Trinity Industries Inc (NYSE:TRN) major shareholder Valueact Capital Master Fund, purchased 900,000 shares of the business’s stock in a transaction that occurred on Monday, March 19th. The stock was purchased at an average price of $32.77 per share, for a total transaction of $29,493,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
Valueact Capital Master Fund, also recently made the following trade(s):
- On Thursday, March 8th, Valueact Capital Master Fund, purchased 306,343 shares of Trinity Industries stock. The stock was purchased at an average price of $32.99 per share, for a total transaction of $10,106,255.57.
Shares of Trinity Industries Inc (NYSE:TRN) opened at $32.78 on Tuesday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.43 and a current ratio of 3.47. The company has a market cap of $4,945.47, a P/E ratio of 7.32, a price-to-earnings-growth ratio of 2.49 and a beta of 2.03. Trinity Industries Inc has a fifty-two week low of $25.01 and a fifty-two week high of $38.25.
Trinity Industries (NYSE:TRN) last announced its earnings results on Wednesday, February 21st. The transportation company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.42 by $0.01. The firm had revenue of $906.00 million for the quarter, compared to the consensus estimate of $1.05 billion. Trinity Industries had a net margin of 19.15% and a return on equity of 5.34%. The business’s quarterly revenue was down 17.9% on a year-over-year basis. During the same period last year, the company posted $0.44 EPS. equities analysts anticipate that Trinity Industries Inc will post 1.32 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Friday, April 13th will be issued a dividend of $0.13 per share. The ex-dividend date is Thursday, April 12th. This represents a $0.52 annualized dividend and a yield of 1.59%. Trinity Industries’s dividend payout ratio (DPR) is currently 11.61%.
Trinity Industries announced that its Board of Directors has approved a stock repurchase program on Tuesday, December 12th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the transportation company to repurchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its stock is undervalued.
TRN has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Trinity Industries from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research report on Tuesday, January 2nd. Cowen increased their price target on shares of Trinity Industries from $36.00 to $46.00 and gave the company an “outperform” rating in a research report on Wednesday, December 13th. Seaport Global Securities initiated coverage on shares of Trinity Industries in a research report on Thursday, January 4th. They issued a “neutral” rating on the stock. Wells Fargo upgraded shares of Trinity Industries from a “market perform” rating to an “outperform” rating and set a $53.00 price target on the stock in a research report on Friday, February 16th. Finally, ValuEngine upgraded shares of Trinity Industries from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $35.75.
A number of hedge funds have recently made changes to their positions in TRN. Nationwide Fund Advisors raised its holdings in Trinity Industries by 5.4% during the 3rd quarter. Nationwide Fund Advisors now owns 296,629 shares of the transportation company’s stock worth $9,462,000 after buying an additional 15,286 shares during the period. FDx Advisors Inc. acquired a new stake in Trinity Industries during the 3rd quarter worth approximately $322,000. New York State Common Retirement Fund grew its stake in shares of Trinity Industries by 3.0% during the 3rd quarter. New York State Common Retirement Fund now owns 322,400 shares of the transportation company’s stock worth $10,285,000 after acquiring an additional 9,500 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. grew its stake in shares of Trinity Industries by 6.2% during the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 138,005 shares of the transportation company’s stock worth $4,402,000 after acquiring an additional 8,070 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its stake in shares of Trinity Industries by 15.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 84,390 shares of the transportation company’s stock worth $2,693,000 after acquiring an additional 11,167 shares in the last quarter. Hedge funds and other institutional investors own 87.42% 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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