Trinity Industries (NYSE:TRN) Now Covered by The Goldman Sachs Group

The Goldman Sachs Group initiated coverage on shares of Trinity Industries (NYSE:TRN - Free Report) in a research note issued to investors on Monday, Marketbeat.com reports. The firm issued a neutral rating and a $39.00 price target on the transportation company's stock.

TRN has been the subject of a number of other research reports. Susquehanna cut shares of Trinity Industries from a "positive" rating to a "neutral" rating and lifted their target price for the stock from $34.00 to $35.00 in a research report on Monday, October 21st. StockNews.com downgraded Trinity Industries from a "buy" rating to a "hold" rating in a research report on Monday, November 4th.

Trinity Industries Price Performance

Shares of NYSE:TRN traded up $0.22 during trading on Monday, hitting $37.44. 399,546 shares of the stock were exchanged, compared to its average volume of 551,580. Trinity Industries has a 12-month low of $23.40 and a 12-month high of $38.69. The company has a market cap of $3.08 billion, a PE ratio of 18.14 and a beta of 1.39. The company has a fifty day moving average price of $34.62 and a two-hundred day moving average price of $32.36. The company has a current ratio of 2.00, a quick ratio of 1.08 and a debt-to-equity ratio of 4.39.

Trinity Industries (NYSE:TRN - Get Free Report) last posted its earnings results on Thursday, October 31st. The transportation company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.05. The company had revenue of $798.80 million for the quarter, compared to analyst estimates of $696.00 million. Trinity Industries had a return on equity of 14.57% and a net margin of 5.31%. Trinity Industries's revenue was down 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.26 earnings per share. On average, analysts forecast that Trinity Industries will post 1.75 EPS for the current year.

Trinity Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date of this dividend was Tuesday, October 15th. Trinity Industries's dividend payout ratio is currently 54.63%.

Institutional Trading of Trinity Industries

A number of institutional investors and hedge funds have recently made changes to their positions in the company. UniSuper Management Pty Ltd purchased a new position in shares of Trinity Industries in the 1st quarter worth about $544,000. Marshall Wace LLP purchased a new position in Trinity Industries in the second quarter valued at approximately $1,049,000. State of New Jersey Common Pension Fund D acquired a new position in Trinity Industries during the second quarter valued at approximately $1,824,000. GAMMA Investing LLC grew its stake in Trinity Industries by 85.6% during the third quarter. GAMMA Investing LLC now owns 1,017 shares of the transportation company's stock worth $35,000 after buying an additional 469 shares during the period. Finally, Royce & Associates LP increased its position in shares of Trinity Industries by 8.2% in the third quarter. Royce & Associates LP now owns 367,421 shares of the transportation company's stock worth $12,801,000 after acquiring an additional 27,870 shares in the last quarter. 86.57% of the stock is currently owned by institutional investors and hedge funds.

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.