Truvestments Capital LLC Purchases New Position in Trinity Industries, Inc. $TRN

Key Points

• Truvestments Capital LLC has acquired a new stake in Trinity Industries, Inc., purchasing 83,400 shares valued at approximately $2.34 million, representing about 0.10% of the company.
• Trinity Industries reported a earnings per share (EPS) of $0.19 for the last quarter, missing the consensus estimate by $0.12, and its revenue declined by 39.8% year-over-year.
• Several hedge funds have significantly increased their holdings in Trinity Industries, with institutional investors now owning 86.57% of the company's stock.

Truvestments Capital LLC bought a new stake in Trinity Industries, Inc. (NYSE:TRN - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 83,400 shares of the transportation company's stock, valued at approximately $2,340,000. Truvestments Capital LLC owned 0.10% of Trinity Industries as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Stephens Inc. AR lifted its holdings in Trinity Industries by 6.5% in the first quarter. Stephens Inc. AR now owns 7,317 shares of the transportation company's stock valued at $205,000 after buying an additional 444 shares during the period. Illinois Municipal Retirement Fund lifted its holdings in Trinity Industries by 1.1% in the first quarter. Illinois Municipal Retirement Fund now owns 44,168 shares of the transportation company's stock valued at $1,239,000 after buying an additional 462 shares during the period. Centiva Capital LP raised its holdings in shares of Trinity Industries by 12.7% during the fourth quarter. Centiva Capital LP now owns 10,106 shares of the transportation company's stock valued at $355,000 after purchasing an additional 1,142 shares during the period. Cerity Partners LLC raised its holdings in shares of Trinity Industries by 8.2% during the first quarter. Cerity Partners LLC now owns 15,794 shares of the transportation company's stock valued at $443,000 after purchasing an additional 1,191 shares during the period. Finally, Headlands Technologies LLC raised its holdings in shares of Trinity Industries by 3,418.2% during 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 during the period. Institutional investors and hedge funds own 86.57% of the company's stock.

Trinity Industries Stock Down 0.9%

Shares of NYSE:TRN traded down $0.25 during midday trading on Monday, hitting $28.37. 518,077 shares of the company's stock were exchanged, compared to its average volume of 762,316. The company has a debt-to-equity ratio of 4.66, a current ratio of 1.96 and a quick ratio of 1.01. The stock has a 50 day moving average price of $27.26 and a 200-day moving average price of $27.27. The company has a market cap of $2.29 billion, a PE ratio of 24.88 and a beta of 1.52. 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 posted its 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 business had revenue of $506.20 million for the quarter, compared to the consensus estimate of $589.96 million. Trinity Industries had a return on equity of 8.49% and a net margin of 3.83%.The company's revenue was down 39.8% on a year-over-year basis. During the same period in the previous year, the firm 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 anticipate that Trinity Industries, Inc. will post 1.65 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TRN. Wall Street Zen upgraded shares of Trinity Industries from a "sell" rating to a "hold" rating in a report on Saturday. Susquehanna dropped their price objective on shares of Trinity Industries from $26.00 to $24.00 and set a "neutral" rating on the stock in a report on Tuesday, July 29th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, Trinity Industries currently has an average rating of "Hold" and an average target price of $27.50.

About Trinity Industries

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.