Trinity Industries, Inc. $TRN Shares Acquired 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 increased its holdings in shares of Trinity Industries, Inc. (NYSE:TRN - Free Report) by 14,884.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,272 shares of the transportation company's stock after purchasing 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.

A number of other large investors have also recently bought and sold shares of TRN. Nuveen LLC acquired a new stake in Trinity Industries during the 1st quarter worth $22,940,000. Invesco Ltd. boosted its stake in Trinity Industries by 48.5% during the 1st quarter. Invesco Ltd. now owns 1,281,326 shares of the transportation company's stock worth $35,954,000 after purchasing an additional 418,371 shares during the period. American Century Companies Inc. boosted its stake in Trinity Industries by 15.9% during the 1st quarter. American Century Companies Inc. now owns 2,534,417 shares of the transportation company's stock worth $71,116,000 after purchasing an additional 347,051 shares during the period. Northern Trust Corp lifted its stake in shares of Trinity Industries by 33.6% in the 4th quarter. Northern Trust Corp now owns 1,172,036 shares of the transportation company's stock worth $41,138,000 after acquiring an additional 295,054 shares during the period. Finally, Encompass Capital Advisors LLC lifted its stake in shares of Trinity Industries by 16.7% in the 4th quarter. Encompass Capital Advisors LLC now owns 1,992,281 shares of the transportation company's stock worth $69,929,000 after acquiring an additional 285,237 shares during the period. Institutional investors and hedge funds own 86.57% of the company's stock.

Analysts Set New Price Targets

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

Trinity Industries Price Performance

Shares of Trinity Industries stock traded down $0.18 during trading on Thursday, hitting $28.62. 527,439 shares of the company were exchanged, compared to its average volume of 623,434. Trinity Industries, Inc. has a fifty-two week low of $22.38 and a fifty-two week high of $39.83. 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 firm has a 50 day moving average price of $27.16 and a 200 day moving average price of $27.51. The stock has a market capitalization of $2.31 billion, a price-to-earnings ratio of 25.10 and a beta of 1.49.

Trinity Industries (NYSE:TRN - Get Free Report) last released its quarterly earnings results 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). Trinity Industries had a return on equity of 8.49% and a net margin of 3.83%.The company had revenue of $506.20 million for the quarter, compared to analysts' expectations of $589.96 million. During the same period in the previous year, the business posted $0.66 EPS. The business's quarterly revenue was down 39.8% on a year-over-year basis. 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 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.