Trinity Industries (NYSE:TRN) Rating Lowered to Hold at StockNews.com

Trinity Industries (NYSE:TRN) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Monday.

Separately, Susquehanna downgraded shares of Trinity Industries from a “positive” rating to a “neutral” rating and lifted their price target for the company from $34.00 to $35.00 in a research report on Monday, October 21st.

Trinity Industries Stock Up 1.3 %

Shares of TRN stock traded up $0.43 on Monday, hitting $33.01. The company’s stock had a trading volume of 370,663 shares, compared to its average volume of 546,070. The stock has a market capitalization of $2.72 billion, a price-to-earnings ratio of 16.10 and a beta of 1.39. Trinity Industries has a fifty-two week low of $22.92 and a fifty-two week high of $37.04. The company has a debt-to-equity ratio of 4.39, a current ratio of 2.00 and a quick ratio of 0.98. The firm’s fifty day moving average price is $33.78 and its 200-day moving average price is $31.73.

Trinity Industries (NYSE:TRN) last announced its quarterly earnings data on Thursday, October 31st. The transportation company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.05. The firm had revenue of $798.80 million for the quarter, compared to analyst estimates of $696.00 million. Trinity Industries had a return on equity of 14.57% and a net margin of 5.31%. The business’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period last year, the company earned $0.26 EPS. Research analysts anticipate that Trinity Industries will post 1.65 EPS for the current year.

Institutional Trading of Trinity Industries

A number of institutional investors have recently made changes to their positions in TRN. BNP Paribas Financial Markets increased its holdings in shares of Trinity Industries by 43.0% during the first quarter. BNP Paribas Financial Markets now owns 44,125 shares of the transportation company’s stock valued at $1,229,000 after acquiring an additional 13,267 shares in the last quarter. Capstone Investment Advisors LLC purchased a new position in shares of Trinity Industries during the first quarter valued at approximately $330,000. Choreo LLC purchased a new position in Trinity Industries during the 1st quarter valued at $201,000. Texas Permanent School Fund Corp lifted its holdings in shares of Trinity Industries by 0.8% in the 1st quarter. Texas Permanent School Fund Corp now owns 70,243 shares of the transportation company’s stock worth $1,956,000 after buying an additional 574 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in shares of Trinity Industries in the 1st quarter worth $258,000. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Trinity Industries Company Profile

Trinity Industries, Inc provides rail transportation products and services under the TrinityRail name in North America. It operates in two segments, Railcar Leasing and Management Services Group, and Rail Products Group. The Railcar Leasing and Management Services Group segment leases freight and tank railcars; originates and manages railcar leases for third-party investors; and provides fleet maintenance and management services.