EntryPoint Capital LLC Buys Shares of 9,457 Trinity Industries, Inc. $TRN

Key Points

• EntryPoint Capital LLC has acquired a new position in Trinity Industries, Inc. ($TRN) with a purchase of 9,457 shares valued at approximately $265,000.
• Other institutional investors have also increased their stakes in Trinity Industries, pushing institutional ownership to 86.57% of the company's stock.
• Trinity Industries reported earnings per share of $0.19, missing analysts' expectations, and experienced a 39.8% decline in revenue compared to the prior year.

EntryPoint Capital LLC purchased a new stake in Trinity Industries, Inc. (NYSE:TRN - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The firm purchased 9,457 shares of the transportation company's stock, valued at approximately $265,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Jennison Associates LLC lifted its stake in Trinity Industries by 2.0% in the 1st quarter. Jennison Associates LLC now owns 3,661,394 shares of the transportation company's stock valued at $102,739,000 after buying an additional 73,160 shares in the last quarter. American Century Companies Inc. lifted its stake in Trinity Industries by 15.9% in the 1st quarter. American Century Companies Inc. now owns 2,534,417 shares of the transportation company's stock valued at $71,116,000 after buying an additional 347,051 shares in the last quarter. Encompass Capital Advisors LLC lifted its stake in Trinity Industries by 16.7% in the 4th quarter. Encompass Capital Advisors LLC now owns 1,992,281 shares of the transportation company's stock valued at $69,929,000 after buying an additional 285,237 shares in the last quarter. Invesco Ltd. lifted its stake in Trinity Industries by 48.5% in the 1st quarter. Invesco Ltd. now owns 1,281,326 shares of the transportation company's stock worth $35,954,000 after purchasing an additional 418,371 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Trinity Industries by 2.6% during the 1st quarter. Northern Trust Corp now owns 1,202,608 shares of the transportation company's stock worth $33,745,000 after purchasing an additional 30,572 shares during the last quarter. 86.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on TRN. Susquehanna cut their price target on Trinity Industries from $26.00 to $24.00 and set a "neutral" rating for the company in a report on Tuesday, July 29th. Wall Street Zen cut Trinity Industries from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $27.50.

Trinity Industries Trading Down 1.0%

Shares of TRN stock traded down $0.29 during trading on Thursday, hitting $28.50. 95,510 shares of the stock traded hands, compared to its average volume of 620,711. The firm has a market capitalization of $2.30 billion, a P/E ratio of 24.99 and a beta of 1.49. The company has a debt-to-equity ratio of 4.66, a current ratio of 1.96 and a quick ratio of 1.01. The firm's fifty day moving average price is $27.16 and its 200-day moving average price is $27.51. Trinity Industries, Inc. has a 52-week low of $22.38 and a 52-week high of $39.83.

Trinity Industries (NYSE:TRN - Get Free Report) last announced its 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 analysts' expectations of $589.96 million. Trinity Industries had a net margin of 3.83% and a return on equity of 8.49%. The firm's revenue for the quarter was down 39.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.66 EPS. Trinity Industries has set its FY 2025 guidance at 1.400-1.60 EPS. As a group, research analysts forecast that Trinity Industries, Inc. will post 1.65 earnings per share 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.