The Manufacturers Life Insurance Company bought a new stake in Trinity Industries, Inc. (NYSE:TRN - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 38,176 shares of the transportation company's stock, valued at approximately $1,320,000.
Several other institutional investors and hedge funds have also modified their holdings of the business. Strs Ohio bought a new position in Trinity Industries during the first quarter worth about $25,000. Northwestern Mutual Wealth Management Co. grew its position in shares of 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 worth $27,000 after purchasing an additional 494 shares in the last quarter. Whittier Trust Co. grew its position in shares of 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 purchasing an additional 775 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Trinity Industries by 24.0% during 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 period. Finally, Kelleher Financial Advisors bought a new position in shares of Trinity Industries during the third quarter worth approximately $41,000. 86.57% of the stock is currently owned by institutional investors and hedge funds.
Trinity Industries Stock Performance
Shares of Trinity Industries stock opened at $28.28 on Friday. The company has a 50 day moving average of $32.58 and a 200-day moving average of $33.02. Trinity Industries, Inc. has a 1-year low of $24.76 and a 1-year high of $38.31. The company has a current ratio of 1.89, a quick ratio of 0.91 and a debt-to-equity ratio of 4.56. The company has a market cap of $2.25 billion, a PE ratio of 6.81 and a beta of 1.35.
Insider Buying and Selling
In other Trinity Industries news, EVP Kevin Poet sold 17,000 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly owned 69,225 shares in the company, valued at $2,045,598.75. The trade was a 19.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.10% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
TRN has been the subject of several recent research 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 research note on Friday, July 31st. Weiss Ratings cut Trinity Industries from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday, August 13th. Finally, Wall Street Zen downgraded Trinity Industries from a "buy" rating to a "hold" rating in a research report on Saturday, June 13th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Trinity Industries has an average rating of "Hold" and an average price target of $35.00.
Read Our Latest Report on TRN
Trinity Industries Profile
(
Free Report)
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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