Trinity Industries Inc Has More Gas To Increase After Today’s Bullish Options Activity

 Trinity Industries Inc Has More Gas To Increase After Today's Bullish Options Activity

In today’s session Trinity Industries Inc (TRN) registered an unusually high (209) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious TRN increase. With 209 contracts traded and 574 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: TRN161118C00022500 closed last at: $0.75 or 25% up. About 1.07M shares traded hands. Trinity Industries Inc (NYSE:TRN) has risen 36.18% since April 8, 2016 and is uptrending. It has outperformed by 30.53% the S&P500.

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 rating was maintained by Stifel Nicolaus with “Buy” on Monday, February 22. As per Friday, September 30, the company rating was initiated by CLSA. The stock has “Hold” rating given by Stifel Nicolaus on Tuesday, April 19. As per Thursday, February 18, the company rating was initiated by Axiom Capital. The firm has “Market Perform” rating by Wells Fargo given on Monday, September 21. The stock has “Underweight” rating given by BB&T Capital on Friday, February 19. The stock of Trinity Industries Inc (NYSE:TRN) has “Neutral” rating given on Monday, June 20 by Longbow. Stifel Nicolaus maintained it with “Hold” rating and $21.0 target price in Friday, September 30 report. Cowen & Co initiated the shares of TRN in a report on Monday, December 14 with “Outperform” rating. The company was upgraded on Friday, September 4 by Macquarie Research.

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.
South Dakota Invest Council holds 290,700 shares or 0.12% of its portfolio. Alps Advisors reported 22,097 shares or 0% of all its holdings. Parallax Volatility Advisers Lp holds 0% of its portfolio in Trinity Industries Inc (NYSE:TRN) for 33,071 shares. Wells Fargo Mn has 0% invested in the company for 454,812 shares. Amp Investors last reported 28,700 shares in the company. Profund Limited Liability Com reported 30,408 shares or 0.03% of all its holdings. North Star Invest Mngmt last reported 0.37% of its portfolio in the stock. Thompson Siegel Walmsley Lc last reported 0.18% of its portfolio in the stock. The Israel-based Psagot Inv House Limited has invested 0.03% in Trinity Industries Inc (NYSE:TRN). First Eagle Invest Ltd Llc holds 0.01% or 149,200 shares in its portfolio. Us State Bank De holds 0% of its portfolio in Trinity Industries Inc (NYSE:TRN) for 44,332 shares. Cibc World Inc accumulated 19,021 shares or 0% of the stock. Independent Portfolio Consultants accumulated 55,936 shares or 0.33% of the stock. Macquarie Grp has 50,400 shares for 0% of their US portfolio. Liberty Mutual Asset Mgmt last reported 0.04% of its portfolio in the stock.

Insider Transactions: Since November 2, 2016, the stock had 1 buying transaction, and 0 selling transactions for $9.77 million net activity. ValueAct Holdings – L.P. bought $9.77 million worth of stock.

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 $4.31 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 8.25 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.

Another recent and important Trinity Industries Inc (NYSE:TRN) news was published by Businesswire.com which published an article titled: “Trinity Industries, Inc. Announces Third Quarter 2016 Results” on October 26, 2016.

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