Monday, November 20, 2017 10:15 PM ET
Trinity Industries (TRN) Insider Makes Significant Share purchase Extending the Buying Trend over Last Quarter
An insider — ValueAct Holdings Lp, 10% Owner — purchased 42,970 shares of Trinity Industries having a market value of approximately $1,418,010 today, as disclosed in a form 4 document filed with the SEC. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the purchase of 1,980,333 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net purchases of 2,023,303 shares and have averaged 1,011,652 shares per transaction over this time period.
Trinity Industries insider trading represents a higher number of buy/sell trades than for the 23 peer company average over the last 90-day period. The Industrial Conglomerates peer group saw 26 buy/sell trades during this period for an average of 1.1 transactions per company. The number of shares per buy/sell trade for Trinity Industries insiders was also higher. Within the peer group there were 2,167,276 shares purchased and 57,736 shares sold with company insiders acquiring 131,846 shares on average.
The data sourced in evaluating and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.
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