Trinity Industries Inc Is a Buy; Strong Momentum from Option Traders

 Trinity Industries Inc Is a Buy; Strong Momentum from Option Traders

In today’s session Trinity Industries Inc (TRN) registered an unusually high (274) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious TRN increase. With 274 contracts traded and 24684 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: TRN170120C00026000 closed last at: $1.35 or 22.7% up. About 375,745 shares traded hands. Trinity Industries Inc (NYSE:TRN) has risen 45.90% since March 4, 2016 and is uptrending. It has outperformed by 37.87% the S&P500.

Analysts await Trinity Industries Inc (NYSE:TRN) to report earnings on October, 27. They expect $0.52 earnings per share, down 60.31% or $0.79 from last year’s $1.31 per share. TRN’s profit will be $79.11M for 11.69 P/E if the $0.52 EPS becomes a reality. After $0.62 actual earnings per share reported by Trinity Industries Inc for the previous quarter, Wall Street now forecasts -16.13% negative EPS growth.

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 Monday, February 22. The firm has “Underperform” rating by CLSA given on Friday, September 30. Wells Fargo downgraded the shares of TRN in a report on Monday, September 21 to “Market Perform” rating. The stock of Trinity Industries Inc (NYSE:TRN) earned “Hold” rating by Stifel Nicolaus on Tuesday, April 19. Axiom Capital initiated the shares of TRN in a report on Thursday, February 18 with “Sell” rating. The rating was maintained by Cowen & Co with “Outperform” on Friday, February 12. The firm has “Underweight” rating by BB&T Capital given on Friday, February 19. Cowen & Co initiated the stock with “Outperform” rating in Monday, December 14 report. The firm earned “Neutral” rating on Friday, September 4 by Macquarie Research. Longbow downgraded the shares of TRN in a report on Monday, June 20 to “Neutral” rating.

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.”

Insitutional Activity: The institutional sentiment decreased to 0.86 in Q2 2016. Its down 0.11, from 0.97 in 2016Q1. The ratio dropped, 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.
Moreover, Shelton Capital Management has 0.02% invested in Trinity Industries Inc (NYSE:TRN) for 14,910 shares. The New York-based Gamco Investors Inc Et Al has invested 0.02% in Trinity Industries Inc (NYSE:TRN). Moreover, Bowling Management Limited Liability Corporation has 0.13% invested in Trinity Industries Inc (NYSE:TRN) for 41,171 shares. Mufg Americas Holdings last reported 25 shares in the company. Cipher Cap Ltd Partnership holds 124,916 shares or 0.16% of its portfolio. Perkins Inv Management Limited Liability Corp last reported 0.99% of its portfolio in the stock. Ngam Advisors L P has 65,728 shares for 0.02% of their US portfolio. Wellington Shields & Ltd Llc reported 27,819 shares or 0.32% of all its holdings. Envestnet Asset Mngmt holds 269,315 shares or 0.02% of its portfolio. First Pacific Advsrs Ltd Co, a California-based fund reported 74,080 shares. Catalyst Cap Advsr Limited Co has 0.08% invested in the company for 23,800 shares. Louisiana State Employees Retirement System has 0.04% invested in the company for 40,100 shares. Victory Cap has 0% invested in the company for 12,595 shares. Amp Investors Ltd reported 28,700 shares or 0% of all its holdings. South Dakota Investment Council has 290,700 shares for 0.12% of their US portfolio.

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 $3.70 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 6.29 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.

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.

More important recent Trinity Industries Inc (NYSE:TRN) news were published by: Fool.com which released: “Trinity Industries Inc. Stock Jumps on Activist Stake” on July 29, 2016, also Nasdaq.com published article titled: “November 25th Options Now Available For Trinity Industries (TRN)”, Businesswire.com published: “Trinity Industries, Inc. Announces Second Quarter 2016 Results” on July 21, 2016. More interesting news about Trinity Industries Inc (NYSE:TRN) was released by: Fool.com and their article: “Why Trinity Industries Inc Shares Crashed” with publication date: February 19, 2016.

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