Gamco Investors INC. ET AL Sells 18,160 Shares of Trinity Industries, Inc. $TRN

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 reduced its stake 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 institutional investor owned 1,109,785 shares of the transportation company's stock after selling 18,160 shares during the quarter. Gamco Investors INC. ET AL owned about 1.36% of Trinity Industries worth $31,141,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Headlands Technologies LLC raised its stake in Trinity Industries by 3,418.2% in the first quarter. Headlands Technologies LLC now owns 1,548 shares of the transportation company's stock valued at $43,000 after purchasing an additional 1,504 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of Trinity Industries by 97.4% during the first quarter. Russell Investments Group Ltd. now owns 3,604 shares of the transportation company's stock worth $101,000 after acquiring an additional 1,778 shares in the last quarter. Stephens Inc. AR raised its stake in shares of Trinity Industries by 6.5% during the first quarter. Stephens Inc. AR now owns 7,317 shares of the transportation company's stock worth $205,000 after acquiring an additional 444 shares in the last quarter. Matrix Trust Co raised its stake in shares of Trinity Industries by 60.2% during the first quarter. Matrix Trust Co now owns 7,888 shares of the transportation company's stock worth $221,000 after acquiring an additional 2,965 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV purchased a new position in shares of Trinity Industries during the fourth quarter worth approximately $225,000. 86.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on TRN shares. Wall Street Zen raised shares of Trinity Industries from a "sell" rating to a "hold" rating in a research note on Saturday. Susquehanna decreased their price target 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. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $27.50.

Trinity Industries Stock Down 0.9%

Trinity Industries stock traded down $0.25 on Friday, hitting $28.37. 518,077 shares of the stock traded hands, compared to its average volume of 801,835. The company has a current ratio of 1.96, a quick ratio of 1.01 and a debt-to-equity ratio of 4.66. The firm has a market cap of $2.29 billion, a P/E ratio of 24.88 and a beta of 1.49. The business's fifty day simple moving average is $27.26 and its 200 day simple moving average is $27.33. Trinity Industries, Inc. has a 1 year low of $22.38 and a 1 year high of $39.83.

Trinity Industries (NYSE:TRN - Get Free Report) last posted 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 return on equity of 8.49% and a net margin of 3.83%.The company had revenue of $506.20 million during the quarter, compared to analysts' expectations of $589.96 million. During the same period in the prior year, the firm earned $0.66 EPS. Trinity Industries'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, sell-side analysts forecast that Trinity Industries, Inc. will post 1.65 earnings per share for the current 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.