Legal & General Group Plc Acquires New Position in Trinity Industries, Inc. $TRN

Legal & General Group Plc acquired a new position in shares of Trinity Industries, Inc. (NYSE:TRN) during the 2nd quarter, HoldingsChannel reports. The firm acquired 190,917 shares of the transportation company’s stock, valued at approximately $6,602,000.

A number of other large investors have also recently bought and sold shares of the business. UBS Group AG lifted its holdings in shares of Trinity Industries by 92.3% in the 4th quarter. UBS Group AG now owns 455,201 shares of the transportation company’s stock worth $12,036,000 after purchasing an additional 218,437 shares during the last quarter. Deutsche Bank AG grew its stake in Trinity Industries by 68.2% during the 2nd quarter. Deutsche Bank AG now owns 120,067 shares of the transportation company’s stock worth $4,152,000 after buying an additional 48,691 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in Trinity Industries during the 1st quarter worth $6,710,000. Orchard Capital Management LLC acquired a new stake in Trinity Industries in the second quarter worth $2,705,000. Finally, Quantbot Technologies LP acquired a new stake in Trinity Industries in the second quarter worth $1,256,000. Institutional investors own 86.57% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TRN. Susquehanna cut their target price on Trinity Industries from $35.00 to $34.00 and set a “neutral” rating on the stock in a research note on Friday, July 31st. Wall Street Zen lowered shares of Trinity Industries from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Finally, Weiss Ratings cut shares of Trinity Industries from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, August 13th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Trinity Industries presently has an average rating of “Hold” and a consensus price target of $35.00.

Insider Transactions at Trinity Industries

In other Trinity Industries news, EVP Kevin Poet sold 17,000 shares of the business’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $29.55, for a total transaction 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. The trade was a 19.72% decrease in their position. The sale 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. Company insiders own 2.10% of the company’s stock.

Trinity Industries Stock Performance

Shares of TRN stock opened at $28.04 on Thursday. Trinity Industries, Inc. has a 12-month low of $24.76 and a 12-month high of $38.31. The firm has a market capitalization of $2.23 billion, a price-to-earnings ratio of 6.76 and a beta of 1.35. The business has a 50 day simple moving average of $32.90 and a 200 day simple moving average of $33.10. The company has a debt-to-equity ratio of 4.56, a current ratio of 1.89 and a quick ratio of 0.91.

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.