Stock Traders Buy High Volume of Call Options on Trinity Industries (TRN)
Trinity Industries, Inc. (NYSE:TRN) saw some unusual options trading on Monday. Investors bought 13,527 call options on the company. This represents an increase of approximately 3,053% compared to the average daily volume of 429 call options.
Trinity Industries (TRN) opened at $35.60 on Thursday. Trinity Industries has a twelve month low of $25.01 and a twelve month high of $36.55. The company has a current ratio of 3.70, a quick ratio of 2.62 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $5,465.73, a price-to-earnings ratio of 24.01, a PEG ratio of 2.42 and a beta of 2.26.
Trinity Industries (NYSE:TRN) last issued its quarterly earnings results on Wednesday, October 25th. The transportation company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.11. Trinity Industries had a return on equity of 5.32% and a net margin of 5.97%. The firm had revenue of $973.60 million during the quarter, compared to the consensus estimate of $951.60 million. During the same period last year, the company earned $0.55 earnings per share. The company’s revenue was down 12.4% on a year-over-year basis. sell-side analysts anticipate that Trinity Industries will post 1.49 EPS for the current fiscal year.
In other news, major shareholder Holdings L.P. Valueact acquired 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Valueact Capital Master Fund, acquired 54,055 shares of the firm’s stock in a transaction on 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. In the last 90 days, insiders have purchased 1,776,292 shares of company stock valued at $56,703,274. 2.00% of the stock is owned by corporate insiders.
Large investors have recently modified their holdings of the company. First Mercantile Trust Co. increased its holdings 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 valued at $163,000 after acquiring an additional 570 shares in the last quarter. Sippican Capital Advisors bought a new position in shares of Trinity Industries during the third quarter valued at $211,000. Griffin Asset Management Inc. bought a new position in shares of Trinity Industries during the third quarter valued at $213,000. Pacad Investment Ltd. boosted its position in shares of Trinity Industries by 36.5% during the second quarter. Pacad Investment Ltd. now owns 7,100 shares of the transportation company’s stock valued at $199,000 after buying an additional 1,900 shares during the last quarter. Finally, Dearborn Partners LLC purchased a new stake in shares of Trinity Industries during the second quarter valued at $209,000. Hedge funds and other institutional investors own 82.46% of the company’s stock.
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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