Trinity Industries, Inc. $TRN Shares Sold by Gamco Investors INC. ET AL

Key Points

• Gamco Investors has reduced its stake in Trinity Industries by 1.6%, holding 1,109,785 shares valued at approximately $31 million after selling 18,160 shares this quarter.
• Trinity Industries reported earnings per share (EPS) of $0.19 for the last quarter, falling short of analysts' expectations of $0.31, while revenues decreased by 39.8% year-over-year.
• Analysts have downgraded Trinity Industries from a "hold" to a "sell" rating, with a consensus target price of $27.50 for the stock.

Gamco Investors INC. ET AL cut its position in Trinity Industries, Inc. (NYSE:TRN - Free Report) by 1.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,109,785 shares of the transportation company's stock after selling 18,160 shares during the period. Gamco Investors INC. ET AL owned 1.36% of Trinity Industries worth $31,141,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in TRN. Nuveen LLC acquired a new stake in shares of Trinity Industries in the first quarter worth approximately $22,940,000. Invesco Ltd. boosted its stake in shares of Trinity Industries by 48.5% in the first quarter. Invesco Ltd. now owns 1,281,326 shares of the transportation company's stock worth $35,954,000 after acquiring an additional 418,371 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Trinity Industries by 15.9% in the first quarter. American Century Companies Inc. now owns 2,534,417 shares of the transportation company's stock worth $71,116,000 after acquiring an additional 347,051 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Trinity Industries by 33.6% in the fourth 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 last quarter. Finally, Encompass Capital Advisors LLC lifted its position in Trinity Industries by 16.7% during the fourth quarter. Encompass Capital Advisors LLC now owns 1,992,281 shares of the transportation company's stock worth $69,929,000 after buying an additional 285,237 shares in the last quarter. 86.57% of the stock is owned by institutional investors and hedge funds.

Trinity Industries Price Performance

NYSE:TRN opened at $28.4550 on Tuesday. 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 company has a market capitalization of $2.30 billion, a P/E ratio of 24.96 and a beta of 1.49. Trinity Industries, Inc. has a 52 week low of $22.38 and a 52 week high of $39.83. The stock's fifty day moving average is $27.06 and its two-hundred day moving average is $27.49.

Trinity Industries (NYSE:TRN - Get Free Report) last posted its quarterly earnings data 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). The firm 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%. Trinity Industries's quarterly revenue was down 39.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.66 EPS. Trinity Industries has set its FY 2025 guidance at 1.400-1.60 EPS. Equities analysts expect that Trinity Industries, Inc. will post 1.65 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Wall Street Zen downgraded Trinity Industries from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. Susquehanna reduced their price objective on 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, According to MarketBeat.com, Trinity Industries has a consensus rating of "Hold" and a consensus target price of $27.50.

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.

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