Deutsche Bank AG Has $3.20 Million Position in Trinity Industries, Inc. $TRN

Key Points

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Deutsche Bank AG cut its stake in shares of Trinity Industries, Inc. (NYSE:TRN - Free Report) by 22.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 113,948 shares of the transportation company's stock after selling 33,502 shares during the quarter. Deutsche Bank AG owned 0.14% of Trinity Industries worth $3,197,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mercer Global Advisors Inc. ADV bought a new stake in shares of Trinity Industries during the 4th quarter valued at approximately $225,000. Wealth Enhancement Advisory Services LLC bought a new stake in Trinity Industries during the 4th quarter worth approximately $241,000. Stephens Inc. AR grew its holdings in Trinity Industries by 6.5% during the 1st quarter. Stephens Inc. AR now owns 7,317 shares of the transportation company's stock worth $205,000 after acquiring an additional 444 shares during the last quarter. Matrix Trust Co grew its holdings in Trinity Industries by 60.2% during the 1st quarter. Matrix Trust Co now owns 7,888 shares of the transportation company's stock worth $221,000 after acquiring an additional 2,965 shares during the last quarter. Finally, Focus Partners Wealth grew its holdings in Trinity Industries by 45.0% during the 4th quarter. Focus Partners Wealth now owns 8,365 shares of the transportation company's stock worth $296,000 after acquiring an additional 2,595 shares during the last quarter. 86.57% of the stock is owned by institutional investors.

Trinity Industries Trading Up 4.1%

Shares of NYSE TRN traded up $1.1440 during midday trading on Friday, reaching $29.0040. The stock had a trading volume of 550,929 shares, compared to its average volume of 915,260. The firm has a market cap of $2.34 billion, a price-to-earnings ratio of 25.44 and a beta of 1.49. Trinity Industries, Inc. has a twelve month low of $22.38 and a twelve month high of $39.83. The company has a debt-to-equity ratio of 4.66, a quick ratio of 1.01 and a current ratio of 1.96. The company's 50 day moving average price is $27.01 and its 200 day moving average price is $27.69.

Trinity Industries (NYSE:TRN - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The transportation company reported $0.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.31 by ($0.12). The firm had revenue of $506.20 million during 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 firm's revenue for the quarter was down 39.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.66 EPS. Trinity Industries has set its FY 2025 guidance at 1.400-1.60 EPS. As a group, sell-side analysts expect that Trinity Industries, Inc. will post 1.65 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on TRN shares. Susquehanna reduced their target price 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. Wall Street Zen lowered shares of Trinity Industries from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $27.50.

Trinity Industries 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.