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.
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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