Hsbc Holdings PLC Makes New $1.35 Million Investment in Trinity Industries, Inc. $TRN

Key Points

• HSBC Holdings PLC acquired 38,795 shares of Trinity Industries during the second quarter, valued at approximately $1.35 million. Institutional investors collectively own 86.57% of TRN’s outstanding shares.
• Trinity Industries shares opened at $28.80, below their 50-day and 200-day moving averages near $33.18. The stock has a market capitalization of $2.29 billion and trades at a P/E ratio of 6.94.
• Analyst sentiment remains cautious, with one Buy rating and two Hold ratings, producing a consensus rating of Hold and an average price target of $35.00. Separately, an executive sold 17,000 shares under a pre-arranged Rule 10b5-1 plan.

Hsbc Holdings PLC bought a new position in shares of Trinity Industries, Inc. (NYSE:TRN - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 38,795 shares of the transportation company's stock, valued at approximately $1,346,000.

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

Trinity Industries Stock Performance

NYSE TRN opened at $28.80 on Tuesday. The firm has a market cap of $2.29 billion, a P/E ratio of 6.94 and a beta of 1.37. Trinity Industries, Inc. has a 52-week low of $24.76 and a 52-week high of $38.31. The business's 50-day moving average price is $33.19 and its 200 day moving average price is $33.17. 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 Buying and Selling at Trinity Industries

In other Trinity Industries 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 value of $502,350.00. Following the transaction, the executive vice president directly owned 69,225 shares in the company, 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 SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.10% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TRN. Wall Street Zen lowered shares of Trinity Industries from a "buy" rating to a "hold" rating in a research report on Saturday, June 13th. Susquehanna reduced 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. Finally, Weiss Ratings cut shares of Trinity Industries from a "buy (b)" rating to a "buy (b-)" rating in a research note on Thursday, August 13th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Trinity Industries presently has a consensus rating of "Hold" and an average price target 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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