Trinity Industries Inc (NYSE:TRN) Receives Average Rating of “Hold” from Brokerages

Shares of Trinity Industries Inc (NYSE:TRN) have earned an average recommendation of “Hold” from the twelve brokerages that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $26.00.

Several research analysts recently commented on the company. Zacks Investment Research cut Trinity Industries from a “buy” rating to a “hold” rating and set a $17.00 target price for the company. in a research note on Tuesday, June 4th. Stifel Nicolaus set a $33.00 target price on Trinity Industries and gave the stock a “buy” rating in a research note on Friday, April 26th. ValuEngine raised Trinity Industries from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 1st. Finally, Buckingham Research set a $22.00 price objective on Trinity Industries and gave the stock a “hold” rating in a research report on Friday, July 26th.

TRN traded down $0.83 on Friday, hitting $16.28. 1,125,236 shares of the company were exchanged, compared to its average volume of 1,579,816. Trinity Industries has a twelve month low of $16.14 and a twelve month high of $39.35. The company has a market cap of $2.21 billion, a price-to-earnings ratio of 20.35, a price-to-earnings-growth ratio of 1.26 and a beta of 1.98. The company has a current ratio of 1.91, a quick ratio of 0.84 and a debt-to-equity ratio of 1.82. The firm has a 50-day moving average price of $18.95 and a two-hundred day moving average price of $21.23.

Trinity Industries (NYSE:TRN) last released its earnings results on Wednesday, July 24th. The transportation company reported $0.29 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.02). Trinity Industries had a return on equity of 5.40% and a net margin of 4.06%. The company had revenue of $736.00 million for the quarter, compared to analyst estimates of $796.00 million. During the same period in the previous year, the firm earned $0.43 earnings per share. The company’s revenue for the quarter was up 16.1% compared to the same quarter last year. Equities analysts expect that Trinity Industries will post 1.35 EPS for the current year.

In other news, Director Brandon B. Boze bought 250,000 shares of Trinity Industries stock in a transaction dated Monday, July 29th. The stock was acquired at an average cost of $18.81 per share, with a total value of $4,702,500.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Brandon B. Boze bought 108,796 shares of Trinity Industries stock in a transaction dated Wednesday, July 31st. The stock was purchased at an average cost of $19.84 per share, with a total value of $2,158,512.64. The disclosure for this purchase can be found here. Corporate insiders own 18.50% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Commonwealth Equity Services LLC grew its holdings in shares of Trinity Industries by 17.2% in the 2nd quarter. Commonwealth Equity Services LLC now owns 37,187 shares of the transportation company’s stock worth $771,000 after acquiring an additional 5,460 shares during the period. Steward Partners Investment Advisory LLC grew its holdings in shares of Trinity Industries by 14.9% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 33,968 shares of the transportation company’s stock worth $738,000 after acquiring an additional 4,400 shares during the period. Strs Ohio grew its holdings in shares of Trinity Industries by 12.8% in the 1st quarter. Strs Ohio now owns 15,117 shares of the transportation company’s stock worth $328,000 after acquiring an additional 1,717 shares during the period. Laurion Capital Management LP acquired a new stake in shares of Trinity Industries in the 1st quarter worth approximately $1,892,000. Finally, Zuckerman Investment Group LLC grew its holdings in shares of Trinity Industries by 0.3% in the 1st quarter. Zuckerman Investment Group LLC now owns 644,745 shares of the transportation company’s stock worth $14,010,000 after acquiring an additional 1,791 shares during the period. 85.83% of the stock is owned by hedge funds and other institutional investors.

Trinity Industries Company Profile

Trinity Industries, Inc provides rail transportation products and services in North America. It operates through three segments: Railcar Leasing and Management Services Group, Rail Products Group, and All Other. The Railcar Leasing and Management Services Group segment leases freight and tank railcars; originates and manages railcar leases for third-party investor-owned fund; and provides fleet maintenance and management services to industrial shippers.

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Analyst Recommendations for Trinity Industries (NYSE:TRN)

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