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.
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.
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