Credit Agricole SA Initiates Coverage on Trinity Industries Inc. (TRN)
Equities researchers at Credit Agricole SA began coverage on shares of Trinity Industries Inc. (NYSE:TRN) in a note issued to investors on Friday. The firm set an “underperform” rating on the stock.
TRN has been the subject of several other research reports. Wells Fargo & Co. reissued a “hold” rating and issued a $22.00 target price on shares of Trinity Industries in a research report on Monday, September 19th. Zacks Investment Research lowered Trinity Industries from a “hold” rating to a “sell” rating in a research report on Tuesday. TheStreet raised Trinity Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, July 27th. Longbow Research lowered Trinity Industries from a “buy” rating to a “neutral” rating in a research report on Monday, June 20th. Finally, Susquehanna lowered Trinity Industries from a “positive” rating to a “neutral” rating and increased their target price for the stock from $23.00 to $24.00 in a research report on Monday, July 25th. Five research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. Trinity Industries has a consensus rating of “Hold” and an average target price of €19.29 ($21.43).
Shares of Trinity Industries (NYSE:TRN) opened at 24.02 on Friday. Trinity Industries has a one year low of $14.94 and a one year high of $30.38. The company has a market capitalization of $3.66 billion, a price-to-earnings ratio of 6.21 and a beta of 2.24. The company’s 50-day moving average price is $24.07 and its 200-day moving average price is $20.41.
Trinity Industries (NYSE:TRN) last released its quarterly earnings results on Thursday, July 21st. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.14. The business earned $1.18 billion during the quarter, compared to analyst estimates of $1.18 billion. Trinity Industries had a return on equity of 14.62% and a net margin of 10.91%. During the same quarter in the prior year, the company posted $1.33 EPS. On average, equities research analysts predict that Trinity Industries will post $2.20 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Friday, October 14th will be paid a dividend of $0.01 per share. The ex-dividend date is Wednesday, October 12th. This represents a $0.04 annualized dividend and a yield of 0.17%. Trinity Industries’s dividend payout ratio is 11.37%.
A number of hedge funds have recently modified their holdings of TRN. ValueAct Holdings L.P. acquired a new stake in shares of Trinity Industries during the second quarter valued at approximately $111,420,000. D.C. Capital Advisors Ltd increased its stake in shares of Trinity Industries by 1,900.0% in the second quarter. D.C. Capital Advisors Ltd now owns 5,000,000 shares of the company’s stock valued at $9,285,000 after buying an additional 4,750,000 shares in the last quarter. Societe Generale acquired a new stake in shares of Trinity Industries during the second quarter valued at approximately $15,182,000. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Trinity Industries during the first quarter valued at approximately $12,908,000. Finally, SG Americas Securities LLC increased its stake in shares of Trinity Industries by 362.6% in the second quarter. SG Americas Securities LLC now owns 817,560 shares of the company’s stock valued at $15,182,000 after buying an additional 640,814 shares in the last quarter. Institutional investors and hedge funds own 75.10% of the company’s stock.
About Trinity Industries
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.