Trinity Industries, Inc. (NYSE:TRN) was upgraded by research analysts at UBS AG from a “neutral” rating to a “positive” rating in a research report issued on Monday, November 6th, The Fly reports.
A number of other analysts have also recently issued reports on the stock. ValuEngine cut shares of Trinity Industries from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Stephens reiterated an “equal weight” rating and issued a $35.00 price objective (up previously from $29.00) on shares of Trinity Industries in a research note on Tuesday, October 3rd. Cowen Inc lifted their price objective on shares of Trinity Industries from $31.00 to $39.00 and gave the stock an “outperform” rating in a research note on Thursday, October 5th. Zacks Investment Research lowered shares of Trinity Industries from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $42.00 target price (up from $31.00) on shares of Trinity Industries in a report on Sunday, October 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $34.13.
Trinity Industries (NYSE TRN) traded up $0.01 during midday trading on Monday, reaching $34.04. The company’s stock had a trading volume of 238,517 shares, compared to its average volume of 1,350,000. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.70 and a quick ratio of 2.62. The firm has a market cap of $5,170.00, a PE ratio of 22.69, a price-to-earnings-growth ratio of 2.28 and a beta of 2.25. Trinity Industries has a 52 week low of $25.01 and a 52 week high of $35.97.
In other Trinity Industries news, major shareholder Holdings L.P. Valueact purchased 125,000 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was acquired at an average price of $32.89 per share, for a total transaction of $4,111,250.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Valueact Capital Master Fund, bought 54,055 shares of Trinity Industries stock in a transaction dated Friday, September 8th. The stock was purchased at an average price of $28.46 per share, with a total value of $1,538,405.30. The disclosure for this purchase can be found here. Insiders have purchased a total of 2,025,233 shares of company stock worth $63,835,434 in the last quarter. 2.00% of the stock is owned by corporate insiders.
Several institutional investors have recently made changes to their positions in the company. Atlantic Trust Group LLC purchased a new stake in Trinity Industries in the second quarter valued at approximately $618,000. Creative Planning grew its position in Trinity Industries by 17.0% during the second quarter. Creative Planning now owns 20,344 shares of the transportation company’s stock valued at $570,000 after acquiring an additional 2,949 shares during the last quarter. TIAA CREF Investment Management LLC grew its position in Trinity Industries by 0.8% during the first quarter. TIAA CREF Investment Management LLC now owns 270,616 shares of the transportation company’s stock valued at $7,185,000 after acquiring an additional 2,232 shares during the last quarter. Harris Associates L P bought a new position in Trinity Industries during the second quarter valued at approximately $1,927,000. Finally, State Street Corp grew its position in Trinity Industries by 1.8% during the first quarter. State Street Corp now owns 4,070,436 shares of the transportation company’s stock valued at $108,071,000 after acquiring an additional 71,993 shares during the last quarter. 80.12% of the stock is currently owned by hedge funds and other institutional investors.
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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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