The Manufacturers Life Insurance Company Buys Shares of 38,176 Trinity Industries, Inc. $TRN

The Manufacturers Life Insurance Company bought a new position in shares of Trinity Industries, Inc. (NYSE:TRN) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 38,176 shares of the transportation company’s stock, valued at approximately $1,320,000.

A number of other hedge funds also recently made changes to their positions in the stock. UBS Group AG lifted its stake in Trinity Industries by 92.3% in the 4th quarter. UBS Group AG now owns 455,201 shares of the transportation company’s stock valued at $12,036,000 after purchasing an additional 218,437 shares during the last quarter. Deutsche Bank AG grew its stake in shares of Trinity Industries by 68.2% during the second quarter. Deutsche Bank AG now owns 120,067 shares of the transportation company’s stock worth $4,152,000 after buying an additional 48,691 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of Trinity Industries during the first quarter worth $6,710,000. Orchard Capital Management LLC acquired a new position in shares of Trinity Industries during the second quarter worth $2,705,000. Finally, BlackRock Inc. increased its holdings in shares of Trinity Industries by 2.9% during the second quarter. BlackRock Inc. now owns 13,356,707 shares of the transportation company’s stock worth $461,875,000 after buying an additional 370,390 shares in the last quarter. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Trinity Industries

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

Trinity Industries Price Performance

Shares of NYSE:TRN opened at $28.28 on Friday. The company has a debt-to-equity ratio of 4.56, a quick ratio of 0.91 and a current ratio of 1.89. Trinity Industries, Inc. has a 52 week low of $24.76 and a 52 week high of $38.31. The firm has a market cap of $2.25 billion, a PE ratio of 6.81 and a beta of 1.35. The firm’s fifty day moving average is $32.58 and its 200-day moving average is $33.02.

Wall Street Analysts Forecast Growth

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

Trinity Industries Profile

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.