What Do Hedge Funds Think of Trinity Industries, Inc. (TRN)?

Judging by the fact that Trinity Industries, Inc. (NYSE:TRN) has faced bearish sentiment from the entirety of the hedge funds we track, it’s safe to say that there was a specific group of funds that elected to cut their entire stakes last quarter. Intriguingly, Curtis Macnguyen’s Ivory Capital (Investment Mgmt) dropped the largest position of the 700 funds monitored by Insider Monkey, valued at close to $10.3 million in stock. Israel Englander’s fund, Millennium Management, also said goodbye to its stock, about $8.7 million worth. These transactions are important to note, as aggregate hedge fund interest was cut by 3 funds last quarter.

Let’s also examine hedge fund activity in other stocks – not necessarily in the same industry as Trinity Industries, Inc. (NYSE:TRN) but similarly valued. We will take a look at Intrexon Corp (NYSE:XON), NuStar Energy L.P. (NYSE:NS), Thoratec Corporation (NASDAQ:THOR), and Allied World Assurance Co Holdings, AG. (NYSE:AWH). This group of stocks’ market valuations are closest to TRN’s market valuation.

As you can see these stocks had an average of 21.75 hedge funds with bullish positions and the average amount invested in these stocks was $273 million. That figure was $210 million in TRN’s case. Thoratec Corporation (NASDAQ:THOR) is the most popular stock in this table. On the other hand NuStar Energy L.P. (NYSE:NS) is the least popular one with only 11 bullish hedge fund positions. Trinity Industries, Inc. (NYSE:TRN) is not the most popular stock in this group but hedge fund interest is still above average. This is a slightly positive signal but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard THOR might be a better candidate to consider a long position.