Public Employees Retirement System of Ohio held its position in Trinity Industries, Inc. (NYSE:TRN) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 67,237 shares of the transportation company’s stock at the end of the first quarter. Public Employees Retirement System of Ohio’s holdings in Trinity Industries were worth $1,785,000 as of its most recent filing with the SEC.
Several other institutional investors also recently made changes to their positions in TRN. Point72 Asset Management L.P. acquired a new stake in shares of Trinity Industries during the first quarter worth about $3,159,000. Janus Capital Management LLC raised its stake in shares of Trinity Industries by 67.0% in the first quarter. Janus Capital Management LLC now owns 44,600 shares of the transportation company’s stock worth $1,184,000 after buying an additional 17,900 shares in the last quarter. HighTower Advisors LLC raised its stake in shares of Trinity Industries by 5.1% in the first quarter. HighTower Advisors LLC now owns 37,629 shares of the transportation company’s stock worth $1,006,000 after buying an additional 1,826 shares in the last quarter. Caxton Associates LP purchased a new stake in shares of Trinity Industries during the first quarter worth $327,000. Finally, Jane Street Group LLC raised its stake in shares of Trinity Industries by 91.4% in the first quarter. Jane Street Group LLC now owns 128,599 shares of the transportation company’s stock worth $3,414,000 after buying an additional 61,424 shares during the period. Hedge funds and other institutional investors own 80.99% of the company’s stock.
Trinity Industries, Inc. (TRN) traded down 0.11% during mid-day trading on Friday, reaching $28.20. The company’s stock had a trading volume of 863,288 shares. The stock’s 50 day moving average is $27.97 and its 200 day moving average is $27.09. The firm has a market cap of $4.27 billion, a PE ratio of 17.33 and a beta of 2.18. Trinity Industries, Inc. has a one year low of $20.80 and a one year high of $30.13.
Trinity Industries (NYSE:TRN) last issued its quarterly earnings results on Tuesday, July 25th. The transportation company reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.02. The business had revenue of $905.50 million during the quarter, compared to the consensus estimate of $947.40 million. Trinity Industries had a net margin of 6.20% and a return on equity of 5.75%. The firm’s quarterly revenue was down 23.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.62 EPS. On average, analysts anticipate that Trinity Industries, Inc. will post $1.25 EPS for the current year.
TRN has been the subject of a number of research analyst reports. Buckingham Research initiated coverage on Trinity Industries in a research report on Wednesday, June 21st. They set a “buy” rating and a $32.00 target price for the company. ValuEngine raised Trinity Industries from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. BidaskClub upgraded Trinity Industries from a “hold” rating to a “buy” rating in a report on Saturday, July 1st. Axiom Securities reiterated a “sell” rating and issued a $11.00 price target on shares of Trinity Industries in a report on Friday, June 30th. Finally, Zacks Investment Research downgraded Trinity Industries from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 25th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $26.89.
In related news, major shareholder Holdings L.P. Valueact bought 100,000 shares of the business’s stock in a transaction on Wednesday, August 2nd. The stock was bought at an average price of $27.38 per share, for a total transaction of $2,738,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider D Stephen Menzies sold 27,742 shares of the stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $26.11, for a total transaction of $724,343.62. Following the completion of the sale, the insider now owns 236,707 shares of the company’s stock, valued at approximately $6,180,419.77. The disclosure for this sale can be found here. In the last 90 days, insiders purchased 1,026,528 shares of company stock valued at $28,926,437. 2.00% of the stock is owned by insiders.
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.
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