Northern Trust Corp Buys 30,572 Shares of Trinity Industries, Inc. $TRN

Key Points

• Northern Trust Corp increased its ownership in Trinity Industries by 2.6%, owning approximately 1,202,608 shares valued at $33.75 million at the end of the first quarter.
• Trinity Industries reported a decline in quarterly earnings, with $0.19 EPS missing estimates by $0.12, and a revenue drop of 39.8% year-over-year.
• Several institutional investors have increased their stakes in Trinity Industries, with hedge funds now owning 86.57% of the company's stock.

Northern Trust Corp lifted its position in shares of Trinity Industries, Inc. (NYSE:TRN - Free Report) by 2.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,202,608 shares of the transportation company's stock after purchasing an additional 30,572 shares during the period. Northern Trust Corp owned 1.47% of Trinity Industries worth $33,745,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Headlands Technologies LLC raised its stake 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 acquiring an additional 1,504 shares during the period. Russell Investments Group Ltd. increased its holdings in shares of Trinity Industries by 97.4% in the first quarter. Russell Investments Group Ltd. now owns 3,604 shares of the transportation company's stock valued at $101,000 after purchasing an additional 1,778 shares during the last quarter. Stephens Inc. AR raised its position in shares of Trinity Industries by 6.5% in the first quarter. Stephens Inc. AR now owns 7,317 shares of the transportation company's stock valued at $205,000 after purchasing an additional 444 shares during the period. Matrix Trust Co lifted 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 buying an additional 2,965 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in shares of Trinity Industries during the 4th quarter worth about $225,000. 86.57% of the stock is owned by institutional investors.

Analysts Set New Price Targets

TRN has been the subject of a number of research analyst reports. Susquehanna reduced 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. Wall Street Zen raised Trinity Industries from a "sell" rating to a "hold" rating in a report on Saturday, August 30th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $27.50.

Trinity Industries Price Performance

Shares of Trinity Industries stock traded up $0.68 on Thursday, reaching $28.57. 494,842 shares of the stock were exchanged, compared to its average volume of 623,859. The company has a debt-to-equity ratio of 4.66, a quick ratio of 1.01 and a current ratio of 1.96. The firm has a market cap of $2.31 billion, a PE ratio of 25.06 and a beta of 1.53. The firm's 50 day moving average is $27.40 and its 200-day moving average is $27.21. Trinity Industries, Inc. has a one year low of $22.38 and a one year high of $39.83.

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 for the quarter, missing the consensus estimate of $0.31 by ($0.12). The business 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 quarterly revenue was down 39.8% compared to the same quarter last year. During the same period last year, the business earned $0.66 earnings per share. Trinity Industries has set its FY 2025 guidance at 1.400-1.60 EPS. As a group, analysts anticipate that Trinity Industries, Inc. will post 1.65 EPS for the current fiscal year.

Trinity Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Wednesday, October 15th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 4.2%. Trinity Industries's payout ratio is 105.26%.

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.