Trinity Industries, Inc. $TRN Shares Purchased by AlphaQuest LLC

Key Points

• AlphaQuest LLC significantly increased its stake in Trinity Industries by 14,884.6%, now owning 27,272 shares valued at $765,000.
• Trinity Industries reported earnings per share (EPS) of $0.19, missing consensus estimates of $0.31, with revenue down 39.8% year-over-year.
• Equities analysts have recently downgraded Trinity Industries, with Susquehanna reducing their price target from $26 to $24 and changing their rating to "neutral."

AlphaQuest LLC lifted its position in Trinity Industries, Inc. (NYSE:TRN - Free Report) by 14,884.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 27,272 shares of the transportation company's stock after buying an additional 27,090 shares during the period. AlphaQuest LLC's holdings in Trinity Industries were worth $765,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Principal Financial Group Inc. grew its position in shares of Trinity Industries by 2.3% in the 1st 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 position in shares of Trinity Industries by 1,142.3% in the 1st 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 position in shares of Trinity Industries by 3,212.1% in the 1st 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 position in Trinity Industries by 23.4% during the 1st quarter. Twelve Points Wealth Management LLC now owns 51,898 shares of the transportation company's stock worth $1,456,000 after purchasing an additional 9,840 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Trinity Industries during the 1st quarter worth approximately $404,000. Hedge funds and other institutional investors own 86.57% of the company's stock.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Wall Street Zen raised shares of Trinity Industries from a "sell" rating to a "hold" rating in a research report on Saturday. 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 research report on Tuesday, July 29th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $27.50.

Trinity Industries Stock Performance

Shares of TRN stock traded down $0.25 during trading hours on Friday, hitting $28.37. The company's stock had a trading volume of 518,077 shares, compared to its average volume of 801,835. The company has a 50 day moving average of $27.26 and a 200 day moving average of $27.33. The stock has a market cap of $2.29 billion, a PE ratio of 24.88 and a beta of 1.49. 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 12-month low of $22.38 and a 12-month high of $39.83.

Trinity Industries (NYSE:TRN - Get Free Report) last released its quarterly earnings data 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 business had revenue of $506.20 million during the quarter, compared to analysts' expectations of $589.96 million. Trinity Industries had a net margin of 3.83% and a return on equity of 8.49%. The firm's revenue was down 39.8% on a year-over-year basis. During the same period last year, the company earned $0.66 earnings per share. Trinity Industries has set its FY 2025 guidance at 1.400-1.60 EPS. On average, sell-side analysts forecast that Trinity Industries, Inc. will post 1.65 EPS for the current fiscal 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.