Susquehanna Lowers Trinity Industries (NYSE:TRN) Price Target to $34.00

Trinity Industries (NYSE:TRN) had its price objective dropped by analysts at Susquehanna from $35.00 to $34.00 in a research report issued on Friday,Benzinga reports. The firm presently has a “neutral” rating on the transportation company’s stock. Susquehanna’s price objective suggests a potential downside of 0.96% from the company’s current price.

Other equities analysts have also issued research reports about the stock. The Goldman Sachs Group reissued a “neutral” rating and issued a $36.00 price target on shares of Trinity Industries in a report on Thursday, April 30th. Weiss Ratings raised Trinity Industries from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Finally, Wall Street Zen cut shares of Trinity Industries from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $35.00.

Trinity Industries Stock Performance

Trinity Industries stock opened at $34.33 on Friday. The firm’s 50 day simple moving average is $34.72 and its 200 day simple moving average is $32.95. The company has a current ratio of 1.87, a quick ratio of 0.94 and a debt-to-equity ratio of 4.70. Trinity Industries has a 1-year low of $22.38 and a 1-year high of $38.31. The firm has a market capitalization of $2.73 billion, a PE ratio of 11.00 and a beta of 1.36.

Trinity Industries (NYSE:TRN) last issued its quarterly earnings data on Thursday, April 30th. The transportation company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.04. Trinity Industries had a return on equity of 21.86% and a net margin of 12.37%.The company had revenue of $492.00 million for the quarter, compared to the consensus estimate of $538.87 million. During the same quarter last year, the business posted $0.29 earnings per share. The firm’s revenue was down 16.0% compared to the same quarter last year. As a group, analysts expect that Trinity Industries will post 2.3 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Trinity Industries

Institutional investors and hedge funds have recently bought and sold shares of the business. UBS Group AG grew its position in shares of Trinity Industries by 92.3% in the 4th quarter. UBS Group AG now owns 455,201 shares of the transportation company’s stock worth $12,036,000 after buying an additional 218,437 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Trinity Industries by 1.7% during the first quarter. Dimensional Fund Advisors LP now owns 4,801,236 shares of the transportation company’s stock valued at $154,500,000 after acquiring an additional 81,263 shares in the last quarter. Hsbc Holdings PLC bought a new position in shares of Trinity Industries during the first quarter valued at approximately $1,657,000. Capital International Investors lifted its stake in Trinity Industries by 65.1% in the fourth quarter. Capital International Investors now owns 8,927,843 shares of the transportation company’s stock worth $236,251,000 after acquiring an additional 3,518,796 shares during the period. Finally, Stephens Inc. AR lifted its stake in Trinity Industries by 13.6% in the fourth quarter. Stephens Inc. AR now owns 140,638 shares of the transportation company’s stock worth $3,718,000 after acquiring an additional 16,868 shares during the period. Hedge funds and other institutional investors own 86.57% of the company’s stock.

About Trinity Industries

Trinity Industries, Inc is a diversified industrial company headquartered in Dallas, Texas, with roots dating back to its incorporation in 1933. The company principally serves the transportation, infrastructure and energy sectors through the design, manufacture and leasing of railcars and related components. Trinity operates multiple business segments that encompass railcar manufacturing, aftermarket parts production, railcar leasing and management, inland barge construction and leasing, as well as infrastructure products for highways and energy applications.

In its railcar segment, Trinity produces a broad portfolio of freight cars—including tank cars, covered hoppers, gondolas and autoracks—alongside critical system components such as braking systems, couplers and wheels.