated a “sell” rating on shares of Trinity Industries in a research note on Friday, June 16th. Finally, Buckingham Research started coverage on shares of Trinity Industries in a research note on Wednesday, June 21st. They issued a “buy” rating and a $32.00 target price for the company. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $26.78.
In other Trinity Industries news, insider D Stephen Menzies sold 27,742 shares of the firm’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $26.11, for a total value of $724,343.62. Following the completion of the sale, the insider now owns 236,707 shares in the company, valued at approximately $6,180,419.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Holdings L.P. Valueact acquired 167,395 shares of Trinity Industries stock in a transaction on Thursday, August 3rd. The stock was purchased at an average price of $27.51 per share, with a total value of $4,605,036.45. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 421,028 shares of company stock valued at $11,683,822. 2.00% of the stock is owned by corporate 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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