Truvestments Capital LLC Takes $2.34 Million 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 acquired a new stake in shares of 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 institutional investor acquired 83,400 shares of the transportation company's stock, valued at approximately $2,340,000. Truvestments Capital LLC owned approximately 0.10% of Trinity Industries as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Headlands Technologies LLC increased 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 acquiring an additional 1,504 shares in the last quarter. Russell Investments Group Ltd. increased its holdings 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 valued at $101,000 after acquiring an additional 1,778 shares in the last quarter. Stephens Inc. AR increased its holdings 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 valued at $205,000 after acquiring an additional 444 shares in the last quarter. Matrix Trust Co increased its holdings 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 valued at $221,000 after acquiring an additional 2,965 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV acquired a new position in shares of Trinity Industries during the fourth quarter valued at about $225,000. Institutional investors and hedge funds own 86.57% of the company's stock.

Trinity Industries Price Performance

Shares of NYSE TRN opened at $28.61 on Wednesday. The business's 50 day moving average price is $27.11 and its 200 day moving average price is $27.50. The firm has a market cap of $2.31 billion, a P/E ratio of 25.09 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 company has a quick ratio of 1.01, a current ratio of 1.96 and a debt-to-equity ratio of 4.66.

Trinity Industries (NYSE:TRN - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The transportation company reported $0.19 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 quarter in the prior year, the company posted $0.66 EPS. The company's revenue for the quarter 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, sell-side analysts expect that Trinity Industries, Inc. will post 1.65 earnings per share for the current year.

Wall Street Analyst Weigh In

TRN has been the topic of a number of recent research reports. Susquehanna dropped their target price 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. Wall Street Zen lowered Trinity Industries from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Trinity Industries presently has a consensus rating of "Hold" and a consensus price target of $27.50.

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.

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