The Goldman Sachs Group Begins Coverage on Trinity Industries (NYSE:TRN)

The Goldman Sachs Group began coverage on shares of Trinity Industries (NYSE:TRN) in a research report sent to investors on Monday morning, MarketBeat Ratings reports. The firm issued a neutral rating and a $39.00 target price on the transportation company’s stock.

Other analysts have also issued reports about the company. Susquehanna lowered Trinity Industries from a “positive” rating to a “neutral” rating and lifted their price target for the stock from $34.00 to $35.00 in a research note on Monday, October 21st. StockNews.com cut shares of Trinity Industries from a “buy” rating to a “hold” rating in a research note on Monday, November 4th.

Trinity Industries Price Performance

Shares of NYSE TRN opened at $37.17 on Monday. The company has a debt-to-equity ratio of 4.39, a quick ratio of 1.08 and a current ratio of 2.00. The firm has a market cap of $3.05 billion, a PE ratio of 18.13 and a beta of 1.39. Trinity Industries has a one year low of $23.40 and a one year high of $38.69. The firm has a fifty day moving average of $35.04 and a 200 day moving average of $32.50.

Trinity Industries (NYSE:TRN) last released its quarterly earnings results on Thursday, October 31st. The transportation company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.05. Trinity Industries had a net margin of 5.31% and a return on equity of 14.57%. The firm had revenue of $798.80 million during the quarter, compared to the consensus estimate of $696.00 million. During the same quarter in the prior year, the firm earned $0.26 EPS. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. As a group, research analysts predict that Trinity Industries will post 1.75 EPS for the current fiscal year.

Trinity Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 15th were issued a $0.28 dividend. The ex-dividend date was Tuesday, October 15th. This represents a $1.12 annualized dividend and a dividend yield of 3.01%. Trinity Industries’s dividend payout ratio is presently 54.63%.

Institutional Trading of Trinity Industries

Hedge funds and other institutional investors have recently modified their holdings of the stock. UniSuper Management Pty Ltd purchased a new stake in shares of Trinity Industries during the 1st quarter valued at approximately $544,000. Royce & Associates LP increased its stake in Trinity Industries by 8.2% during 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 during the last quarter. Marshall Wace LLP acquired a new stake in Trinity Industries during the second quarter worth $1,049,000. State of New Jersey Common Pension Fund D purchased a new stake in Trinity Industries in the second quarter valued at $1,824,000. Finally, GAMMA Investing LLC lifted its stake in shares of Trinity Industries by 85.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,017 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 469 shares during the last quarter. 86.57% of the stock is 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.