Trinity Industries (TRN) Upgraded at Zacks Investment Research

Trinity Industries (NYSE:TRN) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday. The firm presently has a $37.00 price objective on the transportation company’s stock. Zacks Investment Research‘s price target suggests a potential upside of 15.99% from the company’s previous close.

According to Zacks, “Trinity Industries, Inc., is a diversified industrial company that owns complementary market-leading businesses providing products and services to the energy, chemical, agriculture, transportation, and construction sectors, among others. The company, Trinity Industries, Inc., operates in five principal business segments: the Rail Group, the Railcar Leasing and Management Services Group, the Inland Barge Group, the Construction Products Group, and the Energy Equipment Group. Trinity is engaged in the manufacture, marketing, and leasing of a wide variety of products. Trinity Industries, Inc., is traded on the New York Stock Exchange under the symbol TRN. The company is headquartered is Dallas, Texas. “

Other analysts have also recently issued reports about the stock. ValuEngine upgraded shares of Trinity Industries from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Stifel Nicolaus reiterated a “buy” rating and issued a $43.00 target price on shares of Trinity Industries in a research note on Friday, December 22nd. Cowen reiterated a “buy” rating and issued a $39.00 target price (up from $31.00) on shares of Trinity Industries in a research note on Tuesday, October 17th. They noted that the move was a valuation call. Seaport Global Securities started coverage on shares of Trinity Industries in a research note on Thursday, January 4th. They issued a “neutral” rating for the company. Finally, Susquehanna Bancshares upgraded 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 given a buy rating to the company. Trinity Industries has an average rating of “Buy” and an average target price of $35.25.

Shares of Trinity Industries (NYSE:TRN) traded up $0.13 during midday trading on Friday, reaching $31.90. 1,362,289 shares of the company’s stock traded hands, compared to its average volume of 1,116,749. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.62 and a current ratio of 3.70. Trinity Industries has a twelve month low of $25.01 and a twelve month high of $38.25. The firm has a market cap of $4,822.17, a PE ratio of 21.27, a price-to-earnings-growth ratio of 2.30 and a beta of 2.07.

Trinity Industries declared that its board has authorized a share buyback program on Tuesday, December 12th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the transportation company to purchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

In related news, major shareholder Holdings L.P. Valueact acquired 125,000 shares of Trinity Industries stock in a transaction on Monday, November 13th. The stock was bought at an average cost of $32.89 per share, for a total transaction of $4,111,250.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $738,000.00. Following the transaction, the senior vice president now owns 191,339 shares of the company’s stock, valued at $7,060,409.10. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

Large investors have recently bought and sold shares of the business. ValueAct Holdings L.P. raised its position 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 acquiring an additional 1,672,510 shares during the period. Cipher Capital LP acquired a new position in Trinity Industries during the third quarter worth $816,000. Chesapeake Asset Management LLC raised its position in Trinity Industries by 95.9% during the third quarter. Chesapeake Asset Management LLC now owns 54,497 shares of the transportation company’s stock worth $1,738,000 after acquiring an additional 26,682 shares during the period. Zuckerman Investment Group LLC grew its holdings in shares of Trinity Industries by 111.4% during the third quarter. Zuckerman Investment Group LLC now owns 329,933 shares of the transportation company’s stock worth $10,525,000 after buying an additional 173,883 shares in the last quarter. Finally, James Investment Research Inc. grew its holdings in shares of Trinity Industries by 15.2% during the fourth quarter. James Investment Research Inc. now owns 413,366 shares of the transportation company’s stock worth $15,485,000 after buying an additional 54,610 shares in the last quarter. Institutional investors 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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