Stock Worth Watching: Institutional Investors Are Buying Trinity Industries Inc (NYSE:TRN)

November 28, 2016 - By Peter Erickson   ·   0 Comments

Stock Worth Watching: Institutional Investors Are Buying Trinity Industries Inc (NYSE:TRN)

Sentiment for Trinity Industries Inc (NYSE:TRN)

Trinity Industries Inc (NYSE:TRN) institutional sentiment increased to 1.2 in 2016 Q2. Its up 0.34, from 0.86 in 2016Q1. The ratio has increased, as 136 investment professionals increased or opened new positions, while 159 sold and trimmed holdings in Trinity Industries Inc. The investment professionals in our partner’s database now hold: 110.60 million shares, up from 107.20 million shares in 2016Q1. Also, the number of investment professionals holding Trinity Industries Inc in their top 10 positions increased from 2 to 3 for an increase of 1. Sold All: 44 Reduced: 115 Increased: 103 New Position: 33.

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 $4.14 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 8.71 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.

About 477,240 shares traded hands. Trinity Industries Inc (NYSE:TRN) has risen 42.18% since April 25, 2016 and is uptrending. It has outperformed by 36.17% the S&P500.

Analysts await Trinity Industries Inc (NYSE:TRN) to report earnings on February, 16. They expect $0.38 EPS, down 70.77% or $0.92 from last year’s $1.3 per share. TRN’s profit will be $58.18 million for 17.79 P/E if the $0.38 EPS becomes a reality. After $0.55 actual EPS reported by Trinity Industries Inc for the previous quarter, Wall Street now forecasts -30.91% negative EPS growth.

According to Zacks Investment Research, “Trinity Industries, Inc. is engaged in the manufacture, marketing, and leasing of a wide variety of products consisting of the following business segments or groups: Railcar Group, Inland Barge Group, Parts and Services Group, Highway Construction Product Group, Concrete & Aggregate Group, Industrial Group, and others. Others includes transportation services, the company’s captive insurance company, and other peripheral businesses.”

D.C. Capital Advisors Ltd holds 5.43% of its portfolio in Trinity Industries Inc for 5.00 million shares. Southernsun Asset Management Llc owns 8.34 million shares or 4.07% of their US portfolio. Moreover, First Dallas Securities Inc. has 2.97% invested in the company for 206,873 shares. The New Jersey-based Groesbeck Investment Management Corp Nj has invested 2.56% in the stock. Hodges Capital Management Inc., a Texas-based fund reported 2.70 million shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 1 buy, and 0 selling transactions for $9.77 million net activity.

Trinity Industries Inc (NYSE:TRN) Ratings Coverage

Ratings analysis reveals 22% of Trinity Industries’s analysts are positive. Out of 9 Wall Street analysts rating Trinity Industries, 2 give it “Buy”, 3 “Sell” rating, while 4 recommend “Hold”. The lowest target is $10 while the high is $32. The stock’s average target of $19.80 is -26.78% below today’s ($27.04) share price. TRN was included in 14 notes of analysts from September 4, 2015. On Thursday, February 18 the stock rating was initiated by Axiom Capital with “Sell”. Macquarie Research upgraded Trinity Industries Inc (NYSE:TRN) rating on Friday, September 4. Macquarie Research has “Neutral” rating and $27 price target. Cowen & Co initiated the stock with “Outperform” rating in Monday, December 14 report. Cowen & Co maintained Trinity Industries Inc (NYSE:TRN) rating on Friday, February 12. Cowen & Co has “Outperform” rating and $31 price target. The firm has “Hold” rating given on Tuesday, April 19 by Stifel Nicolaus. The firm earned “Buy” rating on Monday, February 22 by Stifel Nicolaus. The rating was downgraded by BB&T Capital on Friday, February 19 to “Underweight”. The firm has “Hold” rating given on Friday, September 30 by Stifel Nicolaus. On Monday, February 22 the stock rating was maintained by Cowen & Co with “Outperform”. The stock has “Underperform” rating given by CLSA on Friday, September 30.

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.

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By Peter Erickson

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