Trinity Industries (NYSE:TRN) Cut to "Neutral" at Susquehanna

Trinity Industries (NYSE:TRN - Get Free Report) was downgraded by equities research analysts at Susquehanna from a "positive" rating to a "neutral" rating in a report released on Monday, MarketBeat reports. They currently have a $35.00 price objective on the transportation company's stock, up from their prior price objective of $34.00. Susquehanna's price target would suggest a potential upside of 2.37% from the stock's current price.

Separately, StockNews.com upgraded shares of Trinity Industries from a "hold" rating to a "buy" rating in a research note on Tuesday, September 10th.

Trinity Industries Trading Down 3.3 %

Shares of TRN traded down $1.15 during trading on Monday, reaching $34.19. 611,399 shares of the company traded hands, compared to its average volume of 551,222. Trinity Industries has a twelve month low of $20.04 and a twelve month high of $37.04. The stock has a market cap of $2.82 billion, a PE ratio of 17.62 and a beta of 1.39. The stock has a 50-day simple moving average of $33.26 and a 200-day simple moving average of $31.18. The company has a quick ratio of 0.98, a current ratio of 1.91 and a debt-to-equity ratio of 4.39.

Trinity Industries (NYSE:TRN - Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The transportation company reported $0.66 earnings per share for the quarter, beating analysts' consensus estimates of $0.34 by $0.32. The business had revenue of $841.40 million during the quarter, compared to analysts' expectations of $738.00 million. Trinity Industries had a net margin of 4.98% and a return on equity of 13.66%. The business's revenue for the quarter was up 16.5% on a year-over-year basis. During the same period last year, the business earned $0.23 earnings per share. On average, analysts anticipate that Trinity Industries will post 1.65 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its position in shares of Trinity Industries by 72.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 707,633 shares of the transportation company's stock worth $18,816,000 after buying an additional 297,153 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Trinity Industries by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 9,677,808 shares of the transportation company's stock worth $257,333,000 after buying an additional 83,769 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Trinity Industries by 10.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 8,008 shares of the transportation company's stock worth $213,000 after buying an additional 764 shares during the last quarter. Tradewinds Capital Management LLC purchased a new stake in shares of Trinity Industries during the 1st quarter worth approximately $111,000. Finally, BNP Paribas Financial Markets lifted its position in shares of Trinity Industries by 43.0% during the 1st quarter. BNP Paribas Financial Markets now owns 44,125 shares of the transportation company's stock worth $1,229,000 after buying an additional 13,267 shares during the last quarter. Hedge funds and other institutional investors own 86.57% of the company's stock.

About Trinity Industries

Trinity Industries, Inc provides rail transportation products and services under the TrinityRail name in North America. It operates in two segments, Railcar Leasing and Management Services Group, and Rail Products Group. The Railcar Leasing and Management Services Group segment leases freight and tank railcars; originates and manages railcar leases for third-party investors; and provides fleet maintenance and management services.