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Trinity Industries Inc (TRN): ValueAct Capital Adds to Its Position

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According to a freshly-amended 13D filing with the US Securities and Exchange Commission, Jeffrey Ubben‘s ValueAct Capital has increased its stake in Trinity Industries Inc (NYSE:TRN), and currently it holds 12.02 million shares, which represent 7.9% of the float. The fund’s stake was increased from 10.4 million shares previously held, which accounted for 6.8% of the outstanding stock, as per the last 13D filing on the company in July.

Trinity Industries is an industrial company that runs a variety of businesses offering its professional services and high-quality products to different sectors, such as transportation, energy, construction, and chemical. Year-to-date, the company’s stock is down by 0.92%. For the second quarter of 2016, Trinity Industries disclosed diluted earnings per share of $0.62 and revenue of $1.18 billion, compared to earnings per share of $1.33 and revenue of $1.68 billion for the corresponding quarter in 2015. Recently, Wells Fargo & Co. reiterated its ‘Hold’ rating on Trinity Industries’ stock with a price target of $22.

Thanapun/Shutterstock.com

Thanapun/Shutterstock.com

The number of hedge funds from Insider Monkey’s database long Trinity Industries Inc (NYSE:TRN) hasn’t changed recently, and at the end of June, there were 22 investors bullish on this stock. Among them were Ric Dillon’s Diamond Hill Capital, which held a position worth around $29.05 million, Chuck Royce’s Royce & Associates with a position valued at $12.8 million, Mario Gabelli’s GAMCO Investors, Ray Carroll’s Breton Hill Capital, and Andrew Feldstein And Stephen Siderow’s Blue Mountain Capital.

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You can access the original SEC filing by clicking here.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
S.S. OR 0 0 12,021,000 12,021,000 7.9%
S.S. OR 0 0 12,021,000 12,021,000 7.9%
S.S. OR 0 0 12,021,000 12,021,000 7.9%
S.S. OR 0 0 12,021,000 12,021,000 7.9%
S.S. OR 0 0 12,021,000 12,021,000 7.9%
S.S. OR 0 0 12,021,000 12,021,000 7.9%

Page 1 of 13 – SEC Filing

=============================================================================
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities and Exchange Act of 1934

(Amendment No. 1)

Trinity Industries, Inc.
————————————————
(Name of Issuer)

Common Stock
————————————————
(Title of Class of Securities)

896522109
————————————————
(CUSIP Number)

Allison Bennington, Esq.
ValueAct Capital
One Letterman Drive, Building D, Fourth Floor
San Francisco, CA 94129
(415) 362-3700
————————————————
(Name, address and telephone number of Person
Authorized to Receive Notices and Communications)

Allison Bennington, Esq.
ValueAct Capital
One Letterman Drive, Building D, Fourth Floor
San Francisco, CA 94129
(415) 362-3700

September 13, 2016
————————————————
(Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box [ ].

Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 240.13d-7 for other
parties to whom copies are to be sent.

*The remainder of this cover page shall be filled out for a reporting person’s
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.

This information required on the remainder of this cover page shall not be
deemed to be “filed” for the purpose of Section 18 of the Securities Exchange
Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
=============================================================================

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