SG Americas Securities LLC Increases Position in Trinity Industries, Inc. $TRN

SG Americas Securities LLC lifted its stake in Trinity Industries, Inc. (NYSE:TRN) by 238.5% in the 2nd quarter, Holdings Channel reports. The firm owned 48,758 shares of the transportation company’s stock after purchasing an additional 34,353 shares during the quarter. SG Americas Securities LLC’s holdings in Trinity Industries were worth $1,317,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. lifted its position in shares of Trinity Industries by 9.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 118,533 shares of the transportation company’s stock valued at $3,326,000 after acquiring an additional 9,848 shares during the period. Cerity Partners LLC grew its holdings in shares of Trinity Industries by 8.2% in the 1st quarter. Cerity Partners LLC now owns 15,794 shares of the transportation company’s stock worth $443,000 after acquiring an additional 1,191 shares during the period. Victory Capital Management Inc. increased its stake in Trinity Industries by 22.7% in the 1st quarter. Victory Capital Management Inc. now owns 386,248 shares of the transportation company’s stock valued at $10,838,000 after purchasing an additional 71,420 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Trinity Industries during the first quarter worth $277,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Trinity Industries by 9.9% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,192 shares of the transportation company’s stock worth $623,000 after purchasing an additional 1,994 shares in the last quarter. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TRN has been the subject of a number of research analyst reports. Wall Street Zen upgraded Trinity Industries from a “sell” rating to a “hold” rating in a research report on Saturday, August 30th. Weiss Ratings restated a “hold (c)” rating on shares of Trinity Industries in a report on Wednesday. The Goldman Sachs Group set a $31.00 price target on shares of Trinity Industries and gave the company a “neutral” rating in a report on Friday, October 31st. Finally, Susquehanna reissued a “neutral” rating and set a $23.00 price objective on shares of Trinity Industries in a research note on Friday, October 31st. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Trinity Industries has an average rating of “Hold” and an average price target of $27.00.

Trinity Industries Price Performance

TRN opened at $25.81 on Friday. Trinity Industries, Inc. has a 1 year low of $22.38 and a 1 year high of $39.83. The company’s 50 day simple moving average is $27.23 and its 200 day simple moving average is $27.01. The stock has a market capitalization of $2.07 billion, a PE ratio of 22.64 and a beta of 1.52. The company has a debt-to-equity ratio of 4.66, a quick ratio of 1.01 and a current ratio of 1.96.

Trinity Industries (NYSE:TRN) last released its quarterly earnings data on Thursday, October 30th. The transportation company reported $0.38 EPS for the quarter, hitting analysts’ consensus estimates of $0.38. The company had revenue of $454.10 million for the quarter, compared to the consensus estimate of $532.66 million. Trinity Industries had a return on equity of 8.49% and a net margin of 3.83%.The company’s quarterly revenue was down 43.2% compared to the same quarter last year. During the same period last year, the business posted $0.43 EPS. Trinity Industries has set its FY 2025 guidance at 1.550-1.70 EPS. As a group, sell-side analysts expect 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. Investors of record on Wednesday, October 15th were issued a dividend of $0.30 per share. The ex-dividend date was Wednesday, October 15th. This represents a $1.20 annualized dividend and a dividend yield of 4.6%. Trinity Industries’s payout ratio is presently 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.