Nuveen LLC Buys New Holdings in Trinity Industries, Inc. $TRN

Key Points

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Nuveen LLC bought a new stake in Trinity Industries, Inc. (NYSE:TRN - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 817,539 shares of the transportation company's stock, valued at approximately $22,940,000. Nuveen LLC owned 1.00% of Trinity Industries as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. lifted its holdings in 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 acquiring an additional 9,395 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in 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 acquiring an additional 78,341 shares during the period. Fifth Third Bancorp lifted its holdings in 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 acquiring an additional 11,660 shares during the period. Twelve Points Wealth Management LLC lifted its holdings in 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 acquiring an additional 9,840 shares during the period. Finally, SG Americas Securities LLC bought a new position in Trinity Industries in the first quarter valued at about $404,000. Institutional investors own 86.57% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on TRN shares. Wall Street Zen downgraded Trinity Industries from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. Susquehanna decreased their price objective 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 analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Trinity Industries has an average rating of "Hold" and a consensus price target of $27.50.

Trinity Industries Stock Performance

Shares of NYSE TRN traded up $1.1440 during trading on Friday, hitting $29.0040. The company had a trading volume of 550,929 shares, compared to its average volume of 915,260. The stock has a 50 day simple moving average of $27.01 and a 200 day simple moving average of $27.62. The company has a debt-to-equity ratio of 4.66, a quick ratio of 1.01 and a current ratio of 1.96. Trinity Industries, Inc. has a 12 month low of $22.38 and a 12 month high of $39.83. The firm has a market capitalization of $2.34 billion, a P/E ratio of 25.44 and a beta of 1.49.

Trinity Industries (NYSE:TRN - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The transportation company reported $0.19 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 the consensus estimate of $589.96 million. During the same period last year, the business earned $0.66 EPS. The firm's quarterly revenue was down 39.8% compared to the same quarter last year. 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 earnings per share for the current year.

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.