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 boosted its stake in Trinity Industries, Inc. (NYSE:TRN - Free Report) by 2.6% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 1,202,608 shares of the transportation company's stock after acquiring an additional 30,572 shares during the quarter. Northern Trust Corp owned 1.47% of Trinity Industries worth $33,745,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Jennison Associates LLC grew its holdings 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. increased its holdings in shares of Trinity Industries by 15.9% during the 1st quarter. American Century Companies Inc. now owns 2,534,417 shares of the transportation company's stock worth $71,116,000 after buying an additional 347,051 shares during the last quarter. Encompass Capital Advisors LLC lifted its holdings in Trinity Industries by 16.7% in the fourth quarter. Encompass Capital Advisors LLC now owns 1,992,281 shares of the transportation company's stock valued at $69,929,000 after acquiring an additional 285,237 shares during the last quarter. Invesco Ltd. grew its position in Trinity Industries by 48.5% in the first quarter. Invesco Ltd. now owns 1,281,326 shares of the transportation company's stock worth $35,954,000 after acquiring an additional 418,371 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Trinity Industries by 5.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 944,030 shares of the transportation company's stock worth $33,136,000 after acquiring an additional 50,767 shares during the last quarter. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Trinity Industries Stock Performance

Trinity Industries stock traded down $0.47 during mid-day trading on Wednesday, reaching $27.97. The company had a trading volume of 171,686 shares, compared to its average volume of 620,027. The company has a quick ratio of 1.01, a current ratio of 1.96 and a debt-to-equity ratio of 4.66. The firm has a market cap of $2.26 billion, a price-to-earnings ratio of 24.54 and a beta of 1.53. The company has a 50 day moving average of $27.35 and a 200-day moving average of $27.24. 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 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 company had revenue of $506.20 million during the quarter, compared to the consensus estimate of $589.96 million. Trinity Industries had a net margin of 3.83% and a return on equity of 8.49%. The company's revenue for the quarter was down 39.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.66 earnings per share. Trinity Industries has set its FY 2025 guidance at 1.400-1.60 EPS. On average, sell-side analysts expect that Trinity Industries, Inc. will post 1.65 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on TRN shares. Wall Street Zen upgraded shares of Trinity Industries from a "sell" rating to a "hold" rating in a report on Saturday. Susquehanna decreased their price target on 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 equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $27.50.

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.