Insider Buying: Trinity Industries, Inc. (TRN) Major Shareholder Acquires 425,000 Shares of Stock

Trinity Industries, Inc. (NYSE:TRN) major shareholder Valueact Capital Master Fund, acquired 425,000 shares of the company’s stock in a transaction on Wednesday, November 15th. The stock was acquired at an average cost of $32.88 per share, for a total transaction of $13,974,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own more than 10% 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 Wednesday, November 8th, Valueact Capital Master Fund, acquired 25,950 shares of Trinity Industries stock. The stock was acquired at an average cost of $31.99 per share, for a total transaction of $830,140.50.
  • On Friday, November 3rd, Valueact Capital Master Fund, acquired 13,687 shares of Trinity Industries stock. The stock was acquired at an average cost of $31.98 per share, for a total transaction of $437,710.26.
  • On Monday, October 30th, Valueact Capital Master Fund, acquired 832,600 shares of Trinity Industries stock. The stock was acquired at an average cost of $31.68 per share, for a total transaction of $26,376,768.00.
  • On Friday, September 8th, Valueact Capital Master Fund, acquired 54,055 shares of Trinity Industries stock. The stock was acquired at an average cost of $28.46 per share, for a total transaction of $1,538,405.30.
  • On Thursday, August 31st, Valueact Capital Master Fund, acquired 248,941 shares of Trinity Industries stock. The stock was acquired 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, purchased 5,100 shares of Trinity Industries stock. The shares were purchased 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, purchased 375,000 shares of Trinity Industries stock. The shares were purchased 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, purchased 403,000 shares of Trinity Industries stock. The shares were purchased at an average cost of $28.48 per share, for a total transaction of $11,477,440.00.

Shares of Trinity Industries, Inc. (NYSE:TRN) traded up $0.34 on Wednesday, hitting $33.15. 1,630,000 shares of the stock were exchanged, compared to its average volume of 1,286,662. The company has a market cap of $4,980.02, a price-to-earnings ratio of 21.87, a price-to-earnings-growth ratio of 2.20 and a beta of 2.25. The company has a current ratio of 3.70, a quick ratio of 2.62 and a debt-to-equity ratio of 0.75. Trinity Industries, Inc. has a 1 year low of $25.01 and a 1 year high of $35.97.

Trinity Industries (NYSE:TRN) last announced its quarterly earnings data on Wednesday, October 25th. The transportation company reported $0.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.11. The firm had revenue of $973.60 million during the quarter, compared to analyst estimates of $951.60 million. Trinity Industries had a net margin of 5.97% and a return on equity of 5.32%. The business’s quarterly revenue was down 12.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.55 EPS. equities research analysts forecast that Trinity Industries, Inc. will post 1.49 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Friday, October 13th were issued a $0.13 dividend. The ex-dividend date was Thursday, October 12th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.57%. Trinity Industries’s payout ratio is 34.67%.

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Several hedge funds and other institutional investors have recently modified their holdings of the stock. CENTRAL TRUST Co increased its stake in shares of Trinity Industries by 1.3% in the second quarter. CENTRAL TRUST Co now owns 12,721 shares of the transportation company’s stock worth $357,000 after buying an additional 161 shares during the period. Stephens Inc. AR increased its stake in shares of Trinity Industries by 3.0% in the second quarter. Stephens Inc. AR now owns 9,683 shares of the transportation company’s stock worth $271,000 after buying an additional 279 shares during the period. American Asset Management Inc. increased its stake in shares of Trinity Industries by 3.4% in the second quarter. American Asset Management Inc. now owns 9,397 shares of the transportation company’s stock worth $263,000 after buying an additional 310 shares during the period. Alpha Windward LLC increased its stake in shares of Trinity Industries by 2.2% in the second quarter. Alpha Windward LLC now owns 16,980 shares of the transportation company’s stock worth $476,000 after buying an additional 360 shares during the period. Finally, Utah Retirement Systems increased its stake in shares of Trinity Industries by 1.5% in the second quarter. Utah Retirement Systems now owns 27,528 shares of the transportation company’s stock worth $771,000 after buying an additional 400 shares during the period. 80.14% of the stock is currently owned by institutional investors.

TRN has been the topic of a number of recent analyst reports. UBS AG raised shares of Trinity Industries from a “neutral” rating to a “positive” rating in a research report on Monday, November 6th. ValuEngine lowered shares of Trinity Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Zacks Investment Research lowered shares of Trinity Industries from a “buy” rating to a “hold” rating in a research report on Friday, September 29th. Cowen and Company reissued a “buy” rating and set a $31.00 price target on shares of Trinity Industries in a research report on Sunday, October 1st. Finally, Susquehanna Bancshares Inc upgraded shares of 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 assigned a hold rating and eight have given a buy rating to the company’s stock. Trinity Industries has a consensus rating of “Buy” and an average target price of $34.13.

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.

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

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