Trinity Industries, Inc. (TRN) Shares Sold by National Planning Corp

National Planning Corp lowered its holdings in Trinity Industries, Inc. (NYSE:TRN) by 28.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,770 shares of the transportation company’s stock after selling 2,260 shares during the quarter. National Planning Corp’s holdings in Trinity Industries were worth $202,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TRN. US Bancorp DE grew its holdings in Trinity Industries by 2.2% in the 2nd quarter. US Bancorp DE now owns 22,408 shares of the transportation company’s stock valued at $628,000 after buying an additional 492 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Trinity Industries by 24.6% during the 2nd quarter. Janney Montgomery Scott LLC now owns 15,037 shares of the transportation company’s stock worth $421,000 after purchasing an additional 2,968 shares in the last quarter. Great West Life Assurance Co. Can grew its holdings in shares of Trinity Industries by 2.2% during the 2nd quarter. Great West Life Assurance Co. Can now owns 92,907 shares of the transportation company’s stock worth $2,603,000 after purchasing an additional 1,962 shares in the last quarter. Sei Investments Co. grew its holdings in shares of Trinity Industries by 9.9% during the 2nd quarter. Sei Investments Co. now owns 364,365 shares of the transportation company’s stock worth $10,212,000 after purchasing an additional 32,913 shares in the last quarter. Finally, Seven Bridges Advisors LLC grew its holdings in shares of Trinity Industries by 12.6% during the 2nd quarter. Seven Bridges Advisors LLC now owns 19,887 shares of the transportation company’s stock worth $557,000 after purchasing an additional 2,226 shares in the last quarter. 82.46% of the stock is currently owned by hedge funds and other institutional investors.

Trinity Industries, Inc. (NYSE TRN) traded up $0.06 during trading on Wednesday, hitting $36.07. The company had a trading volume of 1,460,700 shares, compared to its average volume of 1,280,829. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.70 and a quick ratio of 2.62. The company has a market cap of $5,465.73, a P/E ratio of 24.01, a PEG ratio of 2.42 and a beta of 2.26. Trinity Industries, Inc. has a 1-year low of $25.01 and a 1-year high of $36.55.

Trinity Industries (NYSE:TRN) last posted its earnings results on Wednesday, October 25th. The transportation company reported $0.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.11. The business had revenue of $973.60 million during 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%. Trinity Industries’s revenue was down 12.4% on a year-over-year basis. During the same quarter last year, the company earned $0.55 EPS. sell-side analysts anticipate that Trinity Industries, Inc. will post 1.49 EPS for the current year.

Several brokerages have recently weighed in on TRN. ValuEngine lowered Trinity Industries from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Stephens reissued an “equal weight” rating and set a $35.00 price objective (up previously from $29.00) on shares of Trinity Industries in a report on Tuesday, October 3rd. Cowen lifted their price objective on Trinity Industries from $31.00 to $39.00 and gave the stock an “outperform” rating in a report on Thursday, October 5th. Zacks Investment Research lowered Trinity Industries from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. Finally, Susquehanna Bancshares raised Trinity Industries from a “neutral” rating to a “positive” rating in a report on Monday, November 6th. 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 stock. The company has a consensus rating of “Buy” and a consensus price target of $34.13.

In related news, major shareholder Valueact Capital Master Fund, bought 54,055 shares of the business’s stock in a transaction that occurred on Friday, September 8th. The stock was acquired at an average price of $28.46 per share, for a total transaction of $1,538,405.30. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Holdings L.P. Valueact bought 125,000 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The shares were bought at an average price of $32.89 per share, with a total value of $4,111,250.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 1,776,292 shares of company stock valued at $56,703,274 in the last 90 days. 2.00% of the stock is owned by corporate insiders.

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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.

Institutional Ownership by Quarter for Trinity Industries (NYSE:TRN)

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