Trinity Industries, Inc. $TRN Shares Sold by HighTower Advisors LLC

Key Points

• HighTower Advisors LLC has drastically reduced its stake in Trinity Industries, Inc. by 54.9%, now holding 25,715 shares worth $722,000 after selling 31,359 shares in the first quarter.
• In contrast, other institutional investors, including Headlands Technologies LLC and Matrix Trust Co, have significantly increased their positions in Trinity Industries during the same quarter.
• Trinity Industries reported disappointing financial results, with earnings per share at $0.19, missing analyst estimates, and a revenue decline of 39.8% year-over-year.

HighTower Advisors LLC trimmed its holdings in shares of Trinity Industries, Inc. (NYSE:TRN - Free Report) by 54.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,715 shares of the transportation company's stock after selling 31,359 shares during the period. HighTower Advisors LLC's holdings in Trinity Industries were worth $722,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Headlands Technologies LLC increased its stake in shares of Trinity Industries by 3,418.2% during the 1st quarter. Headlands Technologies LLC now owns 1,548 shares of the transportation company's stock worth $43,000 after purchasing an additional 1,504 shares in the last quarter. Stephens Inc. AR increased its stake in shares of Trinity Industries by 6.5% during the 1st quarter. Stephens Inc. AR now owns 7,317 shares of the transportation company's stock worth $205,000 after purchasing an additional 444 shares in the last quarter. Matrix Trust Co increased its stake in shares of Trinity Industries by 60.2% during the 1st quarter. Matrix Trust Co now owns 7,888 shares of the transportation company's stock worth $221,000 after purchasing an additional 2,965 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in shares of Trinity Industries during the 4th quarter worth approximately $225,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in shares of Trinity Industries during the 4th quarter worth approximately $241,000. 86.57% of the stock is owned by hedge funds and other institutional investors.

Trinity Industries Trading Down 2.0%

Shares of TRN traded down $0.58 during mid-day trading on Wednesday, hitting $27.87. The company had a trading volume of 473,582 shares, compared to its average volume of 715,793. The business's 50-day simple moving average is $27.38 and its 200-day simple moving average is $27.25. The company has a quick ratio of 1.01, a current ratio of 1.96 and a debt-to-equity ratio of 4.66. Trinity Industries, Inc. has a 1-year low of $22.38 and a 1-year high of $39.83. The stock has a market cap of $2.25 billion, a PE ratio of 24.44 and a beta of 1.53.

Trinity Industries (NYSE:TRN - Get Free Report) last released its earnings results on Thursday, July 31st. The transportation company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.12). Trinity Industries had a return on equity of 8.49% and a net margin of 3.83%.The company had revenue of $506.20 million during the quarter, compared to analyst estimates of $589.96 million. During the same period in the prior year, the business posted $0.66 earnings per share. Trinity Industries's revenue was down 39.8% on a year-over-year basis. Trinity Industries has set its FY 2025 guidance at 1.400-1.60 EPS. Sell-side analysts forecast that Trinity Industries, Inc. will post 1.65 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Wall Street Zen raised shares of Trinity Industries from a "sell" rating to a "hold" rating in a research note on Saturday. Susquehanna decreased their price target 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. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Trinity Industries presently has a consensus rating of "Hold" and a consensus 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.