Valueact Capital Master Fund, Acquires 54,055 Shares of Trinity Industries, Inc. (TRN) Stock

Trinity Industries, Inc. (NYSE:TRN) major shareholder Valueact Capital Master Fund, purchased 54,055 shares of the stock in a transaction that occurred on Friday, September 8th. The stock was purchased at an average price of $28.46 per share, for a total transaction of $1,538,405.30. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Valueact Capital Master Fund, also recently made the following trade(s):

  • On Thursday, August 31st, Valueact Capital Master Fund, bought 248,941 shares of Trinity Industries stock. The stock was bought at an average cost of $28.65 per share, for a total transaction of $7,132,159.65.
  • On Wednesday, August 23rd, Valueact Capital Master Fund, bought 5,100 shares of Trinity Industries stock. The stock was bought at an average cost of $28.41 per share, for a total transaction of $144,891.00.
  • On Tuesday, August 22nd, Valueact Capital Master Fund, bought 375,000 shares of Trinity Industries stock. The stock was bought at an average cost of $28.15 per share, for a total transaction of $10,556,250.00.
  • On Thursday, August 17th, Valueact Capital Master Fund, bought 403,000 shares of Trinity Industries stock. The stock was bought at an average cost of $28.48 per share, for a total transaction of $11,477,440.00.
  • On Friday, August 11th, Valueact Capital Master Fund, bought 202,500 shares of Trinity Industries stock. The stock was bought at an average cost of $28.47 per share, for a total transaction of $5,765,175.00.
  • On Wednesday, August 9th, Valueact Capital Master Fund, bought 60,819 shares of Trinity Industries stock. The stock was bought at an average cost of $28.39 per share, for a total transaction of $1,726,651.41.

Trinity Industries, Inc. (TRN) opened at 29.67 on Wednesday. The company has a 50 day moving average price of $28.41 and a 200 day moving average price of $27.18. The stock has a market capitalization of $4.49 billion, a price-to-earnings ratio of 18.24 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 posted its quarterly earnings data on Tuesday, July 25th. The transportation company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.02. Trinity Industries had a net margin of 6.20% and a return on equity of 5.75%. The firm had revenue of $905.50 million for the quarter, compared to analysts’ expectations of $947.40 million. During the same period in the previous year, the company posted $0.62 EPS. The company’s quarterly revenue was down 23.6% compared to the same quarter last year. Equities research analysts predict that Trinity Industries, Inc. will post $1.25 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, October 13th will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend is Thursday, October 12th. Trinity Industries’s dividend payout ratio (DPR) is currently 32.10%.

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A number of research firms recently issued reports on TRN. Axiom Securities reaffirmed a “sell” rating on shares of Trinity Industries in a research note on Thursday, July 13th. Zacks Investment Research raised Trinity Industries from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a research note on Thursday, August 17th. TheStreet raised Trinity Industries from a “c” rating to a “b-” rating in a research note on Monday, August 14th. Cowen and Company reaffirmed a “buy” rating and issued a $31.00 target price on shares of Trinity Industries in a research note on Monday, August 28th. Finally, BidaskClub lowered Trinity Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $26.89.

Large investors have recently modified their holdings of the business. BNP Paribas Arbitrage SA boosted its stake in shares of Trinity Industries by 7.6% during the 1st quarter. BNP Paribas Arbitrage SA now owns 218,627 shares of the transportation company’s stock valued at $5,805,000 after buying an additional 15,523 shares during the period. Swiss National Bank boosted its stake in shares of Trinity Industries by 0.6% during the 1st quarter. Swiss National Bank now owns 251,900 shares of the transportation company’s stock valued at $6,688,000 after buying an additional 1,400 shares during the period. Creative Planning boosted its stake in shares of Trinity Industries by 17.0% during the 2nd quarter. Creative Planning now owns 20,344 shares of the transportation company’s stock valued at $570,000 after buying an additional 2,949 shares during the period. TIAA CREF Investment Management LLC boosted its stake in shares of Trinity Industries by 0.8% during the 1st quarter. TIAA CREF Investment Management LLC now owns 270,616 shares of the transportation company’s stock valued at $7,185,000 after buying an additional 2,232 shares during the period. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Trinity Industries during the 1st quarter valued at $3,159,000. 80.92% of the stock is owned by institutional investors.

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.

Insider Buying and Selling by Quarter for Trinity Industries (NYSE:TRN)

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