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

A number of other hedge funds have also added to or reduced their stakes in TRN. Wells Fargo & Company MN grew its stake in Trinity Industries by 12.3% in the 4th quarter. Wells Fargo & Company MN now owns 75,345 shares of the transportation company's stock worth $2,645,000 after acquiring an additional 8,280 shares in the last quarter. First Trust Advisors LP grew its stake in Trinity Industries by 9.8% in the 4th quarter. First Trust Advisors LP now owns 184,254 shares of the transportation company's stock worth $6,467,000 after acquiring an additional 16,402 shares in the last quarter. MetLife Investment Management LLC grew its stake in Trinity Industries by 5.8% in the 4th quarter. MetLife Investment Management LLC now owns 49,863 shares of the transportation company's stock worth $1,750,000 after acquiring an additional 2,718 shares in the last quarter. Dark Forest Capital Management LP bought a new position in Trinity Industries in the 4th quarter worth about $495,000. Finally, Susquehanna Fundamental Investments LLC bought a new position in Trinity Industries in the 4th quarter worth about $434,000. 86.57% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Susquehanna dropped their target price on shares of Trinity Industries from $26.00 to $24.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 29th. Wall Street Zen downgraded shares of Trinity Industries from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Trinity Industries presently has an average rating of "Hold" and an average price target of $27.50.

Trinity Industries Stock Up 4.1%

Shares of NYSE TRN traded up $1.1440 during midday trading on Friday, reaching $29.0040. 550,929 shares of the company's stock traded hands, compared to its average volume of 915,260. 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 stock's 50 day simple moving average is $27.01 and its 200-day simple moving average is $27.62. Trinity Industries, Inc. has a one year low of $22.38 and a one year high of $39.83. The company has a market cap of $2.34 billion, a price-to-earnings ratio of 25.44 and a beta of 1.49.

Trinity Industries (NYSE:TRN - Get Free Report) last released its quarterly earnings data 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). 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 for the quarter, compared to the consensus estimate of $589.96 million. During the same quarter in the prior year, the business posted $0.66 earnings per share. Trinity Industries's revenue for the quarter was down 39.8% on a year-over-year basis. Trinity Industries has set its FY 2025 guidance at 1.400-1.60 EPS. On average, analysts predict that Trinity Industries, Inc. will post 1.65 EPS for the current fiscal 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.