Trinity Industries (NYSE:TRN) PT Raised to $34.00

Trinity Industries (NYSE:TRN) had its price objective raised by stock analysts at Susquehanna from $30.00 to $34.00 in a research note issued on Thursday, Benzinga reports. The firm presently has a “positive” rating on the transportation company’s stock. Susquehanna’s price target indicates a potential upside of 11.70% from the company’s current price.

Separately, TD Cowen boosted their target price on Trinity Industries from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Thursday. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $31.00.

Trinity Industries Price Performance

Shares of Trinity Industries stock traded up $0.39 during trading on Thursday, reaching $30.44. The company’s stock had a trading volume of 628,976 shares, compared to its average volume of 628,005. The company has a quick ratio of 0.78, a current ratio of 1.88 and a debt-to-equity ratio of 4.55. Trinity Industries has a 12-month low of $20.04 and a 12-month high of $30.65. The company has a market capitalization of $2.49 billion, a P/E ratio of 20.43 and a beta of 1.39. The business has a 50 day moving average price of $26.67 and a 200-day moving average price of $25.57.

Trinity Industries (NYSE:TRN) last posted its quarterly earnings results on Wednesday, May 1st. The transportation company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.07. Trinity Industries had a return on equity of 10.93% and a net margin of 3.98%. The firm had revenue of $809.60 million for the quarter, compared to the consensus estimate of $750.97 million. During the same period in the previous year, the business earned $0.07 earnings per share. The company’s revenue for the quarter was up 26.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Trinity Industries will post 1.46 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Eric R. Marchetto sold 9,781 shares of the business’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $28.00, for a total value of $273,868.00. Following the completion of the transaction, the chief financial officer now directly owns 233,704 shares of the company’s stock, valued at $6,543,712. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Trinity Industries

A number of institutional investors have recently made changes to their positions in TRN. Vanguard Group Inc. increased its stake in shares of Trinity Industries by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 9,677,808 shares of the transportation company’s stock valued at $257,333,000 after acquiring an additional 83,769 shares during the last quarter. Capital International Investors grew its stake in shares of Trinity Industries by 0.3% during the 4th quarter. Capital International Investors now owns 8,645,840 shares of the transportation company’s stock valued at $230,009,000 after buying an additional 23,720 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Trinity Industries by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,058,174 shares of the transportation company’s stock worth $161,088,000 after buying an additional 47,668 shares during the last quarter. Jennison Associates LLC raised its position in shares of Trinity Industries by 3.2% in the 3rd quarter. Jennison Associates LLC now owns 4,720,106 shares of the transportation company’s stock worth $114,935,000 after buying an additional 146,341 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Trinity Industries by 7.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,263,458 shares of the transportation company’s stock worth $33,595,000 after buying an additional 82,256 shares during the period. 86.57% of the stock is owned by institutional investors and hedge funds.

About Trinity Industries

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.