Today’s Market Runner: Will Trinity Industries Inc Go Down Anytime Soon?

Today's Market Runner: Will Trinity Industries Inc Go Down Anytime Soon?

The stock of Trinity Industries Inc (NYSE:TRN) is a huge mover today! About 879,496 shares traded hands. Trinity Industries Inc (NYSE:TRN) has risen 42.76% since April 11, 2016 and is uptrending. It has outperformed by 36.62% the S&P500.
The move comes after 7 months positive chart setup for the $4.26 billion company. It was reported on Nov, 11 by Barchart.com. We have $38.54 PT which if reached, will make NYSE:TRN worth $1.96 billion more.

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 firm earned “Market Perform” rating on Monday, September 21 by Wells Fargo. The stock of Trinity Industries Inc (NYSE:TRN) earned “Underperform” rating by CLSA on Friday, September 30. Cowen & Co maintained Trinity Industries Inc (NYSE:TRN) rating on Friday, February 12. Cowen & Co has “Outperform” rating and $31 price target. The stock of Trinity Industries Inc (NYSE:TRN) has “Hold” rating given on Friday, September 30 by Stifel Nicolaus. The company was downgraded on Monday, June 20 by Longbow. As per Monday, December 14, the company rating was initiated by Cowen & Co. The firm has “Buy” rating by Stifel Nicolaus given on Monday, February 22. Stifel Nicolaus downgraded Trinity Industries Inc (NYSE:TRN) on Tuesday, April 19 to “Hold” rating. As per Monday, February 22, the company rating was maintained by Cowen & Co. The firm has “Underweight” rating given on Friday, February 19 by BB&T Capital.

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 2016 Q2. 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.
Caisse De Depot Et Placement Du Quebec, a Quebec – Canada-based fund reported 264,000 shares. Tiaa Cref Mngmt accumulated 185,027 shares or 0% of the stock. Us Commercial Bank De has 44,332 shares for 0% of their US portfolio. Rocky Mountain Advisers Limited Liability Corporation holds 2,000 shares or 0.2% of its portfolio. Virginia Retirement Et Al holds 0% of its portfolio in Trinity Industries Inc (NYSE:TRN) for 10,800 shares. Moreover, Kcg Hldgs has 0.01% invested in Trinity Industries Inc (NYSE:TRN) for 19,097 shares. Deutsche Bancorporation Ag holds 1.11 million shares or 0.01% of its portfolio. Perkins Coie Tru last reported 700 shares in the company. Bridges Inv Inc holds 0.04% of its portfolio in Trinity Industries Inc (NYSE:TRN) for 9,100 shares. Blackrock Advsr Ltd Liability holds 0% of its portfolio in Trinity Industries Inc (NYSE:TRN) for 83,084 shares. First Eagle Mgmt Ltd Llc last reported 0.01% of its portfolio in the stock. Quantitative Invest Ltd Llc has invested 0.03% of its portfolio in Trinity Industries Inc (NYSE:TRN). Southernsun Asset Mgmt Limited Liability Corp accumulated 8.34 million shares or 4.07% of the stock. Panagora Asset Mngmt Inc has 25,262 shares for 0% of their US portfolio. First Interstate Retail Bank has 936 shares for 0% of their US portfolio.

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

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.

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.

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