Trinity Industries (NYSE:TRN) Given New $34.00 Price Target at Susquehanna

Trinity Industries (NYSE:TRN) had its price objective lifted by analysts at Susquehanna from $32.00 to $34.00 in a report released on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the transportation company’s stock. Susquehanna‘s target price indicates a potential upside of 6.66% from the company’s current price.

Other analysts also recently issued reports about the company. The Goldman Sachs Group set a $30.00 price target on Trinity Industries in a report on Tuesday, October 20th. Weiss Ratings lowered Trinity Industries from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, October 22nd. Three equities research analysts have rated the stock with a Hold rating. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $32.00.

Trinity Industries Stock Performance

Shares of TRN stock opened at $31.88 on Thursday. The business’s 50 day simple moving average is $27.31 and its 200 day simple moving average is $31.39. Trinity Industries has a one year low of $24.28 and a one year high of $38.31. The stock has a market capitalization of $2.49 billion, a PE ratio of 7.97 and a beta of 1.36. The company has a debt-to-equity ratio of 4.71, a current ratio of 1.88 and a quick ratio of 0.94.

Trinity Industries (NYSE:TRN) last released its quarterly earnings results on Thursday, October 29th. The transportation company reported $0.27 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.27. The firm had revenue of $535.10 million during the quarter, compared to analyst estimates of $543.36 million. Trinity Industries had a net margin of 15.39% and a return on equity of 18.13%. The company’s revenue was up 17.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.38 EPS. As a group, research analysts forecast that Trinity Industries will post 2.30 earnings per share for the current year.

Insider Activity

In other news, EVP Kevin Poet sold 17,000 shares of the firm’s stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $29.55, for a total value of $502,350.00. Following the completion of the sale, the executive vice president directly owned 69,225 shares in the company, valued at $2,045,598.75. This trade represents a 19.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.10% of the stock is owned by company insiders.

Institutional Trading of Trinity Industries

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TRN. BlackRock Inc. raised its holdings in shares of Trinity Industries by 2.9% in the second quarter. BlackRock Inc. now owns 13,356,707 shares of the transportation company’s stock valued at $461,875,000 after purchasing an additional 370,390 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Trinity Industries by 1.7% during the first quarter. Dimensional Fund Advisors LP now owns 4,801,236 shares of the transportation company’s stock worth $154,500,000 after purchasing an additional 81,263 shares during the last quarter. State Street Corp boosted its holdings in Trinity Industries by 6.3% during the second quarter. State Street Corp now owns 4,123,807 shares of the transportation company’s stock worth $142,601,000 after purchasing an additional 245,434 shares during the last quarter. Bank of America Corp DE grew its position in Trinity Industries by 9.2% in the 1st quarter. Bank of America Corp DE now owns 1,089,488 shares of the transportation company’s stock worth $35,060,000 after purchasing an additional 91,964 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in Trinity Industries by 0.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 890,037 shares of the transportation company’s stock worth $30,777,000 after purchasing an additional 3,568 shares in the last quarter. 86.57% of the stock is owned by institutional investors.

Trinity Industries Company Profile

Trinity Industries, Inc is a North American industrial company focused primarily on rail transportation products and services. Through its TrinityRail business, the company designs and manufactures freight railcars, including covered hoppers, gondolas, tank cars and other specialized rail equipment used to transport commodities and industrial goods.

TrinityRail also provides railcar leasing, fleet management, maintenance and refurbishment services. These offerings support railroads, shippers and other fleet owners throughout the life cycle of their equipment, from initial design and production to ongoing maintenance and compliance services.

Founded in 1933 and headquartered in Dallas, Texas, Trinity Industries has historically operated across several industrial and infrastructure markets, but has increasingly concentrated on its rail platform.