Trinity Industries (NYSE:TRN) Price Target Lowered to $31.00 at The Goldman Sachs Group

Trinity Industries (NYSE:TRN) had its target price reduced by research analysts at The Goldman Sachs Group from $36.00 to $31.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the transportation company’s stock. The Goldman Sachs Group’s price objective suggests a potential upside of 21.47% from the company’s current price.

Separately, Susquehanna raised their price target on shares of Trinity Industries from $34.00 to $35.00 and gave the stock a “neutral” rating in a report on Monday, March 3rd.

Trinity Industries Price Performance

TRN stock traded up $0.64 during mid-day trading on Thursday, reaching $25.52. The company’s stock had a trading volume of 231,319 shares, compared to its average volume of 595,787. The company has a current ratio of 1.80, a quick ratio of 1.08 and a debt-to-equity ratio of 4.35. The company’s 50 day moving average is $29.52 and its two-hundred day moving average is $34.04. Trinity Industries has a fifty-two week low of $23.50 and a fifty-two week high of $39.83. The stock has a market cap of $2.08 billion, a PE ratio of 15.57 and a beta of 1.49.

Trinity Industries (NYSE:TRN) last announced its quarterly earnings results on Thursday, February 20th. The transportation company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.01. Trinity Industries had a net margin of 4.49% and a return on equity of 11.78%. The firm had revenue of $629.40 million for the quarter, compared to analysts’ expectations of $589.30 million. Equities research analysts expect that Trinity Industries will post 1.65 EPS for the current year.

Insider Activity

In other Trinity Industries news, EVP Gregory B. Mitchell sold 9,286 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $31.02, for a total transaction of $288,051.72. Following the sale, the executive vice president now directly owns 111,879 shares in the company, valued at $3,470,486.58. This represents a 7.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Trinity Industries

Hedge funds have recently added to or reduced their stakes in the business. Wellington Shields Capital Management LLC acquired a new stake in shares of Trinity Industries in the fourth quarter valued at $35,000. Smartleaf Asset Management LLC raised its position in Trinity Industries by 87.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,532 shares of the transportation company’s stock valued at $54,000 after purchasing an additional 713 shares in the last quarter. Millstone Evans Group LLC acquired a new stake in Trinity Industries in the 4th quarter valued at about $54,000. Jones Financial Companies Lllp grew its position in shares of Trinity Industries by 15.3% during the fourth quarter. Jones Financial Companies Lllp now owns 2,997 shares of the transportation company’s stock worth $105,000 after buying an additional 398 shares in the last quarter. Finally, KBC Group NV increased its stake in shares of Trinity Industries by 71.6% during the fourth quarter. KBC Group NV now owns 3,952 shares of the transportation company’s stock worth $139,000 after buying an additional 1,649 shares during the period. 86.57% of the stock is currently owned by institutional investors and hedge funds.

About Trinity Industries

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.