ValuEngine upgraded shares of Trinity Industries (NYSE:TRN) from a hold rating to a buy rating in a report released on Thursday morning.

Other equities research analysts have also issued reports about the stock. Cowen reiterated a buy rating and set a $39.00 price target (up from $31.00) on shares of Trinity Industries in a research note on Tuesday, October 17th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Trinity Industries from a hold rating to a buy rating and set a $42.00 price target on the stock in a research note on Tuesday, January 2nd. Stifel Nicolaus reiterated a buy rating and set a $43.00 price target on shares of Trinity Industries in a research note on Friday, December 22nd. Seaport Global Securities initiated coverage on shares of Trinity Industries in a research note on Thursday, January 4th. They set a neutral rating on the stock. Finally, Susquehanna Bancshares upgraded shares of Trinity Industries from a neutral rating to a positive rating in a research note on Monday, November 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the company. Trinity Industries currently has a consensus rating of Buy and an average target price of $35.25.

Shares of Trinity Industries (NYSE TRN) opened at $31.90 on Thursday. Trinity Industries has a one year low of $25.01 and a one year high of $38.25. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.62 and a current ratio of 3.70. The company has a market cap of $4,840.00, a price-to-earnings ratio of 21.27, a P/E/G ratio of 2.31 and a beta of 2.07.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Friday, January 12th were paid a $0.13 dividend. The ex-dividend date was Thursday, January 11th. This represents a $0.52 dividend on an annualized basis and a yield of 1.63%. Trinity Industries’s dividend payout ratio is presently 34.67%.

Trinity Industries declared that its board has approved a share repurchase plan on Tuesday, December 12th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the transportation company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

In other Trinity Industries news, SVP William A. Mcwhirter sold 20,000 shares of Trinity Industries stock in a transaction on Friday, December 15th. The shares were sold at an average price of $36.90, for a total value of $738,000.00. Following the transaction, the senior vice president now directly owns 191,339 shares in the company, valued at $7,060,409.10. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Valueact Capital Master Fund, acquired 425,000 shares of the company’s stock in a transaction on Wednesday, November 15th. The stock was acquired at an average price of $32.88 per share, for a total transaction of $13,974,000.00. The disclosure for this purchase can be found here. Insiders own 2.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. ValueAct Holdings L.P. increased its stake in Trinity Industries by 10.7% in the third quarter. ValueAct Holdings L.P. now owns 17,255,115 shares of the transportation company’s stock valued at $550,438,000 after purchasing an additional 1,672,510 shares during the period. Janus Henderson Group PLC increased its stake in Trinity Industries by 16.3% in the third quarter. Janus Henderson Group PLC now owns 4,512,499 shares of the transportation company’s stock valued at $143,949,000 after purchasing an additional 633,336 shares during the period. Impala Asset Management LLC increased its stake in Trinity Industries by 8.5% in the third quarter. Impala Asset Management LLC now owns 2,130,641 shares of the transportation company’s stock valued at $67,967,000 after purchasing an additional 167,491 shares during the period. Jennison Associates LLC increased its stake in Trinity Industries by 98.8% in the fourth quarter. Jennison Associates LLC now owns 2,127,208 shares of the transportation company’s stock valued at $79,685,000 after purchasing an additional 1,056,986 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. increased its stake in Trinity Industries by 31.6% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 751,052 shares of the transportation company’s stock valued at $23,957,000 after purchasing an additional 180,144 shares during the period. Institutional investors own 83.19% of the company’s stock.

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About Trinity Industries

Trinity Industries, Inc is a diversified industrial company that owns businesses providing products and services to the energy, chemical, agriculture, transportation and construction sectors. The Company’s products and services include railcars and railcar parts; parts and steel components; the leasing, management and maintenance of railcars; highway products; construction aggregates; inland barges; structural wind towers; steel utility structures; storage and distribution containers, and trench shields and shoring products.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Trinity Industries (NYSE:TRN)

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