Quantbot Technologies LP Acquires New Shares in Trinity Industries, Inc. $TRN

Key Points

• Quantbot Technologies LP has acquired 33,370 shares of Trinity Industries, valued at approximately $936,000, marking a new investment in the company.
• Trinity reported a quarterly earnings miss with $0.19 EPS compared to an expected $0.31, and revenue declined by 39.8% year-over-year.
• Wall Street analysts have mixed sentiments on TRN, with Susquehanna lowering its price target from $26.00 to $24.00 and downgrading the stock to a "sell" rating.

Quantbot Technologies LP acquired a new position in Trinity Industries, Inc. (NYSE:TRN - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The firm acquired 33,370 shares of the transportation company's stock, valued at approximately $936,000.

Other large investors also recently modified their holdings of the company. Headlands Technologies LLC raised its holdings 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 worth $43,000 after purchasing an additional 1,504 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of Trinity Industries by 97.4% during the 1st quarter. Russell Investments Group Ltd. now owns 3,604 shares of the transportation company's stock valued at $101,000 after buying an additional 1,778 shares during the period. Stephens Inc. AR raised its holdings in shares of Trinity Industries by 6.5% during the 1st quarter. Stephens Inc. AR now owns 7,317 shares of the transportation company's stock valued at $205,000 after buying an additional 444 shares during the period. Matrix Trust Co raised its holdings 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 valued at $221,000 after buying an additional 2,965 shares during the period. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in shares of Trinity Industries during the 4th quarter valued at about $225,000. 86.57% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TRN has been the topic of several analyst reports. 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 Trinity Industries from $26.00 to $24.00 and set a "neutral" rating on the stock in a report on Tuesday, July 29th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $27.50.

Trinity Industries Stock Performance

Shares of TRN traded down $0.26 during mid-day trading on Friday, hitting $28.35. The stock had a trading volume of 57,835 shares, compared to its average volume of 619,943. The company has a market cap of $2.29 billion, a PE ratio of 24.84 and a beta of 1.49. The company's fifty day simple moving average is $27.21 and its two-hundred day simple moving average is $27.45. The company has a quick ratio of 1.01, a current ratio of 1.96 and a debt-to-equity ratio of 4.66. 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 issued its earnings results on Thursday, July 31st. The transportation company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.12). The firm had revenue of $506.20 million during the quarter, compared to analyst estimates of $589.96 million. Trinity Industries had a return on equity of 8.49% and a net margin of 3.83%.Trinity Industries's revenue was down 39.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.66 EPS. Trinity Industries has set its FY 2025 guidance at 1.400-1.60 EPS. On average, equities analysts expect that Trinity Industries, Inc. will post 1.65 earnings per share for the current year.

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.