Cowen and Company restated their buy rating on shares of Trinity Industries, Inc. (NYSE:TRN) in a research note issued to investors on Tuesday morning. The firm currently has a $39.00 price objective on the transportation company’s stock, up from their prior price objective of $31.00. The analysts noted that the move was a valuation call.

A number of other equities analysts have also weighed in on TRN. Buckingham Research started coverage on shares of Trinity Industries in a research report on Wednesday, June 21st. They issued a buy rating and a $32.00 price target for the company. Axiom Securities reiterated a sell rating and issued a $11.00 price target on shares of Trinity Industries in a research report on Friday, June 30th. BidaskClub upgraded shares of Trinity Industries from a hold rating to a buy rating in a research report on Saturday, July 1st. Zacks Investment Research upgraded shares of Trinity Industries from a sell rating to a hold rating and set a $31.00 price target for the company in a research report on Wednesday, July 19th. Finally, Stifel Nicolaus upgraded shares of Trinity Industries from a hold rating to a buy rating and upped their price target for the stock from $29.00 to $31.00 in a research report on Thursday, July 27th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $34.25.

Trinity Industries (NYSE:TRN) traded up 1.20% during mid-day trading on Tuesday, reaching $34.61. 790,503 shares of the company’s stock traded hands. The company has a market cap of $5.24 billion, a P/E ratio of 21.27 and a beta of 2.19. Trinity Industries has a 12-month low of $20.80 and a 12-month high of $35.97. The stock has a 50 day moving average of $31.85 and a 200 day moving average of $28.41.

Trinity Industries (NYSE:TRN) last posted its quarterly earnings results on Tuesday, July 25th. The transportation company reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.02. The business had revenue of $905.50 million during the quarter, compared to analyst estimates of $947.40 million. Trinity Industries had a net margin of 6.20% and a return on equity of 5.75%. The company’s revenue was down 23.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.62 earnings per share. On average, equities research analysts predict that Trinity Industries will post $1.23 earnings per share for the current fiscal year.

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The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, October 13th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.50%. Trinity Industries’s dividend payout ratio is 32.10%.

In related news, major shareholder Valueact Capital Master Fund, bought 403,000 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The stock was purchased at an average price of $28.48 per share, for a total transaction of $11,477,440.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Holdings L.P. Valueact bought 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were bought at an average price of $27.38 per share, with a total value of $2,738,000.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 1,709,624 shares of company stock valued at $48,298,143. 2.00% of the stock is owned by company insiders.

Several large investors have recently modified their holdings of the stock. Quantitative Systematic Strategies LLC boosted its position in shares of Trinity Industries by 68.3% during the third quarter. Quantitative Systematic Strategies LLC now owns 12,385 shares of the transportation company’s stock worth $395,000 after acquiring an additional 5,025 shares during the last quarter. Shell Asset Management Co. raised its stake in Trinity Industries by 35.4% during the third quarter. Shell Asset Management Co. now owns 102,463 shares of the transportation company’s stock valued at $4,787,000 after purchasing an additional 26,789 shares in the last quarter. Advisory Services Network LLC raised its stake in Trinity Industries by 47.0% during the second quarter. Advisory Services Network LLC now owns 10,785 shares of the transportation company’s stock valued at $302,000 after purchasing an additional 3,450 shares in the last quarter. Greenwood Gearhart Inc. raised its stake in Trinity Industries by 2.5% during the second quarter. Greenwood Gearhart Inc. now owns 149,800 shares of the transportation company’s stock valued at $4,199,000 after purchasing an additional 3,590 shares in the last quarter. Finally, Ameritas Investment Partners Inc. raised its stake in Trinity Industries by 1.1% during the second quarter. Ameritas Investment Partners Inc. now owns 62,738 shares of the transportation company’s stock valued at $1,758,000 after purchasing an additional 675 shares in the last quarter. Hedge funds and other institutional investors own 80.65% of the company’s stock.

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.

Analyst Recommendations for Trinity Industries (NYSE:TRN)

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