Oregon Public Employees Retirement Fund Lowers Position in Trinity Industries Inc (NYSE:TRN)

Oregon Public Employees Retirement Fund cut its holdings in shares of Trinity Industries Inc (NYSE:TRN) by 7.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 53,870 shares of the transportation company’s stock after selling 4,412 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Trinity Industries were worth $1,118,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. First Hawaiian Bank purchased a new position in shares of Trinity Industries during the 1st quarter worth $62,000. Steward Partners Investment Advisory LLC lifted its stake in Trinity Industries by 14.9% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 33,968 shares of the transportation company’s stock worth $738,000 after acquiring an additional 4,400 shares in the last quarter. Strs Ohio lifted its stake in Trinity Industries by 12.8% during the 1st quarter. Strs Ohio now owns 15,117 shares of the transportation company’s stock worth $328,000 after acquiring an additional 1,717 shares in the last quarter. Laurion Capital Management LP acquired a new position in Trinity Industries during the 1st quarter worth about $1,892,000. Finally, Zuckerman Investment Group LLC lifted its stake in Trinity Industries by 0.3% during the 1st quarter. Zuckerman Investment Group LLC now owns 644,745 shares of the transportation company’s stock worth $14,010,000 after acquiring an additional 1,791 shares in the last quarter. Institutional investors and hedge funds own 86.61% of the company’s stock.

TRN stock traded down $0.22 during mid-day trading on Wednesday, reaching $19.06. The company had a trading volume of 136,832 shares, compared to its average volume of 1,480,998. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.91 and a quick ratio of 0.84. The company has a market cap of $2.47 billion, a P/E ratio of 23.83, a price-to-earnings-growth ratio of 1.44 and a beta of 1.98. The company has a fifty day moving average of $19.78. Trinity Industries Inc has a fifty-two week low of $18.19 and a fifty-two week high of $39.35.

Trinity Industries (NYSE:TRN) last posted its quarterly earnings results on Wednesday, July 24th. The transportation company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.02). The company had revenue of $736.00 million during the quarter, compared to analyst estimates of $796.00 million. Trinity Industries had a net margin of 4.06% and a return on equity of 5.40%. Trinity Industries’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.43 EPS. Sell-side analysts predict that Trinity Industries Inc will post 1.35 EPS for the current year.

In other Trinity Industries news, insider Brian D. Madison sold 2,157 shares of Trinity Industries stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $20.90, for a total value of $45,081.30. Following the transaction, the insider now directly owns 58,345 shares in the company, valued at approximately $1,219,410.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Brandon B. Boze bought 108,796 shares of the stock in a transaction on Wednesday, July 31st. The stock was bought at an average price of $19.84 per share, for a total transaction of $2,158,512.64. The disclosure for this purchase can be found here. 18.50% of the stock is owned by company insiders.

Several research firms recently issued reports on TRN. Buckingham Research set a $22.00 target price on Trinity Industries and gave the stock a “hold” rating in a research note on Friday, July 26th. Zacks Investment Research lowered Trinity Industries from a “buy” rating to a “hold” rating and set a $17.00 target price on the stock. in a research note on Tuesday, June 4th. Stifel Nicolaus set a $33.00 target price on Trinity Industries and gave the stock a “buy” rating in a research note on Friday, April 26th. TheStreet lowered Trinity Industries from a “b” rating to a “c” rating in a research note on Thursday, April 25th. Finally, ValuEngine raised Trinity Industries from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $26.00.

Trinity Industries Company Profile

Trinity Industries, Inc provides rail transportation products and services in North America. It operates through three segments: Railcar Leasing and Management Services Group, Rail Products Group, and All Other. The Railcar Leasing and Management Services Group segment leases freight and tank railcars; originates and manages railcar leases for third-party investor-owned fund; and provides fleet maintenance and management services to industrial shippers.

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Institutional Ownership by Quarter for Trinity Industries (NYSE:TRN)

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