Riverhead Capital Management LLC Has $547,000 Holdings in Trinity Industries Inc (TRN)

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Riverhead Capital Management LLC lowered its position in Trinity Industries Inc (NYSE:TRN) by 63.3% in the 2nd quarter, Holdings Channel reports. The firm owned 15,960 shares of the transportation company’s stock after selling 27,500 shares during the quarter. Riverhead Capital Management LLC’s holdings in Trinity Industries were worth $547,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. ValueAct Holdings L.P. lifted its stake in Trinity Industries by 15.1% in the first quarter. ValueAct Holdings L.P. now owns 21,407,891 shares of the transportation company’s stock worth $698,539,000 after purchasing an additional 2,800,539 shares during the last quarter. Thompson Siegel & Walmsley LLC lifted its stake in Trinity Industries by 13,081.4% in the second quarter. Thompson Siegel & Walmsley LLC now owns 1,779,493 shares of the transportation company’s stock worth $60,965,000 after purchasing an additional 1,765,993 shares during the last quarter. Ardevora Asset Management LLP lifted its stake in Trinity Industries by 1.0% in the first quarter. Ardevora Asset Management LLP now owns 1,033,110 shares of the transportation company’s stock worth $33,710,000 after purchasing an additional 10,400 shares during the last quarter. Fiduciary Management Inc. WI lifted its stake in Trinity Industries by 189.2% in the first quarter. Fiduciary Management Inc. WI now owns 1,024,839 shares of the transportation company’s stock worth $33,440,000 after purchasing an additional 670,514 shares during the last quarter. Finally, First Trust Advisors LP lifted its stake in Trinity Industries by 34.4% in the second quarter. First Trust Advisors LP now owns 1,021,150 shares of the transportation company’s stock worth $34,985,000 after purchasing an additional 261,306 shares during the last quarter. 83.69% of the stock is owned by institutional investors and hedge funds.

Several analysts have issued reports on TRN shares. TheStreet raised shares of Trinity Industries from a “c+” rating to a “b” rating in a research note on Monday, July 23rd. Stifel Nicolaus raised their price objective on shares of Trinity Industries from $44.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, July 27th. Mizuho started coverage on shares of Trinity Industries in a research note on Wednesday, July 4th. They issued a “buy” rating and a $42.00 price objective for the company. Finally, Buckingham Research raised their price objective on shares of Trinity Industries from $41.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, July 27th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $39.75.

Shares of NYSE:TRN opened at $35.32 on Friday. The company has a market cap of $5.34 billion, a PE ratio of 23.24, a P/E/G ratio of 2.23 and a beta of 2.19. Trinity Industries Inc has a one year low of $28.25 and a one year high of $39.19. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.61 and a current ratio of 2.52.

Trinity Industries (NYSE:TRN) last issued its earnings results on Wednesday, July 25th. The transportation company reported $0.48 EPS for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.11. The business had revenue of $942.30 million for the quarter, compared to analyst estimates of $965.24 million. Trinity Industries had a net margin of 19.42% and a return on equity of 5.68%. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period last year, the company posted $0.33 earnings per share. sell-side analysts anticipate that Trinity Industries Inc will post 1.62 earnings per share for the current year.

Trinity Industries Profile

Trinity Industries, Inc provides various products and services to the energy, chemical, agriculture, transportation, and construction sectors in the United States and internationally. Its Rail Group segment offers railcars, including autorack, box, covered hopper, gondola, intermodal, tank, and open hopper cars; and railcar maintenance services.

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Institutional Ownership by Quarter for Trinity Industries (NYSE:TRN)

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