Charles Schwab Investment Management Inc. Sells 51,195 Shares of Trinity Industries, Inc. $TRN

Key Points

• Charles Schwab Investment Management Inc. reduced its stake in Trinity Industries by 3.8% in the first quarter, holding approximately 1.57% of the company, valued at $36 million.
• Several institutional investors, including Wealth Enhancement Advisory Services and Fifth Third Bancorp, significantly increased their holdings, with Wealth Enhancement expanding by 1,142.3%.
• Trinity Industries reported earnings of $0.19 per share, missing the consensus estimate and showing a 39.8% decline in revenue compared to the previous year.

Charles Schwab Investment Management Inc. trimmed its position in shares of Trinity Industries, Inc. (NYSE:TRN - Free Report) by 3.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,283,572 shares of the transportation company's stock after selling 51,195 shares during the period. Charles Schwab Investment Management Inc. owned 1.57% of Trinity Industries worth $36,017,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jennison Associates LLC grew its position 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 worth $102,739,000 after purchasing an additional 73,160 shares in the last quarter. Encompass Capital Advisors LLC grew its holdings in shares of 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 valued at $69,929,000 after buying an additional 285,237 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Trinity Industries by 33.6% during the fourth quarter. Northern Trust Corp now owns 1,172,036 shares of the transportation company's stock valued at $41,138,000 after buying an additional 295,054 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Trinity Industries by 5.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 944,030 shares of the transportation company's stock valued at $33,136,000 after buying an additional 50,767 shares in the last quarter. Finally, Nuveen Asset Management LLC grew its holdings in shares of Trinity Industries by 14.8% during the fourth quarter. Nuveen Asset Management LLC now owns 819,337 shares of the transportation company's stock valued at $28,759,000 after buying an additional 105,374 shares in the last quarter. 86.57% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TRN has been the topic of several research analyst reports. Wall Street Zen cut Trinity Industries from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. Susquehanna lowered their price objective 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 research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $27.50.

Trinity Industries Stock Up 4.1%

NYSE TRN traded up $1.1440 on Friday, reaching $29.0040. The stock had a trading volume of 550,929 shares, compared to its average volume of 915,260. The business has a 50 day moving average price of $27.01 and a 200 day moving average price of $27.69. 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 1 year low of $22.38 and a 1 year high of $39.83. The company has a market capitalization of $2.34 billion, a price-to-earnings ratio of 25.44 and a beta of 1.49.

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

Trinity Industries 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.