Trinity Industries (NYSE:TRN) Stock Price Expected to Rise, Susquehanna Analyst Says

by · The Markets Daily

Trinity Industries (NYSE:TRN – Get Free Report) had its price objective hoisted by investment analysts at Susquehanna from $32.00 to $34.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the transportation company’s stock. Susquehanna‘s price target indicates a potential upside of 15.57% from the stock’s current price.

TRN has been the topic of several other reports. Weiss Ratings cut shares of Trinity Industries from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, October 22nd. The Goldman Sachs Group set a $30.00 target price on shares of Trinity Industries in a research report on Tuesday, October 20th. Three investment analysts have rated the stock with a Hold rating. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $32.00.

Get Our Latest Analysis on TRN

Trinity Industries Trading Down 3.5%

TRN traded down $1.08 during trading on Thursday, hitting $29.42. 664,354 shares of the stock were exchanged, compared to its average volume of 882,335. The company has a debt-to-equity ratio of 4.71, a quick ratio of 0.94 and a current ratio of 1.88. The firm has a 50 day simple moving average of $27.33 and a 200 day simple moving average of $31.42. The firm has a market cap of $2.30 billion, a price-to-earnings ratio of 7.36 and a beta of 1.36. Trinity Industries has a 1 year low of $24.28 and a 1 year high of $38.31.

Trinity Industries (NYSE:TRN – Get Free Report) last announced its quarterly earnings results on Thursday, October 29th. The transportation company reported $0.27 EPS for the quarter, meeting the consensus estimate of $0.27. The firm had revenue of $535.10 million for the quarter, compared to analyst estimates of $543.36 million. Trinity Industries had a return on equity of 18.13% and a net margin of 15.39%. The business’s revenue for the quarter was up 17.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.38 earnings per share. As a group, equities analysts expect that Trinity Industries will post 2.30 EPS for the current year.

Insiders Place Their Bets

In other Trinity Industries news, EVP Kevin Poet sold 17,000 shares of Trinity Industries 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 transaction, the executive vice president owned 69,225 shares in the company, valued at $2,045,598.75. The trade was a 19.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.10% of the stock is currently owned by insiders.

Institutional Trading of Trinity Industries

Several hedge funds have recently modified their holdings of the company. BlackRock Inc. boosted its holdings in shares of Trinity Industries by 2.9% in the 2nd quarter. BlackRock Inc. now owns 13,356,707 shares of the transportation company’s stock valued at $461,875,000 after buying an additional 370,390 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Trinity Industries by 1.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,801,236 shares of the transportation company’s stock worth $154,500,000 after buying an additional 81,263 shares during the last quarter. State Street Corp grew its position in shares of Trinity Industries by 6.3% in the 2nd quarter. State Street Corp now owns 4,123,807 shares of the transportation company’s stock worth $142,601,000 after buying an additional 245,434 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Trinity Industries by 9.2% during 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 acquiring an additional 91,964 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Trinity Industries by 0.4% during 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 acquiring an additional 3,568 shares in the last quarter. 86.57% of the stock is owned by hedge funds and other institutional investors.

About Trinity Industries

(Get Free Report)

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.

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