Trinity Industries (NYSE:TRN) Downgraded to Sell Rating by Wall Street Zen

Wall Street Zen downgraded shares of Trinity Industries (NYSE:TRN) from a hold rating to a sell rating in a research report released on Saturday.

TRN has been the topic of a number of other reports. The Goldman Sachs Group cut their price target on shares of Trinity Industries from $36.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday, April 17th. Susquehanna cut their price target on shares of Trinity Industries from $26.00 to $24.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 29th.

Trinity Industries Stock Up 1.8%

Shares of TRN opened at $24.59 on Friday. The firm has a market cap of $1.99 billion, a P/E ratio of 21.57 and a beta of 1.49. Trinity Industries has a 12-month low of $22.38 and a 12-month high of $39.83. The company’s 50-day moving average price is $26.50 and its 200 day moving average price is $28.56. The company has a current ratio of 1.96, a quick ratio of 1.01 and a debt-to-equity ratio of 4.66.

Trinity Industries (NYSE:TRN) last issued its quarterly earnings data on Thursday, July 31st. The transportation company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.12). The company had revenue of $506.20 million during the quarter, compared to analysts’ expectations of $589.96 million. Trinity Industries had a net margin of 3.83% and a return on equity of 8.49%. The firm’s quarterly revenue was down 39.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.66 earnings per share. On average, sell-side analysts forecast that Trinity Industries will post 1.65 earnings per share for the current year.

Trinity Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th were paid a dividend of $0.30 per share. The ex-dividend date was Tuesday, July 15th. This represents a $1.20 dividend on an annualized basis and a yield of 4.9%. Trinity Industries’s dividend payout ratio is 105.26%.

Institutional Trading of Trinity Industries

A number of institutional investors and hedge funds have recently bought and sold shares of TRN. Strs Ohio acquired a new position in shares of Trinity Industries during the first quarter worth about $25,000. GAMMA Investing LLC boosted its holdings in Trinity Industries by 75.4% in the second quarter. GAMMA Investing LLC now owns 1,114 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 479 shares in the last quarter. Headlands Technologies LLC boosted its holdings in Trinity Industries by 3,418.2% in the first quarter. Headlands Technologies LLC now owns 1,548 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 1,504 shares in the last quarter. Trust Co. of Toledo NA OH acquired a new position in Trinity Industries in the second quarter valued at approximately $43,000. Finally, Russell Investments Group Ltd. boosted its holdings in Trinity Industries by 97.4% in the first quarter. Russell Investments Group Ltd. now owns 3,604 shares of the transportation company’s stock valued at $101,000 after purchasing an additional 1,778 shares in the last quarter. 86.57% of the stock is currently owned by hedge funds and other institutional investors.

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.