Trinity Industries (TRN) Upgraded to Buy at ValuEngine

Trinity Industries (NYSE:TRN) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

Several other research firms also recently commented on TRN. Cowen raised their price objective on shares of Trinity Industries from $36.00 to $46.00 and gave the stock an “outperform” rating in a report on Wednesday, December 13th. UBS Group raised shares of Trinity Industries from a “neutral” rating to a “positive” rating in a report on Monday, November 6th. Zacks Investment Research raised shares of Trinity Industries from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a report on Saturday, February 3rd. Seaport Global Securities initiated coverage on shares of Trinity Industries in a report on Thursday, January 4th. They issued a “neutral” rating for the company. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $43.00 price target on shares of Trinity Industries in a report on Friday, December 22nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $35.38.

Trinity Industries (NYSE TRN) opened at $31.90 on Thursday. The company has a market cap of $4,840.00, a P/E ratio of 21.27, a P/E/G ratio of 2.33 and a beta of 2.07. Trinity Industries has a fifty-two week low of $25.01 and a fifty-two week high of $38.25. The company has a quick ratio of 2.62, a current ratio of 3.70 and a debt-to-equity ratio of 0.75.

Trinity Industries declared that its Board of Directors has approved a stock buyback plan on Tuesday, December 12th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the transportation company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

In related news, major shareholder Valueact Capital Master Fund, acquired 425,000 shares of the company’s stock in a transaction dated Wednesday, November 15th. The stock was bought at an average cost of $32.88 per share, with a total value of $13,974,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Holdings L.P. Valueact acquired 125,000 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were bought at an average cost of $32.89 per share, with a total value of $4,111,250.00. The disclosure for this purchase can be found here. 2.00% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Cigna Investments Inc. New bought a new stake in shares of Trinity Industries during the 4th quarter worth $202,000. OLD National Bancorp IN bought a new stake in shares of Trinity Industries during the 4th quarter worth $204,000. Wellington Shields Capital Management LLC bought a new stake in shares of Trinity Industries during the 4th quarter worth $210,000. Sippican Capital Advisors bought a new stake in shares of Trinity Industries during the 3rd quarter worth $211,000. Finally, Griffin Asset Management Inc. bought a new stake in shares of Trinity Industries during the 3rd quarter worth $213,000. 83.19% of the stock is owned by institutional investors.

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Trinity Industries Company Profile

Trinity Industries, Inc is a diversified industrial company that owns businesses providing products and services to the energy, chemical, agriculture, transportation and construction sectors. The Company’s products and services include railcars and railcar parts; parts and steel components; the leasing, management and maintenance of railcars; highway products; construction aggregates; inland barges; structural wind towers; steel utility structures; storage and distribution containers, and trench shields and shoring products.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Trinity Industries (NYSE:TRN)

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