Corient Private Wealth LP Takes Position in Trinity Industries, Inc. $TRN

Corient Private Wealth LP acquired a new stake in Trinity Industries, Inc. (NYSE:TRN - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 48,103 shares of the transportation company's stock, valued at approximately $1,663,000. Corient Private Wealth LP owned about 0.06% of Trinity Industries at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in TRN. Strs Ohio acquired a new position in Trinity Industries in the 1st quarter valued at approximately $25,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Trinity Industries by 94.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,016 shares of the transportation company's stock worth $27,000 after purchasing an additional 494 shares during the period. Whittier Trust Co. lifted its holdings in shares of Trinity Industries by 880.7% during the first quarter. Whittier Trust Co. now owns 863 shares of the transportation company's stock worth $28,000 after purchasing an additional 775 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of Trinity Industries by 24.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,538 shares of the transportation company's stock worth $41,000 after purchasing an additional 298 shares during the last quarter. Finally, Kelleher Financial Advisors bought a new stake in shares of Trinity Industries in the third quarter worth $41,000. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Trinity Industries

In other Trinity Industries news, EVP Kevin Poet sold 17,000 shares of the company's stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $29.55, for a total transaction of $502,350.00. Following the sale, the executive vice president owned 69,225 shares of the company's stock, valued at approximately $2,045,598.75. This represents a 19.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, 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 currently owned by insiders.

Trinity Industries Stock Up 0.5%

Shares of NYSE TRN opened at $28.14 on Friday. The company has a market capitalization of $2.24 billion, a P/E ratio of 6.78 and a beta of 1.35. Trinity Industries, Inc. has a 52-week low of $24.76 and a 52-week high of $38.31. The company has a debt-to-equity ratio of 4.56, a quick ratio of 0.91 and a current ratio of 1.89. The company's 50 day moving average price is $32.73 and its 200-day moving average price is $33.05.

Analysts Set New Price Targets

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

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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