Trinity Industries (NYSE:TRN) Stock Price Down 6%

Trinity Industries Inc (NYSE:TRN)’s share price fell 6% during mid-day trading on Wednesday . The stock traded as low as $17.03 and last traded at $17.11, 1,204,092 shares changed hands during mid-day trading. A decline of 20% from the average session volume of 1,507,070 shares. The stock had previously closed at $18.20.

Several research firms have recently issued reports on TRN. Zacks Investment Research downgraded Trinity Industries from a “buy” rating to a “hold” rating and set a $17.00 price objective for the company. in a research note on Tuesday, June 4th. Buckingham Research set a $22.00 price objective on Trinity Industries and gave the company a “hold” rating in a research note on Friday, July 26th. Stifel Nicolaus set a $33.00 price objective on Trinity Industries and gave the company a “buy” rating in a research note on Friday, April 26th. TheStreet downgraded shares of Trinity Industries from a “b” rating to a “c” rating in a research report on Thursday, April 25th. Finally, ValuEngine raised shares of Trinity Industries from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $26.00.

The stock has a market capitalization of $2.29 billion, a price-to-earnings ratio of 21.39, a price-to-earnings-growth ratio of 1.40 and a beta of 1.98. The business’s 50-day moving average is $19.56. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.84 and a current ratio of 1.91.



Trinity Industries (NYSE:TRN) last released its earnings results on Wednesday, July 24th. The transportation company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.02). The firm had revenue of $736.00 million for the quarter, compared to analyst estimates of $796.00 million. Trinity Industries had a net margin of 4.06% and a return on equity of 5.40%. The business’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.43 EPS. On average, analysts forecast that Trinity Industries Inc will post 1.35 earnings per share for the current year.

In other Trinity Industries news, insider Brian D. Madison sold 2,157 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $20.90, for a total transaction of $45,081.30. Following the transaction, the insider now directly owns 58,345 shares in the company, valued at approximately $1,219,410.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Brandon B. Boze purchased 108,796 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were acquired at an average price of $19.84 per share, for a total transaction of $2,158,512.64. The disclosure for this purchase can be found here. Corporate insiders own 18.50% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Norges Bank bought a new stake in shares of Trinity Industries during the 4th quarter valued at about $29,267,000. Geode Capital Management LLC grew its position in Trinity Industries by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 1,416,160 shares of the transportation company’s stock worth $29,158,000 after purchasing an additional 47,512 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new position in Trinity Industries in the 1st quarter worth about $823,000. Strs Ohio grew its position in Trinity Industries by 12.8% in the 1st quarter. Strs Ohio now owns 15,117 shares of the transportation company’s stock worth $328,000 after purchasing an additional 1,717 shares during the last quarter. Finally, Investors Research Corp bought a new position in Trinity Industries in the 1st quarter worth about $197,000. Hedge funds and other institutional investors own 84.65% of the company’s stock.

About Trinity Industries (NYSE:TRN)

Trinity Industries, Inc provides rail transportation products and services in North America. It operates through three segments: Railcar Leasing and Management Services Group, Rail Products Group, and All Other. The Railcar Leasing and Management Services Group segment leases freight and tank railcars; originates and manages railcar leases for third-party investor-owned fund; and provides fleet maintenance and management services to industrial shippers.

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