Victory Capital Management Inc. boosted its position in shares of Trinity Industries Inc (NYSE:TRN) by 13.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 85,008 shares of the transportation company’s stock after buying an additional 9,951 shares during the quarter. Victory Capital Management Inc. owned approximately 0.06% of Trinity Industries worth $2,912,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Optimum Investment Advisors bought a new stake in Trinity Industries during the 1st quarter valued at $108,000. DekaBank Deutsche Girozentrale bought a new stake in Trinity Industries during the 1st quarter valued at $115,000. Cerebellum GP LLC bought a new stake in Trinity Industries during the 2nd quarter valued at $176,000. Hartford Investment Management Co. bought a new stake in Trinity Industries during the 2nd quarter valued at $207,000. Finally, Janney Montgomery Scott LLC bought a new stake in Trinity Industries during the 2nd quarter valued at $224,000. Institutional investors own 86.31% of the company’s stock.

Shares of NYSE TRN opened at $36.58 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.52 and a quick ratio of 1.61. Trinity Industries Inc has a 12 month low of $28.25 and a 12 month high of $39.19. The firm has a market capitalization of $5.48 billion, a price-to-earnings ratio of 24.07, a P/E/G ratio of 2.29 and a beta of 2.12.

Trinity Industries (NYSE:TRN) last issued its quarterly earnings data on Wednesday, July 25th. The transportation company reported $0.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.11. Trinity Industries had a net margin of 19.42% and a return on equity of 5.68%. The business had revenue of $942.30 million during the quarter, compared to analyst estimates of $965.24 million. During the same period in the prior year, the business earned $0.33 EPS. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. equities research analysts expect that Trinity Industries Inc will post 1.62 EPS for the current year.

A number of equities research analysts recently commented on TRN shares. Stifel Nicolaus upped their price target on shares of Trinity Industries from $42.00 to $44.00 and gave the company a “buy” rating in a report on Monday, April 30th. Zacks Investment Research upgraded shares of Trinity Industries from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a report on Thursday, May 3rd. Mizuho started coverage on shares of Trinity Industries in a report on Thursday, June 28th. They set a “buy” rating and a $42.00 price target for the company. TheStreet upgraded shares of Trinity Industries from a “c+” rating to a “b” rating in a report on Monday, July 23rd. Finally, Buckingham Research upped their price target on shares of Trinity Industries from $41.00 to $45.00 and gave the company a “buy” rating in a report on Friday, July 27th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and twelve have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $39.75.

Trinity Industries Profile

Trinity Industries, Inc provides various products and services to the energy, chemical, agriculture, transportation, and construction sectors in the United States and internationally. Its Rail Group segment offers railcars, including autorack, box, covered hopper, gondola, intermodal, tank, and open hopper cars; and railcar maintenance services.

See Also: Price to Earnings Ratio (PE) Basics

Institutional Ownership by Quarter for Trinity Industries (NYSE:TRN)

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