Legal & General Group Plc Invests $6.60 Million in Trinity Industries, Inc. $TRN

Key Points

• Legal & General Group Plc acquired 190,917 shares of Trinity Industries in the second quarter, worth approximately $6.6 million and representing a 0.24% stake.
• Institutional investors and hedge funds own 86.57% of Trinity’s stock, with several firms—including Millennium Management and Jane Street—significantly increasing their positions.
• Analyst sentiment remains cautious: Trinity has an average rating of “Hold” and an average price target of $35, while the stock recently opened at $28.04 and an executive sold 17,000 shares under a pre-arranged trading plan.

Legal & General Group Plc bought a new stake in Trinity Industries, Inc. (NYSE:TRN - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 190,917 shares of the transportation company's stock, valued at approximately $6,602,000. Legal & General Group Plc owned 0.24% of Trinity Industries at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Royal Bank of Canada lifted its holdings in Trinity Industries by 0.6% in the 1st quarter. Royal Bank of Canada now owns 73,775 shares of the transportation company's stock worth $2,069,000 after buying an additional 457 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Trinity Industries by 33.8% during 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 shares of 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 last quarter. Jane Street Group LLC increased its position in shares of Trinity Industries by 1,341.9% during the first quarter. Jane Street Group LLC now owns 134,098 shares of the transportation company's stock worth $3,763,000 after acquiring an additional 124,798 shares during the last quarter. Finally, Intech Investment Management LLC lifted its stake in shares of Trinity Industries by 44.0% in the first quarter. Intech Investment Management LLC now owns 48,014 shares of the transportation company's stock worth $1,347,000 after acquiring an additional 14,678 shares in the last quarter. 86.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Trinity Industries Stock Performance

Shares of TRN stock opened at $28.04 on Thursday. The company has a debt-to-equity ratio of 4.56, a quick ratio of 0.91 and a current ratio of 1.89. Trinity Industries, Inc. has a one year low of $24.76 and a one year high of $38.31. The company's 50-day simple moving average is $32.90 and its 200-day simple moving average is $33.10. The stock has a market capitalization of $2.23 billion, a price-to-earnings ratio of 6.76 and a beta of 1.35.

Insider Activity at Trinity Industries

In other 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 completion of the transaction, the executive vice president 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.10% of the company's stock.

Trinity Industries 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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