Trinity Industries, Inc. $TRN Shares Sold by Trexquant Investment LP

Key Points

• Trexquant Investment LP reduced its stake in Trinity Industries, Inc. by 28.2%, selling 43,177 shares and now holding approximately 0.13% of the company.
• Trinity Industries reported disappointing financial results, with $0.19 EPS for the quarter, missing estimates by ($0.12) and experiencing a 39.8% decline in revenue compared to the previous year.
• Analysts have mixed views on Trinity Industries, with a consensus rating of "Hold" and a target price of $27.50, while some reports have downgraded their predictions for the company's stock.

Trexquant Investment LP trimmed its position in Trinity Industries, Inc. (NYSE:TRN - Free Report) by 28.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 109,917 shares of the transportation company's stock after selling 43,177 shares during the quarter. Trexquant Investment LP owned approximately 0.13% of Trinity Industries worth $3,084,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Headlands Technologies LLC raised its stake in Trinity Industries by 3,418.2% during the 1st quarter. Headlands Technologies LLC now owns 1,548 shares of the transportation company's stock worth $43,000 after acquiring an additional 1,504 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Trinity Industries by 97.4% in the first quarter. Russell Investments Group Ltd. now owns 3,604 shares of the transportation company's stock valued at $101,000 after acquiring an additional 1,778 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Trinity Industries in the fourth quarter valued at about $225,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Trinity Industries in the fourth quarter valued at about $241,000. Finally, Stephens Inc. AR boosted its holdings in Trinity Industries by 6.5% during the first quarter. Stephens Inc. AR now owns 7,317 shares of the transportation company's stock worth $205,000 after buying an additional 444 shares in the last quarter. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Trinity Industries Stock Down 0.0%

TRN stock traded down $0.01 during mid-day trading on Friday, hitting $28.59. 408,059 shares of the company were exchanged, compared to its average volume of 591,127. The company has a market capitalization of $2.31 billion, a PE ratio of 25.07 and a beta of 1.53. The company has a current ratio of 1.96, a quick ratio of 1.01 and a debt-to-equity ratio of 4.66. Trinity Industries, Inc. has a twelve month low of $22.38 and a twelve month high of $39.83. The firm has a fifty day simple moving average of $27.44 and a 200 day simple moving average of $27.16.

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 for 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% on a year-over-year basis. During the same period in the prior year, the business earned $0.66 earnings per share. Trinity Industries has set its FY 2025 guidance at 1.400-1.60 EPS. On average, research analysts forecast that Trinity Industries, Inc. will post 1.65 earnings per share for the current fiscal year.

Trinity Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Wednesday, October 15th will be paid a dividend of $0.30 per share. The ex-dividend date is Wednesday, October 15th. This represents a $1.20 annualized dividend and a yield of 4.2%. Trinity Industries's dividend payout ratio is 105.26%.

Wall Street Analyst Weigh In

A number of analysts recently commented on TRN shares. Susquehanna decreased 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 raised shares of Trinity Industries from a "sell" rating to a "hold" rating in a research note on Saturday, August 30th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Trinity Industries presently has an average rating of "Hold" and a consensus target price of $27.50.

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.