Insider Selling: Trinity Industries (NYSE:TRN) EVP Sells 17,000 Shares

Key Points

• Trinity Industries EVP Kevin Poet sold 17,000 shares at an average price of $29.55, generating approximately $502,350. The sale was conducted under a pre-arranged Rule 10b5-1 plan and reduced his direct ownership by 19.72%.
• TRN shares traded near $29.49, below both their 50-day and 200-day moving averages. The stock has ranged from $24.76 to $38.31 over the past year and carries a consensus “Hold” rating with an average analyst price target of $35.
• Institutional investors own 86.57% of Trinity Industries, with several firms increasing their positions during the second quarter, including California State Teachers Retirement System, which added more than 3.2 million shares.

Trinity Industries, Inc. (NYSE:TRN - Get Free Report) EVP Kevin Poet sold 17,000 shares of the company'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 value of $502,350.00. Following the completion of the transaction, the executive vice president directly owned 69,225 shares of the company's stock, 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 filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Trinity Industries Stock Performance

TRN stock traded down $0.10 during midday trading on Wednesday, hitting $29.49. The company's stock had a trading volume of 366,064 shares, compared to its average volume of 758,584. 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. Trinity Industries, Inc. has a 1 year low of $24.76 and a 1 year high of $38.31. The stock has a market cap of $2.35 billion, a price-to-earnings ratio of 7.11 and a beta of 1.37.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Trinity Industries in the 2nd quarter valued at about $313,000. First Eagle Investment Management LLC boosted its position in Trinity Industries by 11.5% during the second quarter. First Eagle Investment Management LLC now owns 463,319 shares of the transportation company's stock worth $16,022,000 after purchasing an additional 47,700 shares during the period. California State Teachers Retirement System boosted its position in Trinity Industries by 3,268.8% during the second quarter. California State Teachers Retirement System now owns 3,305,053 shares of the transportation company's stock worth $114,289,000 after purchasing an additional 3,206,944 shares during the period. TD Waterhouse Canada Inc. boosted its holdings in Trinity Industries by 2.2% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 71,625 shares of the transportation company's stock worth $2,431,000 after buying an additional 1,570 shares during the period. Finally, Nykredit A S purchased a new position in Trinity Industries in the 2nd quarter valued at approximately $31,000. Institutional investors own 86.57% of the company's stock.

Wall Street Analyst Weigh In

TRN has been the topic of a number of research analyst reports. Susquehanna cut their price target on shares of Trinity Industries from $35.00 to $34.00 and set a "neutral" rating on the stock 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 report on Saturday, June 13th. The Goldman Sachs Group reiterated a "neutral" rating and issued a $36.00 target price on shares of Trinity Industries in a research note on Thursday, April 30th. Finally, Weiss Ratings downgraded shares of Trinity Industries from a "buy (b)" rating to a "buy (b-)" rating in a research report on Thursday, August 13th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $35.00.

About Trinity Industries

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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