Vanguard Group Inc. Lowers Position in Trinity Industries, Inc. $TRN

Key Points

• Vanguard Group Inc. has reduced its stake in Trinity Industries by 2.3%, now owning approximately 12.09% of the company, valued at $276.8 million after selling 235,057 shares in the first quarter.
• Analysts have lowered their ratings and price targets for Trinity Industries, with Wall Street Zen downgrading the stock from "hold" to "sell" and Susquehanna reducing the price objective from $26.00 to $24.00.
• Trinity Industries reported disappointing earnings, with a quarterly revenue decline of 39.8% year-over-year and earnings per share of $0.19, missing analyst estimates of $0.31.

Vanguard Group Inc. lessened its position in Trinity Industries, Inc. (NYSE:TRN - Free Report) by 2.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,864,545 shares of the transportation company's stock after selling 235,057 shares during the quarter. Vanguard Group Inc. owned approximately 12.09% of Trinity Industries worth $276,799,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mercer Global Advisors Inc. ADV purchased a new position in shares of Trinity Industries in the 4th quarter valued at approximately $225,000. Farringdon Capital Ltd. purchased a new position in shares of Trinity Industries in the 4th quarter valued at approximately $230,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Trinity Industries in the 4th quarter valued at approximately $241,000. Stephens Inc. AR lifted its stake in shares of Trinity Industries by 6.5% in the 1st quarter. Stephens Inc. AR now owns 7,317 shares of the transportation company's stock valued at $205,000 after purchasing an additional 444 shares during the period. Finally, Matrix Trust Co lifted its stake in shares of Trinity Industries by 60.2% in the 1st quarter. Matrix Trust Co now owns 7,888 shares of the transportation company's stock valued at $221,000 after purchasing an additional 2,965 shares during the period. Hedge funds and other institutional investors own 86.57% of the company's stock.

Analysts Set New Price Targets

TRN has been the subject of a number of analyst reports. Wall Street Zen lowered 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 for the company in a research report on Tuesday, July 29th.

Trinity Industries Stock Down 2.1%

TRN stock opened at $27.42 on Monday. Trinity Industries, Inc. has a twelve month low of $22.38 and a twelve month 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. The firm has a market cap of $2.22 billion, a PE ratio of 24.05 and a beta of 1.49. The business has a 50 day moving average of $26.84 and a 200 day moving average of $27.87.

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 for the quarter, missing analysts' consensus estimates of $0.31 by ($0.12). The company had revenue of $506.20 million for 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 firm's quarterly revenue was down 39.8% on a year-over-year basis. During the same period last year, the business earned $0.66 EPS. On average, research analysts forecast that Trinity Industries, Inc. will post 1.65 EPS for the current fiscal 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.

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