Trinity Industries, Inc. $TRN Shares Sold by Gabelli Funds LLC

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 lessened its stake in Trinity Industries, Inc. (NYSE:TRN - Free Report) by 2.5% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 563,000 shares of the transportation company's stock after selling 14,700 shares during the period. 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 recently added to or reduced their stakes in the company. Headlands Technologies LLC increased its holdings in Trinity Industries by 3,418.2% in the 1st quarter. Headlands Technologies LLC now owns 1,548 shares of the transportation company's stock valued at $43,000 after purchasing an additional 1,504 shares during the last quarter. Russell Investments Group Ltd. boosted its position in Trinity Industries by 97.4% in the 1st quarter. Russell Investments Group Ltd. now owns 3,604 shares of the transportation company's stock valued at $101,000 after buying an additional 1,778 shares during the period. Stephens Inc. AR boosted its position in Trinity Industries by 6.5% in the 1st quarter. Stephens Inc. AR now owns 7,317 shares of the transportation company's stock valued at $205,000 after buying an additional 444 shares during the period. Matrix Trust Co boosted its position in Trinity Industries by 60.2% in the 1st quarter. Matrix Trust Co now owns 7,888 shares of the transportation company's stock valued at $221,000 after buying an additional 2,965 shares during the period. Finally, Mercer Global Advisors Inc. ADV purchased a new position in Trinity Industries in the 4th quarter valued at approximately $225,000. Institutional investors and hedge funds own 86.57% of the company's stock.

Trinity Industries Stock Down 0.5%

Shares of TRN stock traded down $0.15 on Tuesday, reaching $28.27. 91,949 shares of the stock were exchanged, compared to its average volume of 619,464. 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 business's 50 day moving average price is $27.31 and its 200 day moving average price is $27.23. The company has a market capitalization of $2.29 billion, a price-to-earnings ratio of 24.79 and a beta of 1.52. 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 issued its earnings results on Thursday, July 31st. The transportation company reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.31 by ($0.12). The firm had revenue of $506.20 million for 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 business's revenue for the quarter was down 39.8% on a year-over-year basis. During the same quarter in the previous 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 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TRN has been the subject of several recent research reports. Susquehanna decreased their price target on shares of Trinity Industries from $26.00 to $24.00 and set a "neutral" rating for the company in a research report on Tuesday, July 29th. Wall Street Zen raised shares of Trinity Industries from a "sell" rating to a "hold" rating in a research report on Saturday. 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 Company 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.