Trinity Industries, Inc. $TRN Shares Bought by Invesco Ltd.

Key Points

• Invesco Ltd. increased its holdings in Trinity Industries, Inc. by 48.5%, owning 1.57% of the company, valued at approximately $35.95 million.
• Trinity reported earnings of $0.19 per share, falling short of analyst expectations of $0.31, and saw a significant year-over-year revenue decline of 39.8%.
• Several institutional investors, including Wells Fargo and Cerity Partners, increased their stakes in Trinity Industries, with institutional ownership now at 86.57%.

Invesco Ltd. increased its stake in Trinity Industries, Inc. (NYSE:TRN - Free Report) by 48.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,281,326 shares of the transportation company's stock after purchasing an additional 418,371 shares during the period. Invesco Ltd. owned 1.57% of Trinity Industries worth $35,954,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in TRN. Jennison Associates LLC raised its stake in Trinity Industries by 2.0% during the 1st quarter. Jennison Associates LLC now owns 3,661,394 shares of the transportation company's stock valued at $102,739,000 after acquiring an additional 73,160 shares in the last quarter. Encompass Capital Advisors LLC raised its stake in Trinity Industries by 16.7% during the 4th quarter. Encompass Capital Advisors LLC now owns 1,992,281 shares of the transportation company's stock valued at $69,929,000 after acquiring an additional 285,237 shares in the last quarter. Northern Trust Corp raised its stake in Trinity Industries by 33.6% during the 4th quarter. Northern Trust Corp now owns 1,172,036 shares of the transportation company's stock valued at $41,138,000 after acquiring an additional 295,054 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Trinity Industries by 5.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 944,030 shares of the transportation company's stock valued at $33,136,000 after acquiring an additional 50,767 shares in the last quarter. Finally, Nuveen Asset Management LLC raised its stake in Trinity Industries by 14.8% during the 4th quarter. Nuveen Asset Management LLC now owns 819,337 shares of the transportation company's stock valued at $28,759,000 after acquiring an additional 105,374 shares in the last quarter. Institutional investors own 86.57% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on TRN. Wall Street Zen downgraded Trinity Industries from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. Susquehanna cut their target price on Trinity Industries from $26.00 to $24.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 29th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Trinity Industries presently has an average rating of "Hold" and an average target price of $27.50.

Trinity Industries Price Performance

Shares of TRN stock traded up $1.1440 during mid-day trading on Friday, hitting $29.0040. 550,929 shares of the stock traded hands, compared to its average volume of 915,260. Trinity Industries, Inc. has a twelve month low of $22.38 and a twelve month high of $39.83. The firm has a market cap of $2.34 billion, a price-to-earnings ratio of 25.44 and a beta of 1.49. The company's 50-day simple moving average is $27.01 and its 200-day simple moving average is $27.62. The company has a debt-to-equity ratio of 4.66, a quick ratio of 1.01 and a current ratio of 1.96.

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 (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.12). Trinity Industries had a net margin of 3.83% and a return on equity of 8.49%. The firm had revenue of $506.20 million for the quarter, compared to analyst estimates of $589.96 million. During the same quarter last year, the business posted $0.66 earnings per share. The firm's revenue for the quarter was down 39.8% compared to the same quarter last year. Trinity Industries has set its FY 2025 guidance at 1.400-1.60 EPS. As a group, equities research analysts expect that Trinity Industries, Inc. will post 1.65 earnings per share for the current year.

About Trinity Industries

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.