Zacks Investment Research upgraded shares of Trinity Industries (NYSE:TRN) from a hold rating to a buy rating in a research report report published on Saturday, February 10th. They currently have $37.00 target price on the transportation company’s stock.
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. “
Several other research firms have also weighed in on TRN. Cowen boosted their target price on Trinity Industries from $36.00 to $46.00 and gave the stock an outperform rating in a report on Wednesday, December 13th. UBS Group upgraded Trinity Industries from a neutral rating to a positive rating in a report on Monday, November 6th. ValuEngine upgraded Trinity Industries from a hold rating to a buy rating in a report on Thursday, February 8th. Seaport Global Securities started coverage on Trinity Industries in a report on Thursday, January 4th. They set a neutral rating for the company. Finally, Stifel Nicolaus reiterated a buy rating and set a $43.00 price target on shares of Trinity Industries in a report on Friday, December 22nd. One analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $37.22.
Shares of Trinity Industries (NYSE TRN) opened at $34.84 on Friday. Trinity Industries has a 1-year low of $25.01 and a 1-year high of $38.25. The company has a quick ratio of 2.62, a current ratio of 3.70 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $5,288.14, a P/E ratio of 23.23, a P/E/G ratio of 2.52 and a beta of 2.07.
Trinity Industries announced that its Board of Directors has authorized a share repurchase plan on Tuesday, December 12th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the transportation company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.
The business also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Friday, January 12th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date was Thursday, January 11th. Trinity Industries’s dividend payout ratio (DPR) is 34.67%.
In other Trinity Industries news, 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 directly owns 191,339 shares in the company, valued at $7,060,409.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.00% of the company’s stock.
A number of large investors have recently made changes to their positions in TRN. J. Goldman & Co LP grew its holdings in shares of Trinity Industries by 32.5% during the fourth quarter. J. Goldman & Co LP now owns 553,849 shares of the transportation company’s stock worth $20,747,000 after purchasing an additional 135,765 shares during the last quarter. Sterling Capital Management LLC grew its holdings in shares of Trinity Industries by 15.9% during the fourth quarter. Sterling Capital Management LLC now owns 476,931 shares of the transportation company’s stock worth $17,866,000 after purchasing an additional 65,439 shares during the last quarter. MetLife Investment Advisors LLC bought a new stake in shares of Trinity Industries during the fourth quarter worth $3,597,000. Verition Fund Management LLC grew its holdings in shares of Trinity Industries by 527.2% during the fourth quarter. Verition Fund Management LLC now owns 53,041 shares of the transportation company’s stock worth $1,987,000 after purchasing an additional 65,458 shares during the last quarter. Finally, ValueAct Holdings L.P. grew its holdings in shares of Trinity Industries by 7.8% during the fourth quarter. ValueAct Holdings L.P. now owns 18,607,352 shares of the transportation company’s stock worth $697,031,000 after purchasing an additional 1,352,237 shares during the last quarter. Hedge funds and other institutional investors own 82.66% of the company’s stock.
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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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