ValuEngine Downgrades Trinity Industries, Inc. (TRN) to Hold
Trinity Industries, Inc. (NYSE:TRN) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a report released on Monday.
Several other brokerages also recently weighed in on TRN. TheStreet upgraded shares of Trinity Industries from a “c” rating to a “b-” rating in a research note on Monday, August 14th. Buckingham Research assumed coverage on Trinity Industries in a research note on Wednesday, June 21st. They set a “buy” rating and a $32.00 target price on the stock. BidaskClub raised Trinity Industries from a “hold” rating to a “buy” rating in a research report on Saturday, July 1st. Stifel Nicolaus upgraded Trinity Industries from a “hold” rating to a “buy” rating and increased their price target for the company from $29.00 to $31.00 in a research note on Thursday, July 27th. They noted that the move was a valuation call. Finally, Zacks Investment Research raised Trinity Industries from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a report on Thursday, August 17th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $33.25.
Shares of Trinity Industries (NYSE:TRN) opened at 35.07 on Monday. Trinity Industries has a 12-month low of $20.80 and a 12-month high of $35.97. The stock has a market cap of $5.31 billion, a PE ratio of 21.56 and a beta of 2.19. The stock’s 50 day moving average is $29.70 and its 200-day moving average is $27.67.
Trinity Industries (NYSE:TRN) last released its quarterly earnings results on Tuesday, July 25th. The transportation company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.02. Trinity Industries had a net margin of 6.20% and a return on equity of 5.75%. The business had revenue of $905.50 million for the quarter, compared to analysts’ expectations of $947.40 million. During the same period last year, the business earned $0.62 EPS. The company’s revenue was down 23.6% compared to the same quarter last year. Equities analysts expect that Trinity Industries will post $1.23 EPS for the current year.
In related news, major shareholder Valueact Capital Master Fund, purchased 202,500 shares of the business’s stock in a transaction on Friday, August 11th. The shares were bought at an average cost of $28.47 per share, with a total value of $5,765,175.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Holdings L.P. Valueact purchased 100,000 shares of the business’s stock in a transaction on Wednesday, August 2nd. The shares were bought at an average cost of $27.38 per share, for a total transaction of $2,738,000.00. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 1,709,624 shares of company stock valued at $48,298,143. 2.00% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. UBS Asset Management Americas Inc. lifted its holdings in shares of Trinity Industries by 7.2% in the 1st quarter. UBS Asset Management Americas Inc. now owns 122,677 shares of the transportation company’s stock valued at $3,257,000 after buying an additional 8,247 shares during the period. Ameriprise Financial Inc. raised its position in Trinity Industries by 0.4% during the first quarter. Ameriprise Financial Inc. now owns 486,967 shares of the transportation company’s stock valued at $12,929,000 after acquiring an additional 2,167 shares in the last quarter. Nordea Investment Management AB raised its position in Trinity Industries by 19.9% during the first quarter. Nordea Investment Management AB now owns 56,630 shares of the transportation company’s stock valued at $1,504,000 after acquiring an additional 9,395 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Trinity Industries during the first quarter valued at approximately $363,000. Finally, OppenheimerFunds Inc. raised its position in Trinity Industries by 16.8% during the first quarter. OppenheimerFunds Inc. now owns 43,537 shares of the transportation company’s stock valued at $1,156,000 after acquiring an additional 6,256 shares in the last quarter. Institutional investors and hedge funds own 80.82% 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.
Receive News & Ratings for Trinity Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trinity Industries Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.