Nuveen LLC Acquires New Position in Trinity Industries, Inc. $TRN

Key Points

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Nuveen LLC purchased a new stake in Trinity Industries, Inc. (NYSE:TRN - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 817,539 shares of the transportation company's stock, valued at approximately $22,940,000. Nuveen LLC owned 1.00% of Trinity Industries at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Invesco Ltd. grew its position in Trinity Industries by 48.5% in the 1st quarter. Invesco Ltd. now owns 1,281,326 shares of the transportation company's stock valued at $35,954,000 after purchasing an additional 418,371 shares during the period. Headlands Technologies LLC grew its position 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 period. XTX Topco Ltd grew its position in Trinity Industries by 89.4% in the 1st quarter. XTX Topco Ltd now owns 20,329 shares of the transportation company's stock valued at $570,000 after purchasing an additional 9,595 shares during the period. GSA Capital Partners LLP acquired a new stake in Trinity Industries in the 1st quarter valued at $1,603,000. Finally, Mackenzie Financial Corp acquired a new stake in Trinity Industries in the 1st quarter valued at $301,000. Institutional investors and hedge funds own 86.57% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on TRN shares. Susquehanna cut their price objective on shares of Trinity Industries from $26.00 to $24.00 and set a "neutral" rating on the stock in a report on Tuesday, July 29th. Wall Street Zen downgraded shares of Trinity Industries from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $27.50.

Trinity Industries Stock Performance

Shares of NYSE:TRN traded up $1.0970 during midday trading on Friday, reaching $28.9570. The company had a trading volume of 277,056 shares, compared to its average volume of 625,561. The company's 50 day moving average price is $26.96 and its 200 day moving average price is $27.75. 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 stock has a market cap of $2.34 billion, a P/E ratio of 25.44 and a beta of 1.49. 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 issued its quarterly earnings results on Thursday, July 31st. The transportation company reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $0.31 by ($0.12). The company had revenue of $506.20 million during the quarter, compared to analysts' expectations of $589.96 million. Trinity Industries had a return on equity of 8.49% and a net margin of 3.83%.Trinity Industries's quarterly revenue was down 39.8% compared to the same quarter last year. During the same period last year, the firm posted $0.66 earnings per share. Trinity Industries has set its FY 2025 guidance at 1.400-1.60 EPS. As a group, sell-side analysts anticipate that Trinity Industries, Inc. will post 1.65 EPS for the current fiscal year.

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.