Trinity Industries, Inc. (TRN) Downgraded by ValuEngine to Hold
ValuEngine lowered shares of Trinity Industries, Inc. (NYSE:TRN) from a buy rating to a hold rating in a research report released on Monday.
Several other analysts have also recently issued reports on TRN. TheStreet upgraded Trinity Industries from a c rating to a b- rating in a research note on Monday, August 14th. Buckingham Research started coverage on Trinity Industries in a report on Wednesday, June 21st. They issued a buy rating and a $32.00 target price for the company. BidaskClub raised Trinity Industries from a hold rating to a buy rating in a research note on Saturday, July 1st. Stifel Nicolaus raised Trinity Industries from a hold rating to a buy rating and boosted their target price for the stock from $29.00 to $31.00 in a research note on Thursday, July 27th. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded Trinity Industries from a hold rating to a buy rating and set a $32.00 price target on the stock in a report on Thursday, August 17th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of $33.00.
Shares of Trinity Industries (NYSE TRN) opened at 35.31 on Monday. The firm’s 50-day moving average price is $29.52 and its 200-day moving average price is $27.62. Trinity Industries has a 12-month low of $20.80 and a 12-month high of $35.97. The stock has a market cap of $5.34 billion, a price-to-earnings ratio of 21.70 and a beta of 2.19.
Trinity Industries (NYSE:TRN) last issued its quarterly earnings results on Tuesday, July 25th. The transportation company reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.02. Trinity Industries had a net margin of 6.20% and a return on equity of 5.75%. The company had revenue of $905.50 million during the quarter, compared to analysts’ expectations of $947.40 million. During the same quarter last year, the company posted $0.62 EPS. The firm’s revenue was down 23.6% compared to the same quarter last year. On average, analysts forecast that Trinity Industries will post $1.23 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Friday, October 13th will be given a dividend of $0.13 per share. The ex-dividend date is Thursday, October 12th. This represents a $0.52 annualized dividend and a dividend yield of 1.47%. Trinity Industries’s dividend payout ratio (DPR) is currently 32.10%.
In other Trinity Industries news, major shareholder Valueact Capital Master Fund, purchased 54,055 shares of the business’s stock in a transaction on Friday, September 8th. The shares were bought at an average cost of $28.46 per share, for a total transaction of $1,538,405.30. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Holdings L.P. Valueact purchased 100,000 shares of the business’s stock in a transaction on Wednesday, August 2nd. The stock was acquired at an average price of $27.38 per share, for a total transaction of $2,738,000.00. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 1,709,624 shares of company stock valued at $48,298,143. Insiders own 2.00% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the business. UBS Asset Management Americas Inc. boosted its position in shares of Trinity Industries by 7.2% during the 1st quarter. UBS Asset Management Americas Inc. now owns 122,677 shares of the transportation company’s stock worth $3,257,000 after acquiring an additional 8,247 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Trinity Industries by 0.4% in the 1st quarter. Ameriprise Financial Inc. now owns 486,967 shares of the transportation company’s stock valued at $12,929,000 after acquiring an additional 2,167 shares during the last quarter. Nordea Investment Management AB raised its position in shares of Trinity Industries by 19.9% during the 1st quarter. Nordea Investment Management AB now owns 56,630 shares of the transportation company’s stock worth $1,504,000 after acquiring an additional 9,395 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Trinity Industries during the 1st quarter worth about $363,000. Finally, OppenheimerFunds Inc. raised its position in shares of Trinity Industries by 16.8% during the 1st quarter. OppenheimerFunds Inc. now owns 43,537 shares of the transportation company’s stock worth $1,156,000 after acquiring an additional 6,256 shares in the last quarter. 80.82% of the stock is owned by institutional investors.
About Trinity Industries
Trinity Industries, Inc is a diversified industrial company that owns businesses providing products and services to the energy, chemical, agriculture, transportation 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; construction aggregates; inland barges; structural wind towers; steel utility structures; storage and distribution containers, and trench shields and shoring products.
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