Trinity Industries Inc (TRN) Holdings Increased by Stevens Capital Management LP

Stevens Capital Management LP raised its position in Trinity Industries Inc (NYSE:TRN) by 111.2% in the second quarter, Holdings Channel reports. The fund owned 61,358 shares of the transportation company’s stock after purchasing an additional 32,312 shares during the quarter. Stevens Capital Management LP’s holdings in Trinity Industries were worth $2,102,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in TRN. Nisa Investment Advisors LLC bought a new position in shares of Trinity Industries in the second quarter valued at about $1,488,000. Trexquant Investment LP bought a new position in shares of Trinity Industries in the second quarter valued at about $1,053,000. OLD National Bancorp IN bought a new position in shares of Trinity Industries in the second quarter valued at about $373,000. BNP Paribas Arbitrage SA raised its position in shares of Trinity Industries by 377.7% in the first quarter. BNP Paribas Arbitrage SA now owns 358,777 shares of the transportation company’s stock valued at $11,707,000 after purchasing an additional 283,670 shares during the period. Finally, Principal Financial Group Inc. raised its position in shares of Trinity Industries by 2.0% in the first quarter. Principal Financial Group Inc. now owns 658,220 shares of the transportation company’s stock valued at $21,477,000 after purchasing an additional 13,073 shares during the period. Hedge funds and other institutional investors own 83.69% of the company’s stock.

Several brokerages have recently weighed in on TRN. Mizuho began coverage on shares of Trinity Industries in a research report on Thursday, June 28th. They issued a “buy” rating and a $42.00 price objective on the stock. Zacks Investment Research raised shares of Trinity Industries from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a research report on Thursday, May 3rd. Buckingham Research increased their price objective on shares of Trinity Industries from $41.00 to $45.00 and gave the company a “buy” rating in a research report on Friday, July 27th. Stifel Nicolaus increased their price objective on shares of Trinity Industries from $44.00 to $45.00 and gave the company a “buy” rating in a research report on Friday, July 27th. Finally, TheStreet raised shares of Trinity Industries from a “c+” rating to a “b” rating in a research report on Monday, July 23rd. Two analysts have rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the company. Trinity Industries has a consensus rating of “Buy” and a consensus target price of $39.75.

NYSE:TRN opened at $36.58 on Monday. Trinity Industries Inc has a 52 week low of $28.25 and a 52 week high of $39.19. The stock has a market cap of $5.40 billion, a P/E ratio of 24.07, a price-to-earnings-growth ratio of 2.26 and a beta of 2.12. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.61 and a current ratio of 2.52.

Trinity Industries (NYSE:TRN) last released its quarterly earnings results on Wednesday, July 25th. The transportation company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.11. Trinity Industries had a net margin of 19.42% and a return on equity of 5.68%. The business had revenue of $942.30 million for the quarter, compared to analyst estimates of $965.24 million. During the same period last year, the firm earned $0.33 earnings per share. Trinity Industries’s revenue for the quarter was up 4.1% compared to the same quarter last year. equities research analysts anticipate that Trinity Industries Inc will post 1.62 earnings per share for the current year.

Trinity Industries Profile

Trinity Industries, Inc provides various products and services to the energy, chemical, agriculture, transportation, and construction sectors in the United States and internationally. Its Rail Group segment offers railcars, including autorack, box, covered hopper, gondola, intermodal, tank, and open hopper cars; and railcar maintenance services.

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

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