Gabelli Funds LLC Has $15.80 Million Stock Position in Trinity Industries, Inc. $TRN

Key Points

• Gabelli Funds LLC has reduced its stake in Trinity Industries, Inc. by 2.5% to approximately $15.8 million, owning 563,000 shares after selling 14,700 shares in the first quarter.
• Trinity Industries reported a 39.8% year-over-year decline in revenue for the last quarter, bringing in $506.2 million and missing analyst earnings estimates.
• Analyst ratings for Trinity Industries have shifted, with a downgrade from "hold" to "sell" and lowered price targets, leading to an average price target of $27.50.

Gabelli Funds LLC trimmed its holdings in Trinity Industries, Inc. (NYSE:TRN - Free Report) by 2.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 563,000 shares of the transportation company's stock after selling 14,700 shares during the quarter. Gabelli Funds LLC owned about 0.69% of Trinity Industries worth $15,798,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. raised its holdings in shares of Trinity Industries by 2.3% in the first quarter. Principal Financial Group Inc. now owns 410,122 shares of the transportation company's stock valued at $11,508,000 after buying an additional 9,395 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Trinity Industries by 1,142.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 85,199 shares of the transportation company's stock valued at $2,391,000 after buying an additional 78,341 shares during the last quarter. Fifth Third Bancorp raised its holdings in shares of Trinity Industries by 3,212.1% in the first quarter. Fifth Third Bancorp now owns 12,023 shares of the transportation company's stock valued at $337,000 after buying an additional 11,660 shares during the last quarter. Twelve Points Wealth Management LLC raised its holdings in shares of Trinity Industries by 23.4% in the first quarter. Twelve Points Wealth Management LLC now owns 51,898 shares of the transportation company's stock valued at $1,456,000 after buying an additional 9,840 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Trinity Industries in the first quarter valued at about $404,000. 86.57% of the stock is owned by institutional investors.

Trinity Industries Trading Down 0.9%

Shares of NYSE:TRN traded down $0.25 during mid-day trading on Monday, reaching $28.37. The stock had a trading volume of 518,077 shares, compared to its average volume of 762,316. The firm has a market cap of $2.29 billion, a PE ratio of 24.88 and a beta of 1.52. The firm has a 50 day simple moving average of $27.26 and a two-hundred day simple moving average of $27.27. The company has a current ratio of 1.96, a quick ratio of 1.01 and a debt-to-equity ratio of 4.66. Trinity Industries, Inc. has a twelve month low of $22.38 and a twelve month high of $39.83.

Trinity Industries (NYSE:TRN - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The transportation company reported $0.19 earnings per share 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 net margin of 3.83% and a return on equity of 8.49%. The business's revenue was down 39.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.66 earnings per share. Trinity Industries has set its FY 2025 guidance at 1.400-1.60 EPS. On average, research analysts predict that Trinity Industries, Inc. will post 1.65 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Wall Street Zen raised Trinity Industries from a "sell" rating to a "hold" rating in a report on Saturday. Susquehanna dropped their price objective on Trinity Industries from $26.00 to $24.00 and set a "neutral" rating for the company in a report on Tuesday, July 29th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price 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.