Trinity Industries (NYSE:TRN) Stock Rating Lowered by Susquehanna

Trinity Industries (NYSE:TRN) was downgraded by investment analysts at Susquehanna from a “positive” rating to a “neutral” rating in a research report issued to clients and investors on Monday, Briefing.com reports. They presently have a $35.00 target price on the transportation company’s stock, up from their prior target price of $34.00. Susquehanna’s target price indicates a potential downside of 0.96% from the company’s current price.

Separately, StockNews.com upgraded shares of Trinity Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, September 10th.

Trinity Industries Stock Up 0.4 %

TRN stock opened at $35.34 on Monday. The company has a market cap of $2.91 billion, a price-to-earnings ratio of 18.22 and a beta of 1.39. Trinity Industries has a twelve month low of $20.04 and a twelve month high of $37.04. The business has a 50 day moving average price of $33.21 and a two-hundred day moving average price of $31.13. The company has a quick ratio of 0.98, a current ratio of 1.91 and a debt-to-equity ratio of 4.39.

Trinity Industries (NYSE:TRN) last released its earnings results on Thursday, August 1st. The transportation company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.32. Trinity Industries had a net margin of 4.98% and a return on equity of 13.66%. The business had revenue of $841.40 million during the quarter, compared to analysts’ expectations of $738.00 million. During the same period last year, the business earned $0.23 earnings per share. The firm’s revenue was up 16.5% on a year-over-year basis. Analysts anticipate that Trinity Industries will post 1.65 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. UniSuper Management Pty Ltd acquired a new position in shares of Trinity Industries in the first quarter valued at approximately $544,000. Marshall Wace LLP bought a new stake in Trinity Industries in the 2nd quarter valued at $1,049,000. State of New Jersey Common Pension Fund D acquired a new position in Trinity Industries in the 2nd quarter valued at $1,824,000. American Century Companies Inc. increased its position in Trinity Industries by 136.2% during the 2nd quarter. American Century Companies Inc. now owns 1,047,663 shares of the transportation company’s stock worth $31,346,000 after buying an additional 604,050 shares during the period. Finally, Millennium Management LLC increased its position in Trinity Industries by 180.7% during the 2nd quarter. Millennium Management LLC now owns 823,040 shares of the transportation company’s stock worth $24,625,000 after buying an additional 529,857 shares during the period. Institutional investors and hedge funds own 86.57% of the company’s stock.

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.