Trexquant Investment LP Has $3.08 Million Stock Position in Trinity Industries, Inc. $TRN

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 reduced its position in shares of Trinity Industries, Inc. (NYSE:TRN - Free Report) by 28.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 109,917 shares of the transportation company's stock after selling 43,177 shares during the period. Trexquant Investment LP owned approximately 0.13% of Trinity Industries worth $3,084,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. grew its stake in shares of Trinity Industries by 2.3% during the first quarter. Principal Financial Group Inc. now owns 410,122 shares of the transportation company's stock worth $11,508,000 after buying an additional 9,395 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Trinity Industries by 1,142.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 85,199 shares of the transportation company's stock worth $2,391,000 after buying an additional 78,341 shares during the last quarter. Fifth Third Bancorp grew its stake in shares of Trinity Industries by 3,212.1% during the first quarter. Fifth Third Bancorp now owns 12,023 shares of the transportation company's stock worth $337,000 after buying an additional 11,660 shares during the last quarter. Twelve Points Wealth Management LLC grew its stake in shares of Trinity Industries by 23.4% during the first quarter. Twelve Points Wealth Management LLC now owns 51,898 shares of the transportation company's stock worth $1,456,000 after buying an additional 9,840 shares during the last quarter. Finally, Jump Financial LLC bought a new stake in shares of Trinity Industries during the first quarter worth $349,000. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Susquehanna decreased their target price on shares of Trinity Industries from $26.00 to $24.00 and set a "neutral" rating on the stock in a research note 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 investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Trinity Industries presently has a consensus rating of "Hold" and a consensus price target of $27.50.

Trinity Industries Trading Down 1.3%

TRN traded down $0.37 during trading on Monday, reaching $28.20. 46,454 shares of the stock traded hands, compared to its average volume of 616,503. The company has a quick ratio of 1.01, a current ratio of 1.96 and a debt-to-equity ratio of 4.66. The stock has a market capitalization of $2.28 billion, a PE ratio of 24.68 and a beta of 1.52. The stock's 50-day moving average is $27.44 and its 200 day moving average is $27.09. Trinity Industries, Inc. has a 12 month low of $22.38 and a 12 month 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 EPS for the quarter, missing analysts' consensus estimates of $0.31 by ($0.12). The firm had revenue of $506.20 million for 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%. The business's revenue was down 39.8% compared to the same quarter last year. During the same period last year, the company posted $0.66 EPS. Trinity Industries has set its FY 2025 guidance at 1.400-1.60 EPS. Equities analysts anticipate that Trinity Industries, Inc. will post 1.65 earnings per share for the current year.

Trinity Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Wednesday, October 15th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a $1.20 dividend on an annualized basis and a yield of 4.3%. Trinity Industries's dividend payout ratio is 105.26%.

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.