Stock Traders Purchase High Volume of Put Options on Trinity Industries (TRN)

Trinity Industries Inc (NYSE:TRN) was the recipient of unusually large options trading on Thursday. Stock traders purchased 4,437 put options on the company. This is an increase of 2,573% compared to the average volume of 166 put options.

A number of equities analysts recently weighed in on TRN shares. Zacks Investment Research lowered Trinity Industries from a “buy” rating to a “hold” rating in a research report on Saturday, September 23rd. Citigroup upgraded Trinity Industries from a “neutral” rating to a “buy” rating and decreased their price target for the company from $45.00 to $36.00 in a research report on Friday, September 29th. Stifel Nicolaus reiterated a “buy” rating and issued a $42.00 price target (up previously from $31.00) on shares of Trinity Industries in a research report on Sunday, October 1st. Cowen reiterated a “buy” rating and issued a $31.00 price target on shares of Trinity Industries in a research report on Sunday, October 1st. Finally, KeyCorp reiterated a “buy” rating and issued a $41.00 price target (up previously from $34.00) on shares of Trinity Industries in a research report on Monday, October 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $36.25.

In related news, SVP William A. Mcwhirter sold 20,000 shares of Trinity Industries stock in a transaction dated 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 directly 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 is available through this hyperlink. Also, major shareholder Valueact Capital Master Fund, bought 425,000 shares of the stock in a transaction that occurred on Wednesday, November 15th. The shares were purchased at an average cost of $32.88 per share, for a total transaction of $13,974,000.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 1,722,237 shares of company stock worth $55,164,869. 2.00% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in TRN. Sippican Capital Advisors acquired a new stake in Trinity Industries during the 3rd quarter worth about $211,000. Griffin Asset Management Inc. acquired a new stake in Trinity Industries during the 3rd quarter worth about $213,000. Capstone Investment Advisors Netherlands B.V. acquired a new stake in Trinity Industries during the 2nd quarter worth about $230,000. Commerce Bank acquired a new stake in Trinity Industries during the 3rd quarter worth about $255,000. Finally, Stephens Inc. AR boosted its position in Trinity Industries by 3.0% during the 2nd quarter. Stephens Inc. AR now owns 9,683 shares of the transportation company’s stock worth $271,000 after acquiring an additional 279 shares during the period. Hedge funds and other institutional investors own 82.38% of the company’s stock.

Trinity Industries (NYSE:TRN) opened at $36.66 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.70 and a quick ratio of 2.62. Trinity Industries has a 1 year low of $25.01 and a 1 year high of $38.25. The firm has a market capitalization of $5,479.39, a price-to-earnings ratio of 24.44, a P/E/G ratio of 2.66 and a beta of 2.27.

Trinity Industries (NYSE:TRN) last released its quarterly earnings results on Wednesday, October 25th. The transportation company reported $0.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.11. Trinity Industries had a return on equity of 5.32% and a net margin of 5.97%. The business had revenue of $973.60 million during the quarter, compared to analyst estimates of $951.60 million. During the same quarter last year, the company posted $0.55 EPS. Trinity Industries’s revenue for the quarter was down 12.4% on a year-over-year basis. research analysts expect that Trinity Industries will post 1.48 earnings per share for the current fiscal year.

Trinity Industries announced that its Board of Directors has approved a share buyback program on Tuesday, December 12th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the transportation company to purchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders 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 dividend on an annualized basis and a yield of 1.42%. Trinity Industries’s payout ratio is presently 34.67%.

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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.

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