Trinity Industries, Inc. $TRN Shares Acquired by Everstar Asset Management LLC

Everstar Asset Management LLC grew its stake in Trinity Industries, Inc. (NYSE:TRN) by 79.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,519 shares of the transportation company’s stock after buying an additional 12,644 shares during the period. Everstar Asset Management LLC’s holdings in Trinity Industries were worth $770,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in TRN. Strs Ohio acquired a new position in shares of Trinity Industries in the 1st quarter valued at $25,000. Parkside Financial Bank & Trust grew its stake in Trinity Industries by 129.5% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,058 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 597 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Trinity Industries by 75.4% in the second quarter. GAMMA Investing LLC now owns 1,114 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 479 shares during the period. Headlands Technologies LLC raised its stake in shares of Trinity Industries by 3,418.2% in the first quarter. Headlands Technologies LLC now owns 1,548 shares of the transportation company’s stock worth $43,000 after purchasing an additional 1,504 shares during the last quarter. Finally, Trust Co. of Toledo NA OH acquired a new stake in shares of Trinity Industries during the second quarter worth about $43,000. 86.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on TRN. Wall Street Zen upgraded shares of Trinity Industries from a “sell” rating to a “hold” rating in a report on Saturday, August 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Trinity Industries in a research note on Wednesday, November 19th. The Goldman Sachs Group set a $31.00 target price on shares of Trinity Industries and gave the stock a “neutral” rating in a report on Friday, October 31st. Finally, Susquehanna reaffirmed a “neutral” rating and issued a $23.00 price target on shares of Trinity Industries in a report on Friday, October 31st. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $27.00.

Trinity Industries Price Performance

NYSE:TRN opened at $26.52 on Monday. The company has a debt-to-equity ratio of 4.66, a current ratio of 1.96 and a quick ratio of 1.01. The company has a 50 day moving average price of $27.05 and a 200-day moving average price of $27.06. Trinity Industries, Inc. has a 1-year low of $22.38 and a 1-year high of $39.83. The firm has a market cap of $2.13 billion, a price-to-earnings ratio of 23.26 and a beta of 1.52.

Trinity Industries (NYSE:TRN) last announced its quarterly earnings results on Thursday, October 30th. The transportation company reported $0.38 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.38. The firm had revenue of $454.10 million for the quarter, compared to the consensus estimate of $532.66 million. Trinity Industries had a net margin of 3.83% and a return on equity of 8.49%. The firm’s quarterly revenue was down 43.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.43 earnings per share. Trinity Industries has set its FY 2025 guidance at 1.550-1.70 EPS. Equities research analysts forecast that Trinity Industries, Inc. will post 1.65 EPS for the current year.

Trinity Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th were given a dividend of $0.30 per share. The ex-dividend date was Wednesday, October 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.5%. Trinity Industries’s dividend payout ratio (DPR) is 105.26%.

Trinity Industries Company Profile

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.