Public Sector Pension Investment Board Has $7.31 Million Stock Position in Trinity Industries, Inc. $TRN

Key Points

• The Public Sector Pension Investment Board increased its stake in Trinity Industries by 27.3%, purchasing an additional 55,797 shares to own a total of 260,524 shares worth approximately $7.31 million.
• Trinity Industries reported a significant earnings miss for its latest quarter, with earnings per share of $0.19 compared to the consensus estimate of $0.31, and a revenue decline of 39.8% year-over-year.
• Shares of Trinity Industries traded down 2.1% on Friday, closing at $27.42, while institutional investors own 86.57% of the stock, indicating strong institutional interest.

Public Sector Pension Investment Board increased its position in shares of Trinity Industries, Inc. (NYSE:TRN - Free Report) by 27.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 260,524 shares of the transportation company's stock after acquiring an additional 55,797 shares during the quarter. Public Sector Pension Investment Board owned about 0.32% of Trinity Industries worth $7,310,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Nuveen LLC bought a new stake in Trinity Industries in the first quarter valued at approximately $22,940,000. Invesco Ltd. grew its holdings in shares of 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 buying an additional 418,371 shares during the period. Headlands Technologies LLC increased its position in shares of 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 buying an additional 1,504 shares in the last quarter. XTX Topco Ltd raised its stake in Trinity Industries by 89.4% during the 1st quarter. XTX Topco Ltd now owns 20,329 shares of the transportation company's stock worth $570,000 after buying an additional 9,595 shares during the period. Finally, GSA Capital Partners LLP bought a new position in Trinity Industries during the first quarter worth about $1,603,000. Institutional investors and hedge funds own 86.57% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Wall Street Zen downgraded Trinity Industries from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. Susquehanna dropped their target price 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. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Trinity Industries has an average rating of "Hold" and an average price target of $27.50.

Trinity Industries Stock Up 0.9%

Shares of NYSE TRN traded up $0.2540 during midday trading on Tuesday, reaching $28.0540. The company's stock had a trading volume of 109,732 shares, compared to its average volume of 626,706. The stock has a 50 day simple moving average of $26.87 and a 200-day simple moving average of $27.80. 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 capitalization of $2.27 billion, a price-to-earnings ratio of 24.51 and a beta of 1.49. Trinity Industries, Inc. has a fifty-two week low of $22.38 and a fifty-two week high of $39.83.

Trinity Industries (NYSE:TRN - Get Free Report) last announced 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%. Trinity Industries's revenue was down 39.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.66 EPS. Trinity Industries has set its FY 2025 guidance at 1.400-1.60 EPS. Equities research analysts predict that Trinity Industries, Inc. will post 1.65 earnings per share for the current 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.