Trinity Industries, Inc. (NYSE:TRN)‘s stock had its “buy” rating restated by investment analysts at Cowen and Company in a research report issued on Tuesday, October 17th. They currently have a $39.00 target price on the transportation company’s stock, up from their previous target price of $31.00. Cowen and Company’s target price would indicate a potential upside of 21.57% from the stock’s previous close. The analysts noted that the move was a valuation call.
A number of other brokerages have also recently issued reports on TRN. ValuEngine upgraded Trinity Industries from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research cut Trinity Industries from a “buy” rating to a “hold” rating in a research note on Saturday, September 23rd. Axiom Securities restated a “sell” rating on shares of Trinity Industries in a research note on Thursday, July 13th. Stifel Nicolaus restated a “buy” rating and issued a $42.00 price target (up previously from $31.00) on shares of Trinity Industries in a research note on Sunday, October 1st. Finally, TheStreet upgraded Trinity Industries from a “c” rating to a “b-” rating in a research note on Monday, August 14th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $34.13.
Shares of Trinity Industries (TRN) opened at 32.08 on Tuesday. The company has a 50 day moving average of $32.19 and a 200-day moving average of $28.58. Trinity Industries has a 12 month low of $20.80 and a 12 month high of $35.97. The firm has a market capitalization of $4.85 billion, a P/E ratio of 19.72 and a beta of 2.19.
Trinity Industries (NYSE:TRN) last announced its quarterly earnings data on Wednesday, October 25th. The transportation company reported $0.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.11. The business had revenue of $973.60 million during the quarter, compared to analysts’ expectations of $951.60 million. Trinity Industries had a return on equity of 5.32% and a net margin of 5.97%. The firm’s quarterly revenue was down 12.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.55 earnings per share. Analysts predict that Trinity Industries will post $1.23 EPS for the current year.
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In related news, major shareholder Holdings L.P. Valueact purchased 7,114 shares of the business’s stock in a transaction on Tuesday, August 8th. The stock was acquired at an average price of $28.50 per share, with a total value of $202,749.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Valueact Capital Master Fund, purchased 403,000 shares of the business’s stock in a transaction on Thursday, August 17th. The shares were bought at an average cost of $28.48 per share, with a total value of $11,477,440.00. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 1,709,624 shares of company stock valued at $48,298,143. 2.00% of the stock is owned by company insiders.
Large investors have recently added to or reduced their stakes in the business. First Mercantile Trust Co. grew its holdings in Trinity Industries by 10.9% during the second quarter. First Mercantile Trust Co. now owns 5,800 shares of the transportation company’s stock valued at $163,000 after purchasing an additional 570 shares during the period. Invictus RG grew its holdings in Trinity Industries by 466.4% during the first quarter. Invictus RG now owns 6,406 shares of the transportation company’s stock valued at $170,000 after purchasing an additional 5,275 shares during the period. Pacad Investment Ltd. grew its holdings in Trinity Industries by 36.5% during the second quarter. Pacad Investment Ltd. now owns 7,100 shares of the transportation company’s stock valued at $199,000 after purchasing an additional 1,900 shares during the period. Fisher Asset Management LLC bought a new stake in Trinity Industries during the second quarter valued at about $205,000. Finally, Quantitative Systematic Strategies LLC bought a new stake in Trinity Industries during the second quarter valued at about $208,000. 80.60% of the stock is owned by institutional investors and hedge funds.
Trinity Industries Company Profile
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.
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