Trinity Industries, Inc. (NYSE:TRN) Rating Increased to Positive at UBS AG

Trinity Industries, Inc. (NYSE:TRN) was upgraded by research analysts at UBS AG from a “neutral” rating to a “positive” rating in a research report issued on Monday, November 6th, The Fly reports.

A number of other analysts have also recently issued reports on the stock. ValuEngine cut shares of Trinity Industries from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Stephens reiterated an “equal weight” rating and issued a $35.00 price objective (up previously from $29.00) on shares of Trinity Industries in a research note on Tuesday, October 3rd. Cowen Inc lifted their price objective on shares of Trinity Industries from $31.00 to $39.00 and gave the stock an “outperform” rating in a research note on Thursday, October 5th. Zacks Investment Research lowered shares of Trinity Industries from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $42.00 target price (up from $31.00) on shares of Trinity Industries in a report on Sunday, October 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $34.13.

Trinity Industries (NYSE TRN) traded up $0.01 during midday trading on Monday, reaching $34.04. The company’s stock had a trading volume of 238,517 shares, compared to its average volume of 1,350,000. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.70 and a quick ratio of 2.62. The firm has a market cap of $5,170.00, a PE ratio of 22.69, a price-to-earnings-growth ratio of 2.28 and a beta of 2.25. Trinity Industries has a 52 week low of $25.01 and a 52 week high of $35.97.

Trinity Industries (NYSE:TRN) last issued its quarterly earnings data on Wednesday, October 25th. The transportation company reported $0.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.11. Trinity Industries had a net margin of 5.97% and a return on equity of 5.32%. The firm had revenue of $973.60 million for the quarter, compared to analysts’ expectations of $951.60 million. During the same period in the prior year, the firm earned $0.55 earnings per share. The company’s quarterly revenue was down 12.4% compared to the same quarter last year. research analysts predict that Trinity Industries will post 1.49 earnings per share for the current year.

In other Trinity Industries news, major shareholder Holdings L.P. Valueact purchased 125,000 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was acquired at an average price of $32.89 per share, for a total transaction of $4,111,250.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Valueact Capital Master Fund, bought 54,055 shares of Trinity Industries stock in a transaction dated Friday, September 8th. The stock was purchased at an average price of $28.46 per share, with a total value of $1,538,405.30. The disclosure for this purchase can be found here. Insiders have purchased a total of 2,025,233 shares of company stock worth $63,835,434 in the last quarter. 2.00% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the company. Atlantic Trust Group LLC purchased a new stake in Trinity Industries in the second quarter valued at approximately $618,000. Creative Planning grew its position in Trinity Industries by 17.0% during the second quarter. Creative Planning now owns 20,344 shares of the transportation company’s stock valued at $570,000 after acquiring an additional 2,949 shares during the last quarter. TIAA CREF Investment Management LLC grew its position in Trinity Industries by 0.8% during the first quarter. TIAA CREF Investment Management LLC now owns 270,616 shares of the transportation company’s stock valued at $7,185,000 after acquiring an additional 2,232 shares during the last quarter. Harris Associates L P bought a new position in Trinity Industries during the second quarter valued at approximately $1,927,000. Finally, State Street Corp grew its position in Trinity Industries by 1.8% during the first quarter. State Street Corp now owns 4,070,436 shares of the transportation company’s stock valued at $108,071,000 after acquiring an additional 71,993 shares during the last quarter. 80.12% of the stock is currently owned by hedge funds and other institutional investors.

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Trinity Industries Company Profile

Trinity Industries, Inc is a diversified industrial company that owns businesses providing products and services to the energy, chemical, agriculture, transportation and construction sectors. The Company’s products and services include railcars and railcar parts; parts and steel components; the leasing, management and maintenance of railcars; highway products; construction aggregates; inland barges; structural wind towers; steel utility structures; storage and distribution containers, and trench shields and shoring products.

The Fly

Analyst Recommendations for Trinity Industries (NYSE:TRN)

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