Trinity Industries (TRN) Given a $40.00 Price Target at Stifel Nicolaus

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.

Trinity Industries declared that its Board of Directors has initiated a stock buyback plan on Tuesday, December 12th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the transportation company to purchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

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.

Analyst Recommendations for Trinity Industries (NYSE:TRN)

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