36,616 Shares in Trinity Industries, Inc. $TRN Bought by Jupiter Topco LLC

Key Points

• Jupiter Topco LLC acquired 36,616 shares of Trinity Industries during the second quarter, valued at approximately $1.27 million. Institutional investors collectively own 86.57% of TRN’s outstanding stock.
• TRN shares opened at $28.28, below the 50-day and 200-day moving averages of $32.58 and $33.02, respectively. The stock has traded between $24.76 and $38.31 over the past year.
• Analyst sentiment is currently cautious: one analyst rates TRN a Buy and two rate it Hold, resulting in a consensus rating of Hold and an average price target of $35.00. An executive vice president also sold 17,000 shares under a pre-arranged Rule 10b5-1 plan.

Jupiter Topco LLC acquired a new position in shares of Trinity Industries, Inc. (NYSE:TRN - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 36,616 shares of the transportation company's stock, valued at approximately $1,267,000.

Other institutional investors have also recently bought and sold shares of the company. Royal Bank of Canada lifted its holdings in Trinity Industries by 0.6% during the 1st quarter. Royal Bank of Canada now owns 73,775 shares of the transportation company's stock worth $2,069,000 after purchasing an additional 457 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Trinity Industries by 33.8% in the first quarter. AQR Capital Management LLC now owns 44,772 shares of the transportation company's stock valued at $1,244,000 after acquiring an additional 11,319 shares in the last quarter. Millennium Management LLC increased its position in Trinity Industries by 329.2% during the first quarter. Millennium Management LLC now owns 637,990 shares of the transportation company's stock worth $17,902,000 after acquiring an additional 489,348 shares during the period. Jane Street Group LLC raised its stake in Trinity Industries by 1,341.9% in the 1st quarter. Jane Street Group LLC now owns 134,098 shares of the transportation company's stock worth $3,763,000 after purchasing an additional 124,798 shares in the last quarter. Finally, Intech Investment Management LLC grew its position in shares of Trinity Industries by 44.0% during the 1st quarter. Intech Investment Management LLC now owns 48,014 shares of the transportation company's stock worth $1,347,000 after purchasing an additional 14,678 shares in the last quarter. Institutional investors and hedge funds own 86.57% of the company's stock.

Trinity Industries Price Performance

Shares of TRN opened at $28.28 on Friday. The company has a debt-to-equity ratio of 4.56, a current ratio of 1.89 and a quick ratio of 0.91. Trinity Industries, Inc. has a 1 year low of $24.76 and a 1 year high of $38.31. The business has a 50-day moving average of $32.58 and a 200-day moving average of $33.02. The company has a market capitalization of $2.25 billion, a price-to-earnings ratio of 6.81 and a beta of 1.35.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on TRN shares. Weiss Ratings lowered Trinity Industries from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday, August 13th. Wall Street Zen downgraded shares of Trinity Industries from a "buy" rating to a "hold" rating in a research note on Saturday, June 13th. Finally, Susquehanna dropped their target price on shares of Trinity Industries from $35.00 to $34.00 and set a "neutral" rating for the company in a research report on Friday, July 31st. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $35.00.

Insider Buying and Selling

In other Trinity Industries news, EVP Kevin Poet sold 17,000 shares of the business's stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $29.55, for a total value of $502,350.00. Following the transaction, the executive vice president directly owned 69,225 shares of the company's stock, valued at approximately $2,045,598.75. The trade was a 19.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.10% of the stock is owned by corporate insiders.

Trinity Industries Company Profile

Trinity Industries, Inc is a diversified industrial company headquartered in Dallas, Texas, with roots dating back to its incorporation in 1933. The company principally serves the transportation, infrastructure and energy sectors through the design, manufacture and leasing of railcars and related components. Trinity operates multiple business segments that encompass railcar manufacturing, aftermarket parts production, railcar leasing and management, inland barge construction and leasing, as well as infrastructure products for highways and energy applications.

In its railcar segment, Trinity produces a broad portfolio of freight cars—including tank cars, covered hoppers, gondolas and autoracks—alongside critical system components such as braking systems, couplers and wheels.

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