Empowered Funds LLC Takes $12.17 Million Position in Trinity Industries, Inc. $TRN

Key Points

• Empowered Funds LLC initiated a $12.17 million position in Trinity Industries during the second quarter, acquiring 352,061 shares, or approximately 0.44% of the company.
• Institutional investors own 86.57% of Trinity’s stock, while several firms—including UBS, Deutsche Bank and Dimensional Fund Advisors—recently increased their holdings.
• TRN shares opened at $29.25, below their 50- and 200-day moving averages. Analysts collectively rate the stock “Hold,” with an average price target of $35.00; an executive also sold $502,350 worth of shares under a Rule 10b5-1 plan.

Empowered Funds LLC bought a new position in shares of Trinity Industries, Inc. (NYSE:TRN - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 352,061 shares of the transportation company's stock, valued at approximately $12,174,000. Empowered Funds LLC owned 0.44% of Trinity Industries as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. UBS Group AG lifted its position in Trinity Industries by 92.3% during the fourth quarter. UBS Group AG now owns 455,201 shares of the transportation company's stock valued at $12,036,000 after purchasing an additional 218,437 shares in the last quarter. Deutsche Bank AG increased its position in Trinity Industries by 68.2% in the second quarter. Deutsche Bank AG now owns 120,067 shares of the transportation company's stock worth $4,152,000 after buying an additional 48,691 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of Trinity Industries in the first quarter worth about $6,710,000. Orchard Capital Management LLC bought a new position in shares of Trinity Industries in the second quarter worth about $2,705,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Trinity Industries by 1.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,801,236 shares of the transportation company's stock valued at $154,500,000 after buying an additional 81,263 shares in the last quarter. Hedge funds and other institutional investors own 86.57% of the company's stock.

Trinity Industries Price Performance

NYSE:TRN opened at $29.25 on Friday. The business's 50-day simple moving average is $33.31 and its two-hundred day simple moving average is $33.17. Trinity Industries, Inc. has a 52 week low of $24.76 and a 52 week high of $38.31. The stock has a market cap of $2.33 billion, a PE ratio of 7.05 and a beta of 1.37. The company has a quick ratio of 0.91, a current ratio of 1.89 and a debt-to-equity ratio of 4.56.

Insider Activity

In related news, EVP Kevin Poet sold 17,000 shares of Trinity Industries stock in a transaction that occurred on Tuesday, August 25th. The stock was 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 trade represents a 19.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.10% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on TRN shares. Weiss Ratings downgraded Trinity Industries from a "buy (b)" rating to a "buy (b-)" rating in a research note on Thursday, August 13th. Wall Street Zen cut shares of Trinity Industries from a "buy" rating to a "hold" rating in a research note on Saturday, June 13th. Finally, Susquehanna dropped their price target 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 analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $35.00.

About Trinity Industries

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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