Trinity Industries, Inc. (NYSE:TRN) major shareholder Valueact Capital Master Fund, bought 403,000 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The shares were bought at an average price of $28.48 per share, with a total value of $11,477,440.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Valueact Capital Master Fund, also recently made the following trade(s):

  • On Friday, August 11th, Valueact Capital Master Fund, bought 202,500 shares of Trinity Industries stock. The shares were bought at an average price of $28.47 per share, with a total value of $5,765,175.00.
  • On Wednesday, August 9th, Valueact Capital Master Fund, bought 60,819 shares of Trinity Industries stock. The shares were bought at an average price of $28.39 per share, with a total value of $1,726,651.41.

Trinity Industries, Inc. (NYSE TRN) traded down 1.05% during midday trading on Thursday, reaching $28.23. 1,010,623 shares of the company were exchanged. The firm’s 50 day moving average price is $27.97 and its 200-day moving average price is $27.07. The stock has a market capitalization of $4.27 billion, a P/E ratio of 17.35 and a beta of 2.18. Trinity Industries, Inc. has a 52 week low of $20.80 and a 52 week high of $30.13.

Trinity Industries (NYSE:TRN) last announced its earnings results on Tuesday, July 25th. The transportation company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.02. Trinity Industries had a net margin of 6.20% and a return on equity of 5.75%. The company had revenue of $905.50 million for the quarter, compared to analysts’ expectations of $947.40 million. During the same quarter in the previous year, the company posted $0.62 EPS. The firm’s quarterly revenue was down 23.6% on a year-over-year basis. Equities analysts forecast that Trinity Industries, Inc. will post $1.25 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This story was reported by American Banking News and is the sole property of of American Banking News. If you are accessing this story on another site, it was stolen and reposted in violation of US & international copyright legislation. The original version of this story can be read at https://www.americanbankingnews.com/2017/08/17/valueact-capital-master-fund-acquires-403000-shares-of-trinity-industries-inc-trn-stock.html.

Large investors have recently made changes to their positions in the company. Advisory Services Network LLC boosted its stake in shares of Trinity Industries by 47.0% in the second quarter. Advisory Services Network LLC now owns 10,785 shares of the transportation company’s stock valued at $302,000 after buying an additional 3,450 shares during the period. Greenwood Gearhart Inc. boosted its stake in shares of Trinity Industries by 2.5% in the second quarter. Greenwood Gearhart Inc. now owns 149,800 shares of the transportation company’s stock valued at $4,199,000 after buying an additional 3,590 shares during the period. Ameritas Investment Partners Inc. boosted its stake in shares of Trinity Industries by 1.1% in the second quarter. Ameritas Investment Partners Inc. now owns 62,738 shares of the transportation company’s stock valued at $1,758,000 after buying an additional 675 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Trinity Industries by 7.5% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 10,037 shares of the transportation company’s stock valued at $281,000 after buying an additional 704 shares during the period. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Trinity Industries by 4,963.0% in the second quarter. Tower Research Capital LLC TRC now owns 12,860 shares of the transportation company’s stock valued at $360,000 after buying an additional 12,606 shares during the period. 80.99% of the stock is currently owned by institutional investors.

TRN has been the subject of a number of research reports. TheStreet upgraded shares of Trinity Industries from a “c” rating to a “b-” rating in a research report on Monday. Stifel Nicolaus upgraded shares of Trinity Industries from a “hold” rating to a “buy” rating and upped their target price for the stock from $29.00 to $31.00 in a research report on Thursday, July 27th. They noted that the move was a valuation call. ValuEngine upgraded shares of Trinity Industries from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Buckingham Research initiated coverage on shares of Trinity Industries in a research report on Wednesday, June 21st. They set a “buy” rating and a $32.00 target price for the company. Finally, BidaskClub upgraded shares of Trinity Industries from a “hold” rating to a “buy” rating in a research report on Saturday, July 1st. Two analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $26.89.

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.

Insider Buying and Selling by Quarter for Trinity Industries (NYSE:TRN)

Receive News & Ratings for Trinity Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trinity Industries Inc. and related companies with MarketBeat.com's FREE daily email newsletter.