American Century Companies Inc. Buys 347,051 Shares of Trinity Industries, Inc. $TRN

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. boosted its stake in shares of Trinity Industries, Inc. (NYSE:TRN - Free Report) by 15.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,534,417 shares of the transportation company's stock after purchasing an additional 347,051 shares during the period. American Century Companies Inc. owned 3.11% of Trinity Industries worth $71,116,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Headlands Technologies LLC boosted its position in Trinity Industries by 3,418.2% during the first quarter. Headlands Technologies LLC now owns 1,548 shares of the transportation company's stock valued at $43,000 after purchasing an additional 1,504 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of Trinity Industries by 97.4% in the first quarter. Russell Investments Group Ltd. now owns 3,604 shares of the transportation company's stock valued at $101,000 after buying an additional 1,778 shares during the last quarter. Stephens Inc. AR lifted its position 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 buying an additional 444 shares during the last quarter. Matrix Trust Co lifted its position in shares of Trinity Industries by 60.2% in the first quarter. Matrix Trust Co now owns 7,888 shares of the transportation company's stock valued at $221,000 after buying an additional 2,965 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in shares of Trinity Industries in the fourth quarter valued at approximately $225,000. 86.57% of the stock is owned by institutional investors and hedge funds.

Trinity Industries Stock Performance

NYSE:TRN traded up $1.1440 during mid-day trading on Friday, hitting $29.0040. 550,929 shares of the stock were exchanged, compared to its average volume of 915,260. The stock has a market capitalization of $2.34 billion, a price-to-earnings ratio of 25.44 and a beta of 1.49. The firm's 50-day simple moving average is $27.01 and its 200 day simple moving average is $27.69. The company has a debt-to-equity ratio of 4.66, a quick ratio of 1.01 and a current ratio of 1.96. Trinity Industries, Inc. has a fifty-two week low of $22.38 and a fifty-two week high of $39.83.

Trinity Industries (NYSE:TRN - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The transportation company reported $0.19 earnings per share 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 analyst estimates of $589.96 million. Trinity Industries had a return on equity of 8.49% and a net margin of 3.83%.The business's revenue for the quarter was down 39.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.66 earnings per share. Trinity Industries has set its FY 2025 guidance at 1.400-1.60 EPS. As a group, equities analysts anticipate that Trinity Industries, Inc. will post 1.65 EPS for the current fiscal year.

Analysts Set New Price Targets

TRN has been the subject of a number of recent analyst reports. Wall Street Zen cut Trinity Industries from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. Susquehanna cut their price objective on Trinity Industries from $26.00 to $24.00 and set a "neutral" rating for the company in a research report on Tuesday, July 29th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, Trinity Industries presently has a consensus rating of "Hold" and a consensus 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.