Trinity Industries, Inc. $TRN Shares Purchased by American Century Companies Inc.

Key Points

• American Century Companies Inc. increased its stake in Trinity Industries by 15.9%, acquiring 347,051 shares, bringing its total ownership to approximately 3.11% valued at $71 million.
• Several hedge funds boosted their holdings in Trinity Industries, with notable increases from Fox Run Management and Russell Investments, indicating growing institutional interest.
• The company missed earnings estimates in its last quarterly report, with an EPS of $0.19 against a consensus of $0.31, along with a significant year-over-year revenue decline of 39.8%.

American Century Companies Inc. increased its stake in shares of Trinity Industries, Inc. (NYSE:TRN - Free Report) by 15.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,534,417 shares of the transportation company's stock after buying an additional 347,051 shares during the period. American Century Companies Inc. owned about 3.11% of Trinity Industries worth $71,116,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Stephens Inc. AR lifted its holdings in shares of Trinity Industries by 6.5% in the first quarter. Stephens Inc. AR now owns 7,317 shares of the transportation company's stock valued at $205,000 after purchasing an additional 444 shares in the last quarter. Illinois Municipal Retirement Fund lifted its holdings in shares of Trinity Industries by 1.1% in the first quarter. Illinois Municipal Retirement Fund now owns 44,168 shares of the transportation company's stock valued at $1,239,000 after purchasing an additional 462 shares in the last quarter. Summit Investment Advisors Inc. lifted its holdings in shares of Trinity Industries by 6.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 8,550 shares of the transportation company's stock valued at $300,000 after purchasing an additional 543 shares in the last quarter. Centiva Capital LP lifted its holdings in shares of Trinity Industries by 12.7% in the fourth quarter. Centiva Capital LP now owns 10,106 shares of the transportation company's stock valued at $355,000 after purchasing an additional 1,142 shares in the last quarter. Finally, Cerity Partners LLC lifted its holdings in shares of Trinity Industries by 8.2% in the first quarter. Cerity Partners LLC now owns 15,794 shares of the transportation company's stock valued at $443,000 after purchasing an additional 1,191 shares in the last quarter. Hedge funds and other institutional investors own 86.57% of the company's stock.

Trinity Industries Trading Up 4.1%

Shares of TRN traded up $1.1440 on Friday, hitting $29.0040. 550,929 shares of the stock traded hands, compared to its average volume of 902,658. The company has a quick ratio of 1.01, a current ratio of 1.96 and a debt-to-equity ratio of 4.66. The firm has a market capitalization of $2.34 billion, a P/E ratio of 25.44 and a beta of 1.49. The stock's 50 day moving average is $27.01 and its two-hundred day moving average is $27.55. Trinity Industries, Inc. has a 1 year low of $22.38 and a 1 year high of $39.83.

Trinity Industries (NYSE:TRN - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The transportation company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.12). The firm had revenue of $506.20 million for the quarter, compared to analysts' expectations of $589.96 million. Trinity Industries had a net margin of 3.83% and a return on equity of 8.49%. The business's quarterly revenue was down 39.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.66 EPS. Trinity Industries has set its FY 2025 guidance at 1.400-1.60 EPS. As a group, sell-side analysts predict that Trinity Industries, Inc. will post 1.65 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have issued reports on TRN shares. Wall Street Zen downgraded shares of Trinity Industries from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. Susquehanna reduced their price target on shares of Trinity Industries from $26.00 to $24.00 and set a "neutral" rating on the stock in a report on Tuesday, July 29th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Trinity Industries presently has a consensus rating of "Hold" and an average price target of $27.50.

Trinity Industries Company Profile

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.