Investors Purchase High Volume of Put Options on Trinity Industries (TRN)

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Trinity Industries Inc (NYSE:TRN) saw unusually large options trading activity on Tuesday. Traders purchased 6,734 put options on the company. This is an increase of 1,026% compared to the average daily volume of 598 put options.

Several large investors have recently bought and sold shares of TRN. Thompson Siegel & Walmsley LLC increased its holdings in shares of Trinity Industries by 13,081.4% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 1,779,493 shares of the transportation company’s stock valued at $60,965,000 after purchasing an additional 1,765,993 shares in the last quarter. Sterling Capital Management LLC increased its holdings in Trinity Industries by 171.2% in the 2nd quarter. Sterling Capital Management LLC now owns 1,284,143 shares of the transportation company’s stock worth $43,995,000 after acquiring an additional 810,646 shares in the last quarter. Hennessy Advisors Inc. purchased a new stake in Trinity Industries in the 3rd quarter worth $28,392,000. First Trust Advisors LP increased its holdings in Trinity Industries by 34.4% in the 2nd quarter. First Trust Advisors LP now owns 1,021,150 shares of the transportation company’s stock worth $34,985,000 after acquiring an additional 261,306 shares in the last quarter. Finally, Natixis increased its holdings in Trinity Industries by 2,385.1% in the 1st quarter. Natixis now owns 205,172 shares of the transportation company’s stock worth $6,668,000 after acquiring an additional 196,916 shares in the last quarter. 83.73% of the stock is owned by hedge funds and other institutional investors.

NYSE:TRN opened at $36.34 on Thursday. The company has a quick ratio of 1.61, a current ratio of 2.52 and a debt-to-equity ratio of 0.69. The company has a market cap of $5.41 billion, a PE ratio of 24.37, a PEG ratio of 2.26 and a beta of 2.18. Trinity Industries has a 1-year low of $30.39 and a 1-year high of $39.35.

Trinity Industries (NYSE:TRN) last posted its earnings results on Wednesday, July 25th. The transportation company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.11. The firm had revenue of $942.30 million during 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 business’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.33 EPS. Analysts expect that Trinity Industries will post 1.62 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 31st. Stockholders of record on Monday, October 15th will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend is Friday, October 12th. Trinity Industries’s dividend payout ratio (DPR) is 34.21%.

A number of research firms have issued reports on TRN. Mizuho began coverage on shares of Trinity Industries in a research report on Thursday, June 28th. They set a “buy” rating and a $42.00 price target for the company. Vertical Group raised shares of Trinity Industries from a “sell” rating to a “hold” rating in a research report on Thursday, September 20th. Buckingham Research raised their price target on shares of Trinity Industries from $41.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, July 27th. Stifel Nicolaus raised their price target on shares of Trinity Industries from $45.00 to $47.00 and gave the stock a “buy” rating in a research report on Friday, October 5th. Finally, UBS Group lowered shares of Trinity Industries from a “buy” rating to a “hold” rating in a research report on Monday, October 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company. Trinity Industries currently has an average rating of “Buy” and a consensus price target of $41.00.

Trinity Industries Company 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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