Trinity Industries, Inc. $TRN Shares Sold by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors LP has reduced its holdings in Trinity Industries, Inc. by 5.8%, now owning approximately 5.02 million shares, valued at around $140.98 million as of the first quarter.
• Trinity Industries reported a 39.8% decline in revenue compared to the same quarter last year, with earnings per share missing estimates at $0.19 versus a consensus of $0.31.
• The company's stock has an average rating of "Hold" from analysts, with a consensus price target of $27.50 after recent downgrades from various equity research firms.

Dimensional Fund Advisors LP lowered its position in shares of Trinity Industries, Inc. (NYSE:TRN - Free Report) by 5.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,024,343 shares of the transportation company's stock after selling 311,314 shares during the quarter. Dimensional Fund Advisors LP owned about 6.16% of Trinity Industries worth $140,984,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of TRN. Wells Fargo & Company MN raised its stake in Trinity Industries by 12.3% during the fourth quarter. Wells Fargo & Company MN now owns 75,345 shares of the transportation company's stock valued at $2,645,000 after buying an additional 8,280 shares in the last quarter. First Trust Advisors LP raised its position in shares of Trinity Industries by 9.8% during the 4th quarter. First Trust Advisors LP now owns 184,254 shares of the transportation company's stock worth $6,467,000 after purchasing an additional 16,402 shares during the period. MetLife Investment Management LLC raised its position in shares of Trinity Industries by 5.8% during the 4th quarter. MetLife Investment Management LLC now owns 49,863 shares of the transportation company's stock worth $1,750,000 after purchasing an additional 2,718 shares during the period. Dark Forest Capital Management LP acquired a new stake in shares of Trinity Industries during the 4th quarter worth approximately $495,000. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of Trinity Industries during the 4th quarter worth approximately $434,000. Institutional investors and hedge funds own 86.57% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on TRN. Wall Street Zen cut Trinity Industries from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. Susquehanna dropped their price target on Trinity Industries from $26.00 to $24.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 29th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Trinity Industries currently has a consensus rating of "Hold" and a consensus target price of $27.50.

Trinity Industries Stock Performance

TRN traded up $0.16 during trading hours on Tuesday, hitting $28.61. The company's stock had a trading volume of 497,181 shares, compared to its average volume of 901,235. Trinity Industries, Inc. has a fifty-two week low of $22.38 and a fifty-two week high of $39.83. The company has a current ratio of 1.96, a quick ratio of 1.01 and a debt-to-equity ratio of 4.66. The firm has a market capitalization of $2.31 billion, a PE ratio of 25.09 and a beta of 1.49. The company has a 50-day simple moving average of $27.11 and a 200 day simple moving average of $27.50.

Trinity Industries (NYSE:TRN - Get Free Report) last posted its earnings results on Thursday, July 31st. The transportation company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.12). Trinity Industries had a net margin of 3.83% and a return on equity of 8.49%. The business had revenue of $506.20 million during the quarter, compared to analyst estimates of $589.96 million. During the same quarter in the prior year, the business earned $0.66 earnings per share. The firm's revenue was down 39.8% compared to the same quarter last year. 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.

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.