Trinity Industries, Inc. (NYSE:TRN) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Wednesday.

According to Zacks, “Trinity Industries, Inc. is engaged in the manufacture, marketing, and leasing of a wide variety of products consisting of the following business segments or groups: Railcar Group, Inland Barge Group, Parts and Services Group, Highway Construction Product Group, Concrete & Aggregate Group, Industrial Group, and others. Others includes transportation services, the company’s captive insurance company, and other peripheral businesses. “

A number of other analysts have also issued reports on TRN. Cowen and Company reiterated a “buy” rating and set a $39.00 price objective (up previously from $31.00) on shares of Trinity Industries in a research note on Tuesday. They noted that the move was a valuation call. KeyCorp reiterated a “buy” rating and set a $41.00 price objective (up previously from $34.00) on shares of Trinity Industries in a research note on Monday, October 2nd. Axiom Securities reiterated a “sell” rating on shares of Trinity Industries in a research note on Thursday, July 13th. Stephens reiterated an “equal weight” rating and set a $35.00 price objective (up previously from $29.00) on shares of Trinity Industries in a research note on Tuesday, October 3rd. Finally, ValuEngine lowered shares of Trinity Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $34.25.

Trinity Industries (NYSE:TRN) opened at 33.91 on Wednesday. The firm’s 50-day moving average is $31.15 and its 200 day moving average is $28.16. The firm has a market cap of $5.13 billion, a PE ratio of 20.84 and a beta of 2.19. Trinity Industries has a 12-month low of $20.80 and a 12-month high of $35.97.

Trinity Industries (NYSE:TRN) last posted its quarterly earnings data on Tuesday, July 25th. The transportation company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.02. The company had revenue of $905.50 million for 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 business’s quarterly revenue was down 23.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.62 earnings per share. Equities research analysts predict that Trinity Industries will post $1.23 EPS for the current year.

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In related news, major shareholder Holdings L.P. Valueact purchased 167,395 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The stock was acquired at an average price of $27.51 per share, with a total value of $4,605,036.45. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Valueact Capital Master Fund, purchased 60,819 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The shares were bought at an average cost of $28.39 per share, with a total value of $1,726,651.41. The disclosure for this purchase can be found here. Insiders have bought 1,709,624 shares of company stock valued at $48,298,143 in the last three months. Corporate insiders own 2.00% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Advisory Services Network LLC grew its position in shares of Trinity Industries by 47.0% during the second quarter. Advisory Services Network LLC now owns 10,785 shares of the transportation company’s stock worth $302,000 after buying an additional 3,450 shares in the last quarter. Greenwood Gearhart Inc. grew its position in shares of Trinity Industries by 2.5% during the second quarter. Greenwood Gearhart Inc. now owns 149,800 shares of the transportation company’s stock worth $4,199,000 after buying an additional 3,590 shares in the last quarter. Ameritas Investment Partners Inc. grew its position in shares of Trinity Industries by 1.1% during the second quarter. Ameritas Investment Partners Inc. now owns 62,738 shares of the transportation company’s stock worth $1,758,000 after buying an additional 675 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its position in shares of Trinity Industries by 7.5% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 10,037 shares of the transportation company’s stock worth $281,000 after buying an additional 704 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its position in shares of Trinity Industries by 4,963.0% during the second quarter. Tower Research Capital LLC TRC now owns 12,860 shares of the transportation company’s stock worth $360,000 after buying an additional 12,606 shares in the last quarter. 80.65% of the stock is owned by institutional investors and hedge funds.

Trinity Industries Company Profile

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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