Zacks Investment Research Downgrades Trinity Industries Inc. (TRN) to Sell
Trinity Industries Inc. (NYSE:TRN) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.
According to Zacks, “Trinity Industries, Inc. is engaged in the manufacture, marketing, and leasing of a wide variety of products consisting of the following business segments or groups: Railcar Group, Inland Barge Group, Parts and Services Group, Highway Construction Product Group, Concrete & Aggregate Group, Industrial Group, and others. Others includes transportation services, the company’s captive insurance company, and other peripheral businesses. “
Several other brokerages also recently issued reports on TRN. Susquehanna downgraded Trinity Industries from a “positive” rating to a “neutral” rating and boosted their price objective for the stock from $23.00 to $24.00 in a research report on Monday, July 25th. Wells Fargo & Co. reiterated a “hold” rating on shares of Trinity Industries in a research report on Wednesday, June 22nd. Longbow Research downgraded Trinity Industries from a “buy” rating to a “neutral” rating in a research report on Monday, June 20th. Cowen and Company upped their target price on Trinity Industries from $22.00 to $24.00 and gave the stock an “outperform” rating in a research report on Monday, July 25th. Finally, TheStreet upgraded Trinity Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, July 27th. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of €19.29 ($21.43).
Shares of Trinity Industries (NYSE:TRN) opened at 24.30 on Tuesday. The firm has a market cap of $3.70 billion, a PE ratio of 6.28 and a beta of 2.24. Trinity Industries has a 12-month low of $14.94 and a 12-month high of $30.38. The stock’s 50 day moving average price is $24.05 and its 200 day moving average price is $20.39.
Trinity Industries (NYSE:TRN) last issued its quarterly earnings data on Thursday, July 21st. The company reported $0.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.14. The business earned $1.18 billion during the quarter, compared to the consensus estimate of $1.18 billion. Trinity Industries had a return on equity of 14.62% and a net margin of 10.91%. During the same period in the previous year, the firm posted $1.33 earnings per share. On average, equities research analysts predict that Trinity Industries will post $2.20 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Friday, October 14th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Wednesday, October 12th. This represents a $0.04 annualized dividend and a dividend yield of 0.16%. Trinity Industries’s dividend payout ratio is currently 11.37%.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Scotia Capital Inc. boosted its position in Trinity Industries by 19.7% in the first quarter. Scotia Capital Inc. now owns 37,496 shares of the company’s stock valued at $687,000 after buying an additional 6,172 shares in the last quarter. Meeder Asset Management Inc. bought a new position in Trinity Industries during the first quarter valued at about $195,000. State Street Corp boosted its position in Trinity Industries by 1.7% in the first quarter. State Street Corp now owns 4,002,036 shares of the company’s stock valued at $73,280,000 after buying an additional 68,123 shares in the last quarter. BB&T Securities LLC boosted its position in Trinity Industries by 2.1% in the first quarter. BB&T Securities LLC now owns 83,364 shares of the company’s stock valued at $1,526,000 after buying an additional 1,691 shares in the last quarter. Finally, Huntington Asset Advisors Inc. bought a new position in Trinity Industries during the first quarter valued at about $540,000. 75.10% of the stock is currently owned by institutional investors.
Trinity Industries Company Profile
Trinity Industries, Inc is a diversified industrial company that owns a range of businesses providing products and services to the energy, transportation, chemical 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; aggregates; inland barges; structural wind towers; steel utility structures; storage and distribution containers, and trench shields and shoring products.
Receive News & Stock Ratings for Trinity Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trinity Industries Inc. and related stocks with our FREE daily email newsletter.