Hsbc Holdings PLC Makes New $1.35 Million Investment in Trinity Industries, Inc. $TRN

Hsbc Holdings PLC bought a new position in Trinity Industries, Inc. (NYSE:TRN) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 38,795 shares of the transportation company’s stock, valued at approximately $1,346,000.

Several other hedge funds and other institutional investors have also made changes to their positions in TRN. PDT Partners LLC acquired a new position in shares of Trinity Industries during the second quarter worth about $12,424,000. Legal & General Group Plc purchased a new position in Trinity Industries during the second quarter worth about $6,602,000. The Manufacturers Life Insurance Company acquired a new stake in Trinity Industries in the second quarter valued at about $1,320,000. Algert Global LLC acquired a new stake in Trinity Industries in the second quarter valued at about $271,000. Finally, Cibc World Market Inc. purchased a new stake in Trinity Industries in the 2nd quarter valued at approximately $549,000. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Trinity Industries Stock Down 1.6%

TRN opened at $28.80 on Tuesday. The company has a debt-to-equity ratio of 4.56, a quick ratio of 0.91 and a current ratio of 1.89. The company has a market cap of $2.29 billion, a price-to-earnings ratio of 6.94 and a beta of 1.37. Trinity Industries, Inc. has a one year low of $24.76 and a one year high of $38.31. The business’s fifty day moving average is $33.19 and its two-hundred day moving average is $33.17.

Insider Activity

In other news, EVP Kevin Poet sold 17,000 shares of Trinity Industries stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $29.55, for a total transaction of $502,350.00. Following the completion of the transaction, the executive vice president owned 69,225 shares of the company’s stock, valued at $2,045,598.75. The trade was a 19.72% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have issued reports on TRN. Wall Street Zen cut Trinity Industries from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Weiss Ratings cut Trinity Industries from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, August 13th. Finally, Susquehanna decreased their price target on Trinity Industries from $35.00 to $34.00 and set a “neutral” rating on the stock in a research note on Friday, July 31st. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $35.00.

About Trinity Industries

Trinity Industries, Inc is a diversified industrial company headquartered in Dallas, Texas, with roots dating back to its incorporation in 1933. The company principally serves the transportation, infrastructure and energy sectors through the design, manufacture and leasing of railcars and related components. Trinity operates multiple business segments that encompass railcar manufacturing, aftermarket parts production, railcar leasing and management, inland barge construction and leasing, as well as infrastructure products for highways and energy applications.

In its railcar segment, Trinity produces a broad portfolio of freight cars—including tank cars, covered hoppers, gondolas and autoracks—alongside critical system components such as braking systems, couplers and wheels.