Trinity Industries (NYSE:TRN) has been assigned a $40.00 price objective by research analysts at Stifel Nicolaus in a research note issued to investors on Friday. The firm presently has a “buy” rating on the transportation company’s stock. Stifel Nicolaus’ price target would suggest a potential upside of 28.33% from the company’s previous close.
Several other brokerages also recently issued reports on TRN. Seaport Global Securities assumed coverage on shares of Trinity Industries in a research note on Thursday, January 4th. They issued a “neutral” rating for the company. Zacks Investment Research raised shares of Trinity Industries from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a research note on Tuesday, January 2nd. ValuEngine raised shares of Trinity Industries from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Cowen lifted their price target on shares of Trinity Industries from $36.00 to $46.00 and gave the company an “outperform” rating in a research note on Wednesday, December 13th. Finally, Susquehanna Bancshares raised shares of Trinity Industries from a “neutral” rating to a “positive” rating in a research note on Monday, November 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $35.38.
Shares of Trinity Industries (NYSE TRN) traded down $0.60 during midday trading on Friday, reaching $31.17. 550,778 shares of the company’s stock traded hands, compared to its average volume of 1,141,788. 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 company has a market capitalization of $4,730.00, a P/E ratio of 20.77, a P/E/G ratio of 2.33 and a beta of 2.07. Trinity Industries has a twelve month low of $25.01 and a twelve month high of $38.25.
In related news, major shareholder Holdings L.P. Valueact acquired 125,000 shares of the stock in a transaction dated 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Valueact Capital Master Fund, acquired 425,000 shares of the stock in a transaction dated Wednesday, November 15th. The shares were bought 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. Company insiders own 2.00% of the company’s stock.
Large investors have recently bought and sold shares of the company. Cigna Investments Inc. New acquired a new position in Trinity Industries during the fourth quarter valued at $202,000. OLD National Bancorp IN purchased a new stake in shares of Trinity Industries during the fourth quarter worth about $204,000. Wellington Shields Capital Management LLC purchased a new stake in shares of Trinity Industries during the fourth quarter worth about $210,000. Wilbanks Smith & Thomas Asset Management LLC purchased a new stake in shares of Trinity Industries during the fourth quarter worth about $220,000. Finally, Sippican Capital Advisors purchased a new stake in shares of Trinity Industries during the third quarter worth about $211,000. Institutional investors and hedge funds own 83.19% 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.
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