Susquehanna Bancshares Inc upgraded shares of Trinity Industries, Inc. (NYSE:TRN) from a neutral rating to a positive rating in a research report sent to investors on Monday, November 6th, MarketBeat.com reports.
Other equities research analysts have also recently issued research reports about the company. Axiom Securities reissued a sell rating on shares of Trinity Industries in a report on Wednesday, July 26th. Citigroup Inc. upgraded shares of Trinity Industries from a neutral rating to a buy rating and lowered their price objective for the stock from $45.00 to $36.00 in a research report on Friday, September 29th. Zacks Investment Research cut shares of Trinity Industries from a buy rating to a hold rating in a report on Wednesday, October 18th. BidaskClub cut shares of Trinity Industries from a buy rating to a hold rating in a report on Wednesday, July 12th. Finally, ValuEngine cut shares of Trinity Industries from a buy rating to a hold rating in a report on Monday, October 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of $34.13.
Trinity Industries (NYSE TRN) traded up $0.01 on Monday, reaching $34.04. The company 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. Trinity Industries has a 1 year low of $25.01 and a 1 year high of $35.97. 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.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Friday, October 13th were issued a dividend of $0.13 per share. The ex-dividend date was Thursday, October 12th. This represents a $0.52 annualized dividend and a dividend yield of 1.53%. Trinity Industries’s payout ratio is 34.67%.
In other Trinity Industries news, major shareholder Valueact Capital Master Fund, bought 54,055 shares of the stock in a transaction that occurred on Friday, September 8th. The shares were acquired at an average price of $28.46 per share, with a total value of $1,538,405.30. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Holdings L.P. Valueact bought 125,000 shares of the stock in a transaction that occurred on Monday, November 13th. The stock was acquired at an average cost of $32.89 per share, for a total transaction of $4,111,250.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 2,025,233 shares of company stock worth $63,835,434. Insiders own 2.00% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. First Mercantile Trust Co. increased its position in shares of Trinity Industries by 10.9% during the second quarter. First Mercantile Trust Co. now owns 5,800 shares of the transportation company’s stock worth $163,000 after acquiring an additional 570 shares in the last quarter. Sippican Capital Advisors acquired a new stake in Trinity Industries in the third quarter valued at $211,000. Griffin Asset Management Inc. acquired a new stake in Trinity Industries in the third quarter valued at $213,000. Pacad Investment Ltd. lifted its stake in shares of Trinity Industries by 36.5% during the 2nd quarter. Pacad Investment Ltd. now owns 7,100 shares of the transportation company’s stock worth $199,000 after buying an additional 1,900 shares during the last quarter. Finally, Fisher Asset Management LLC acquired a new stake in shares of Trinity Industries during the 2nd quarter worth about $205,000. Institutional investors own 80.12% of the company’s stock.
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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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