Insider Selling: Trinity Industries, Inc. (TRN) SVP Sells 20,000 Shares of Stock
Trinity Industries, Inc. (NYSE:TRN) SVP William A. Mcwhirter sold 20,000 shares of the company’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $36.90, for a total value of $738,000.00. Following the sale, the senior vice president now owns 191,339 shares of the company’s stock, valued at $7,060,409.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Trinity Industries, Inc. (TRN) traded down $0.88 during trading hours on Friday, reaching $36.48. 1,727,100 shares of the company’s stock were exchanged, compared to its average volume of 1,313,645. 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 stock has a market cap of $5,670.63, a PE ratio of 24.91, a P/E/G ratio of 2.51 and a beta of 2.26. Trinity Industries, Inc. has a one year low of $25.01 and a one year high of $38.25.
Trinity Industries (NYSE:TRN) last posted its quarterly earnings data on Wednesday, October 25th. The transportation company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.11. The company had revenue of $973.60 million during the quarter, compared to analysts’ expectations of $951.60 million. Trinity Industries had a net margin of 5.97% and a return on equity of 5.32%. The firm’s revenue for the quarter was down 12.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.55 EPS. analysts predict that Trinity Industries, Inc. will post 1.49 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, January 12th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, January 11th. This represents a $0.52 annualized dividend and a dividend yield of 1.43%. Trinity Industries’s payout ratio is 34.67%.
A number of analysts have recently commented on TRN shares. Zacks Investment Research upgraded Trinity Industries from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a report on Thursday, August 17th. BidaskClub upgraded Trinity Industries from a “hold” rating to a “buy” rating in a report on Friday, August 25th. Cowen restated a “buy” rating and set a $31.00 price objective on shares of Trinity Industries in a report on Monday, August 28th. ValuEngine upgraded Trinity Industries from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, Citigroup upgraded Trinity Industries from a “neutral” rating to a “buy” rating and lowered their price target for the company from $45.00 to $36.00 in a report on Friday, September 29th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $35.00.
Several hedge funds have recently modified their holdings of the company. ValueAct Holdings L.P. lifted its position in shares of 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. raised its stake in Trinity Industries by 0.6% during the second quarter. Vanguard Group Inc. now owns 12,345,367 shares of the transportation company’s stock worth $346,040,000 after acquiring an additional 78,124 shares during the period. Janus Henderson Group PLC raised its stake in Trinity Industries by 16.3% during the third quarter. Janus Henderson Group PLC now owns 4,512,499 shares of the transportation company’s stock worth $143,949,000 after acquiring an additional 633,336 shares during the period. Impala Asset Management LLC raised its stake in Trinity Industries by 8.5% during the third quarter. Impala Asset Management LLC now owns 2,130,641 shares of the transportation company’s stock worth $67,967,000 after acquiring an additional 167,491 shares during the period. Finally, Jennison Associates LLC raised its stake in Trinity Industries by 15.3% during the third quarter. Jennison Associates LLC now owns 1,070,222 shares of the transportation company’s stock worth $34,140,000 after acquiring an additional 141,992 shares during the period. 82.46% of the stock is currently owned by institutional investors and hedge funds.
ILLEGAL ACTIVITY NOTICE: This report was first reported by American Banking News and is the property of of American Banking News. If you are accessing this report on another website, it was copied illegally and reposted in violation of US & international trademark & copyright legislation. The original version of this report can be accessed at https://www.americanbankingnews.com/2017/12/15/insider-selling-trinity-industries-inc-trn-svp-sells-20000-shares-of-stock.html.
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.
Receive News & Ratings for Trinity Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trinity Industries and related companies with MarketBeat.com's FREE daily email newsletter.