Trinity Industries (NYSE:TRN - Free Report) had its price target lifted by Susquehanna from $34.00 to $35.00 in a research note published on Monday morning,Benzinga reports. The firm currently has a neutral rating on the transportation company's stock.
Several other research analysts have also weighed in on the company. StockNews.com lowered Trinity Industries from a "buy" rating to a "hold" rating in a research report on Monday, November 4th. The Goldman Sachs Group started coverage on shares of Trinity Industries in a research report on Monday, November 18th. They issued a "neutral" rating and a $39.00 price target for the company.
Read Our Latest Research Report on TRN
Trinity Industries Trading Down 0.2 %
Shares of Trinity Industries stock traded down $0.07 on Monday, reaching $29.77. 563,909 shares of the company were exchanged, compared to its average volume of 557,212. Trinity Industries has a fifty-two week low of $25.17 and a fifty-two week high of $39.83. The firm has a market capitalization of $2.44 billion, a price-to-earnings ratio of 18.15 and a beta of 1.40. The company has a current ratio of 1.80, a quick ratio of 1.08 and a debt-to-equity ratio of 4.35. The stock has a fifty day moving average price of $35.38 and a 200-day moving average price of $35.14.
Trinity Industries (NYSE:TRN - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The transportation company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.01. Trinity Industries had a return on equity of 11.78% and a net margin of 4.49%. The firm had revenue of $629.40 million for the quarter, compared to the consensus estimate of $589.30 million. On average, analysts expect that Trinity Industries will post 1.65 EPS for the current year.
Insider Buying and Selling at Trinity Industries
In other news, EVP Gregory B. Mitchell sold 9,286 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $31.02, for a total transaction of $288,051.72. Following the completion of the sale, the executive vice president now directly owns 111,879 shares of the company's stock, valued at $3,470,486.58. This trade represents a 7.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.60% of the company's stock.
Hedge Funds Weigh In On Trinity Industries
A number of hedge funds have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC lifted its stake in Trinity Industries by 3.5% in the third quarter. Sanctuary Advisors LLC now owns 10,005 shares of the transportation company's stock valued at $376,000 after acquiring an additional 338 shares during the last quarter. Arizona State Retirement System boosted its holdings in Trinity Industries by 1.5% in the fourth quarter. Arizona State Retirement System now owns 23,928 shares of the transportation company's stock worth $840,000 after purchasing an additional 364 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in Trinity Industries by 15.3% in the fourth quarter. Jones Financial Companies Lllp now owns 2,997 shares of the transportation company's stock worth $105,000 after purchasing an additional 398 shares in the last quarter. Summit Investment Advisors Inc. increased its position in Trinity Industries by 6.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 8,550 shares of the transportation company's stock worth $300,000 after buying an additional 543 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in Trinity Industries by 87.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,532 shares of the transportation company's stock valued at $54,000 after buying an additional 713 shares in the last quarter. Institutional investors and hedge funds own 86.57% of the company's stock.
About Trinity Industries
(
Get Free Report)
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.
Further Reading
Before you consider Trinity Industries, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Trinity Industries wasn't on the list.
While Trinity Industries currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for March 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
