PDT Partners LLC Invests $12.42 Million in Trinity Industries, Inc. $TRN

Key Points

• PDT Partners acquired 359,270 shares of Trinity Industries in the second quarter, worth approximately $12.42 million and representing a 0.45% stake. Institutional investors collectively own 86.57% of the company.
• Trinity shares opened at $29.61, below their 50-day and 200-day moving averages of $33.62 and $33.21, respectively. The stock has traded between $24.76 and $38.31 over the past year.
• Analysts maintain a generally cautious outlook, with an average rating of “Hold” and an average price target of $35.00; Susquehanna recently lowered its target to $34.00.

PDT Partners LLC acquired a new position in shares of Trinity Industries, Inc. (NYSE:TRN - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 359,270 shares of the transportation company's stock, valued at approximately $12,424,000. PDT Partners LLC owned 0.45% of Trinity Industries at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Strs Ohio bought a new stake in Trinity Industries during the first quarter valued at about $25,000. Northwestern Mutual Wealth Management Co. boosted its stake in Trinity Industries by 94.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,016 shares of the transportation company's stock valued at $27,000 after purchasing an additional 494 shares during the period. Whittier Trust Co. boosted 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 valued at $28,000 after purchasing an additional 775 shares during the period. Smartleaf Asset Management LLC grew its holdings in Trinity Industries by 24.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,538 shares of the transportation company's stock valued at $41,000 after buying an additional 298 shares during the last quarter. Finally, Kelleher Financial Advisors acquired a new stake in Trinity Industries in the 3rd quarter valued at approximately $41,000. Institutional investors own 86.57% of the company's stock.

Trinity Industries Trading Down 0.3%

Shares of TRN opened at $29.61 on Wednesday. The stock's 50-day moving average price is $33.62 and its 200 day moving average price is $33.21. The company has a quick ratio of 0.91, a current ratio of 1.89 and a debt-to-equity ratio of 4.56. The firm has a market capitalization of $2.36 billion, a price-to-earnings ratio of 7.13 and a beta of 1.37. Trinity Industries, Inc. has a 12-month low of $24.76 and a 12-month high of $38.31.

Analysts Set New Price Targets

TRN has been the subject of a number of research analyst reports. Susquehanna cut their price target on Trinity Industries from $35.00 to $34.00 and set a "neutral" rating for the company in a report on Friday, July 31st. Wall Street Zen downgraded shares of Trinity Industries from a "buy" rating to a "hold" rating in a research note on Saturday, June 13th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $36.00 target price on shares of Trinity Industries in a research report on Thursday, April 30th. 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 investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Trinity Industries currently has an average rating of "Hold" and an average price target of $35.00.

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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