Trinity Industries’ (TRN) Buy Rating Reiterated at Cowen and Company
Cowen and Company restated their buy rating on shares of Trinity Industries, Inc. (NYSE:TRN) in a report published on Monday. They currently have a $31.00 target price on the transportation company’s stock.
A number of other research analysts also recently commented on TRN. ValuEngine raised shares of Trinity Industries from a hold rating to a buy rating in a research note on Friday, June 2nd. BidaskClub raised shares of Trinity Industries from a strong sell rating to a sell rating in a research note on Thursday, June 15th. Axiom Securities reaffirmed a sell rating on shares of Trinity Industries in a research note on Friday, June 16th. Buckingham Research initiated coverage on shares of Trinity Industries in a research note on Wednesday, June 21st. They set a buy rating and a $32.00 price objective for the company. Finally, Zacks Investment Research downgraded shares of Trinity Industries from a hold rating to a sell rating in a research note on Wednesday, June 28th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of Hold and an average target price of $26.89.
Trinity Industries (TRN) opened at 28.72 on Monday. The company’s 50 day moving average is $28.05 and its 200-day moving average is $27.12. Trinity Industries has a 1-year low of $20.80 and a 1-year high of $30.13. The stock has a market capitalization of $4.35 billion, a PE ratio of 17.65 and a beta of 2.18.
Trinity Industries (NYSE:TRN) last posted its quarterly earnings data on Tuesday, July 25th. The transportation company reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.02. Trinity Industries had a net margin of 6.20% and a return on equity of 5.75%. The company had revenue of $905.50 million during the quarter, compared to the consensus estimate of $947.40 million. During the same quarter in the prior year, the company posted $0.62 EPS. The company’s quarterly revenue was down 23.6% compared to the same quarter last year. Analysts forecast that Trinity Industries will post $1.25 earnings per share for the current fiscal year.
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In other Trinity Industries news, major shareholder Holdings L.P. Valueact bought 7,114 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The stock was purchased at an average price of $28.50 per share, with a total value of $202,749.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Valueact Capital Master Fund, purchased 5,100 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was bought at an average price of $28.41 per share, with a total value of $144,891.00. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 1,406,628 shares of company stock valued at $39,627,578. Corporate insiders own 2.00% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in TRN. First Mercantile Trust Co. bought a new position in Trinity Industries during the first quarter worth $139,000. Invictus RG boosted its position in Trinity Industries by 466.4% in the first quarter. Invictus RG now owns 6,406 shares of the transportation company’s stock worth $170,000 after buying an additional 5,275 shares in the last quarter. Advisory Services Network LLC bought a new position in Trinity Industries during the first quarter worth $195,000. Pacad Investment Ltd. boosted its position in Trinity Industries by 36.5% in the second quarter. Pacad Investment Ltd. now owns 7,100 shares of the transportation company’s stock worth $199,000 after buying an additional 1,900 shares in the last quarter. Finally, Fisher Asset Management LLC bought a new position in Trinity Industries during the second quarter worth $205,000. Hedge funds and other institutional investors own 80.92% of the company’s stock.
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.
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