Time to Reconsider Trinity Industries Inc (NYSE:TRN) After Less Short Sellers?

October 13, 2018 - By Clifton Ray

Trinity Industries, Inc. (NYSE:TRN) Logo

Investors sentiment decreased to 0.81 in 2018 Q2. Its down 0.16, from 0.97 in 2018Q1. It is negative, as 27 investors sold Trinity Industries, Inc. shares while 133 reduced holdings. 48 funds opened positions while 81 raised stakes. 121.57 million shares or 6.34% less from 129.79 million shares in 2018Q1 were reported.
Highbridge Cap Management Ltd invested 0.04% in Trinity Industries, Inc. (NYSE:TRN). Shufro Rose And Commerce Ltd Llc reported 20,100 shares or 0.07% of all its holdings. Ubs Asset Americas has 143,051 shares for 0% of their portfolio. Stone Ridge Asset Ltd owns 8,763 shares or 0.02% of their US portfolio. Moreover, Hightower Advsrs Ltd Llc has 0.01% invested in Trinity Industries, Inc. (NYSE:TRN) for 39,923 shares. Proshare Ltd Liability Corp has invested 0% in Trinity Industries, Inc. (NYSE:TRN). Trexquant Invest Limited Partnership holds 30,734 shares. Jennison Assocs Ltd Liability reported 1.51 million shares. Ameriprise accumulated 488,677 shares. Vident Inv Advisory Limited Liability Com holds 0.13% or 97,222 shares. Ing Groep Nv reported 0.01% stake. 21.41 million were reported by Valueact Hldgs Limited Partnership. Thrivent Fin For Lutherans holds 34,015 shares or 0% of its portfolio. Wells Fargo & Mn, California-based fund reported 372,429 shares. Victory Cap Mgmt accumulated 0.01% or 85,008 shares.

The stock of Trinity Industries Inc (NYSE:TRN) registered a decrease of 9.64% in short interest. TRN’s total short interest was 4.78M shares in October as published by FINRA. Its down 9.64% from 5.29M shares, reported previously. With 973,000 shares average volume, it will take short sellers 5 days to cover their TRN’s short positions. The short interest to Trinity Industries Inc’s float is 3.87%.

The stock decreased 0.83% or $0.3 during the last trading session, reaching $35.96. About 2.09M shares traded or 59.28% up from the average. Trinity Industries, Inc. (NYSE:TRN) has risen 21.10% since October 13, 2017 and is uptrending. It has outperformed by 5.48% the S&P500.

Trinity Industries, Inc. provides various services and products to the energy, chemical, agriculture, transportation, and construction sectors in the United States and internationally. The company has market cap of $5.31 billion. The Company’s Rail Group segment offers railcars, including autorack, box, covered hopper, gondola, intermodal, tank, and open hopper cars; and tank cars, as well as railcar maintenance services. It has a 7.85 P/E ratio. This segment serves railroads, leasing companies, and industrial shippers of various products.

Trinity Industries, Inc. (NYSE:TRN) Ratings Coverage

Among 4 analysts covering Trinity Industries (NYSE:TRN), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Trinity Industries had 7 analyst reports since April 30, 2018 according to SRatingsIntel. The rating was maintained by Stifel Nicolaus on Friday, October 5 with “Buy”. Vertical Group upgraded the shares of TRN in report on Thursday, September 20 to “Hold” rating. The firm has “Buy” rating by Buckingham Research given on Friday, July 27. The firm earned “Buy” rating on Friday, July 27 by Stifel Nicolaus. Buckingham Research maintained the stock with “Buy” rating in Friday, October 5 report. The stock has “Buy” rating by Stifel Nicolaus on Monday, April 30.

Trinity Industries, Inc. (NYSE:TRN) Institutional Positions Chart

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