Trinity Industries (NYSE:TRN) had its price objective boosted by investment analysts at Cowen from $36.00 to $46.00 in a research report issued to clients and investors on Wednesday. The brokerage presently has an “outperform” rating on the transportation company’s stock. Cowen’s price objective would indicate a potential upside of 24.73% from the company’s previous close.
A number of other equities research analysts also recently issued reports on the company. Citigroup raised Trinity Industries from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $45.00 to $36.00 in a research report on Friday, September 29th. Zacks Investment Research downgraded Trinity Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Susquehanna Bancshares raised Trinity Industries from a “neutral” rating to a “positive” rating in a research report on Monday, November 6th. ValuEngine downgraded Trinity Industries from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Finally, Stifel Nicolaus reduced their price target on Trinity Industries from $42.00 to $41.00 and set a “buy” rating on the stock in a research report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $35.00.
Trinity Industries (NYSE:TRN) opened at $36.88 on Wednesday. Trinity Industries has a 12-month low of $25.01 and a 12-month high of $37.45. 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 company has a market capitalization of $5,433.85, a P/E ratio of 23.87, a PEG ratio of 2.40 and a beta of 2.26.
In other Trinity Industries news, major shareholder Holdings L.P. Valueact bought 300,000 shares of the business’s stock in a transaction on Thursday, October 26th. The stock was purchased at an average cost of $31.45 per share, for a total transaction of $9,435,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Valueact Capital Master Fund, bought 425,000 shares of the business’s stock in a transaction on Wednesday, November 15th. The shares were acquired at an average price of $32.88 per share, with a total value of $13,974,000.00. The disclosure for this purchase can be found here. Insiders have purchased 1,722,237 shares of company stock worth $55,164,869 in the last three months. 2.00% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. ValueAct Holdings L.P. lifted its stake in Trinity Industries by 10.7% during the third quarter. ValueAct Holdings L.P. now owns 17,255,115 shares of the transportation company’s stock worth $550,438,000 after purchasing an additional 1,672,510 shares during the last quarter. Vanguard Group Inc. lifted its stake in Trinity Industries by 6.6% during the fourth quarter. Vanguard Group Inc. now owns 12,462,892 shares of the transportation company’s stock worth $299,359,000 after purchasing an additional 771,494 shares during the last quarter. D.C. Capital Advisors Ltd lifted its stake in shares of Trinity Industries by 1,900.0% in the 2nd quarter. D.C. Capital Advisors Ltd now owns 5,000,000 shares of the transportation company’s stock valued at $9,285,000 after acquiring an additional 4,750,000 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Trinity Industries by 0.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,934,005 shares of the transportation company’s stock valued at $130,998,000 after acquiring an additional 24,412 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. lifted its stake in shares of Trinity Industries by 0.7% in the 1st quarter. BlackRock Institutional Trust Company N.A. now owns 4,644,976 shares of the transportation company’s stock valued at $85,050,000 after acquiring an additional 30,402 shares during the last quarter. Hedge funds and other institutional investors own 82.46% of the company’s stock.
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About Trinity Industries
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.
