Shorts On Watch: Could Trinity Industries Incorporated (NYSE:TRN) Skyrocket? The Stock Has Too Many Sellers

November 18, 2016 - By Winifred Garcia   ·   0 Comments

Shorts On Watch: Could Trinity Industries Incorporated (NYSE:TRN) Skyrocket? The Stock Has Too Many Sellers

The stock of Trinity Industries Incorporated (NYSE:TRN) registered an increase of 1.57% in short interest. TRN’s total short interest was 11.86 million shares in November as published by FINRA. Its up 1.57% from 11.67 million shares, reported previously. With 1.25M shares average volume, it will take short sellers 10 days to cover their TRN’s short positions. The short interest to Trinity Industries Incorporated’s float is 8.6%. The stock decreased 0.34% or $0.09 during the last trading session, hitting $26.01. Trinity Industries Inc (NYSE:TRN) has risen 34.63% since April 18, 2016 and is uptrending. It has outperformed by 30.20% the S&P500.

Trinity Industries, Inc. is a diversified industrial firm that owns a range of businesses providing services and products to the energy, transportation, chemical and construction sectors. The company has a market cap of $3.80 billion. The Company’s services and products include railcars and railcar parts; parts and steel components; the leasing, management and maintenance of railcars; highway products; aggregates; inland barges; structural wind towers; steel utility structures; storage and distribution containers, and trench shields and shoring products. It has a 8.37 P/E ratio. The Company’s divisions include the Rail Group, Railcar Leasing and Management Services Group, Construction Products Group, Energy Equipment Group, Inland Barge Group and All Other Groups.

Insitutional Activity: The institutional sentiment increased to 1.2 in Q2 2016. Its up 0.34, from 0.86 in 2016Q1. The ratio improved, as 44 funds sold all Trinity Industries Inc shares owned while 115 reduced positions. 33 funds bought stakes while 103 increased positions. They now own 110.60 million shares or 3.18% more from 107.20 million shares in 2016Q1.
Hussman Strategic accumulated 5,700 shares or 0.02% of the stock. Deutsche Comml Bank Ag has 0.01% invested in the company for 1.11M shares. Pub Employees Retirement Association Of Colorado accumulated 35,885 shares or 0.01% of the stock. Acadian Asset Mgmt Lc has 0% invested in the company for 5,310 shares. Moreover, Nuveen Asset Ltd has 0.01% invested in Trinity Industries Inc (NYSE:TRN) for 63,100 shares. Afam Capital Inc last reported 129,922 shares in the company. Voya Inv Limited Liability Co has 208,668 shares for 0.01% of their US portfolio. Sandy Spring Bank & Trust accumulated 0.22% or 103,270 shares. Fmr accumulated 141,145 shares or 0% of the stock. State Street Corporation holds 3.92M shares or 0.01% of its portfolio. Torchmark Corp last reported 120,700 shares in the company. Bluemountain Capital Mngmt Limited Co accumulated 11,651 shares or 0% of the stock. Stifel accumulated 24,273 shares or 0% of the stock. Mufg Americas Holdg Corporation has 0% invested in the company for 25 shares. Synovus Fincl has 11,685 shares for 0.01% of their US portfolio.

Insider Transactions: Since November 2, 2016, the stock had 1 insider purchase, and 0 selling transactions for $9.77 million net activity. ValueAct Holdings – L.P. bought $9.77M worth of Trinity Industries Inc (NYSE:TRN) on Wednesday, November 2.

Trinity Industries Inc (NYSE:TRN) Ratings Coverage

Out of 9 analysts covering Trinity Industries (NYSE:TRN), 2 rate it a “Buy”, 3 “Sell”, while 4 “Hold”. This means 22% are positive. Trinity Industries has been the topic of 14 analyst reports since September 4, 2015 according to StockzIntelligence Inc. The stock of Trinity Industries Inc (NYSE:TRN) earned “Outperform” rating by Cowen & Co on Friday, February 12. As per Friday, September 4, the company rating was upgraded by Macquarie Research. As per Thursday, February 18, the company rating was initiated by Axiom Capital. The firm has “Hold” rating given on Tuesday, April 19 by Stifel Nicolaus. The firm earned “Market Perform” rating on Monday, September 21 by Wells Fargo. The company was downgraded on Monday, June 20 by Longbow. The firm has “Outperform” rating by Cowen & Co given on Monday, December 14. The firm earned “Hold” rating on Friday, September 30 by Stifel Nicolaus. The firm has “Underweight” rating given on Friday, February 19 by BB&T Capital. The rating was initiated by CLSA on Friday, September 30 with “Underperform”.

TRN Company Profile

Trinity Industries, Inc., incorporated on August 4, 1986, is a diversified industrial firm that owns a range of businesses providing services and products to the energy, transportation, chemical and construction sectors. The Company’s services and products include railcars and railcar parts; parts and steel components; the leasing, management and maintenance of railcars; highway products; aggregates; inland barges; structural wind towers; steel utility structures; storage and distribution containers, and trench shields and shoring products. The Company’s divisions include the Rail Group, Railcar Leasing and Management Services Group, Construction Products Group, Energy Equipment Group, Inland Barge Group and All Other Groups.

Another recent and important Trinity Industries Inc (NYSE:TRN) news was published by Businesswire.com which published an article titled: “Trinity Industries, Inc. Announces Third Quarter 2016 Results” on October 26, 2016.

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By Winifred Garcia


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