Trinity Industries, Inc. $TRN Shares Purchased by First Eagle Investment Management LLC

Key Points

• First Eagle Investment Management increased its Trinity Industries stake by 11.5% in the second quarter, adding 47,700 shares and bringing its holdings to 463,319 shares valued at approximately $16.0 million.
• Several other institutional investors also expanded or initiated positions in TRN, with hedge funds and institutional investors collectively owning 86.57% of the company’s stock.
• Trinity shares opened at $28.28, below their 50- and 200-day moving averages. Analysts maintain a consensus “Hold” rating with an average price target of $35.00, while an executive recently sold 17,000 shares under a pre-arranged trading plan.

First Eagle Investment Management LLC boosted its holdings in shares of Trinity Industries, Inc. (NYSE:TRN - Free Report) by 11.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 463,319 shares of the transportation company's stock after purchasing an additional 47,700 shares during the period. First Eagle Investment Management LLC owned approximately 0.58% of Trinity Industries worth $16,022,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in TRN. Hsbc Holdings PLC acquired a new position in Trinity Industries in the 2nd quarter valued at about $1,346,000. UBS Group AG lifted its position in Trinity Industries by 92.3% during the 4th quarter. UBS Group AG now owns 455,201 shares of the transportation company's stock worth $12,036,000 after acquiring an additional 218,437 shares during the period. Deutsche Bank AG grew its stake in shares of Trinity Industries by 68.2% in the 2nd quarter. Deutsche Bank AG now owns 120,067 shares of the transportation company's stock valued at $4,152,000 after purchasing an additional 48,691 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of Trinity Industries in the 1st quarter valued at approximately $6,710,000. Finally, Orchard Capital Management LLC acquired a new position in shares of Trinity Industries in the second quarter valued at approximately $2,705,000. 86.57% of the stock is owned by hedge funds and other institutional investors.

Trinity Industries Stock Performance

NYSE TRN opened at $28.28 on Monday. 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 business's 50 day moving average is $32.58 and its two-hundred day moving average is $33.00. The stock has a market capitalization of $2.25 billion, a price-to-earnings ratio of 6.81 and a beta of 1.35. Trinity Industries, Inc. has a 12-month low of $24.76 and a 12-month high of $38.31.

Insiders Place Their Bets

In other Trinity Industries news, EVP Kevin Poet sold 17,000 shares of the stock in a transaction 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 represents a 19.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

TRN has been the subject of several recent research reports. Susquehanna decreased 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. 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. Finally, Wall Street Zen downgraded shares of Trinity Industries from a "buy" rating to a "hold" rating in a research report on Saturday, June 13th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus 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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