Trinity Industries (NYSE:TRN) Price Target Cut to $24.00 by Analysts at Susquehanna

Trinity Industries (NYSE:TRN - Get Free Report) had its target price dropped by equities researchers at Susquehanna from $35.00 to $24.00 in a note issued to investors on Tuesday, MarketBeat reports. The firm currently has a "neutral" rating on the transportation company's stock. Susquehanna's price objective would suggest a potential downside of 4.38% from the stock's current price.

Separately, The Goldman Sachs Group lowered their target price on shares of Trinity Industries from $36.00 to $31.00 and set a "neutral" rating for the company in a report on Thursday, April 17th.

Trinity Industries Stock Down 0.6 %

Shares of TRN stock traded down $0.15 on Tuesday, reaching $25.10. 302,413 shares of the stock were exchanged, compared to its average volume of 574,279. The company has a market capitalization of $2.05 billion, a price-to-earnings ratio of 15.30 and a beta of 1.49. The business's 50 day moving average price is $28.06 and its 200 day moving average price is $33.59. The company has a current ratio of 1.80, a quick ratio of 1.08 and a debt-to-equity ratio of 4.35. Trinity Industries has a twelve month low of $23.50 and a twelve month high of $39.83.

Trinity Industries (NYSE:TRN - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The transportation company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.01. Trinity Industries had a return on equity of 11.78% and a net margin of 4.49%. The business had revenue of $629.40 million during the quarter, compared to analysts' expectations of $589.30 million. As a group, sell-side analysts expect that Trinity Industries will post 1.65 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Gregory B. Mitchell sold 9,286 shares of Trinity Industries stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $31.02, for a total value of $288,051.72. Following the transaction, the executive vice president now directly owns 111,879 shares in the company, valued at $3,470,486.58. This trade represents a 7.66 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.00% of the stock is owned by company insiders.

Institutional Trading of Trinity Industries

Several hedge funds and other institutional investors have recently made changes to their positions in TRN. Sanctuary Advisors LLC increased its position in Trinity Industries by 3.5% during the 3rd quarter. Sanctuary Advisors LLC now owns 10,005 shares of the transportation company's stock worth $376,000 after purchasing an additional 338 shares during the period. Arizona State Retirement System grew its stake in shares of Trinity Industries by 1.5% during the 4th quarter. Arizona State Retirement System now owns 23,928 shares of the transportation company's stock worth $840,000 after purchasing an additional 364 shares during the period. Jones Financial Companies Lllp lifted its stake in shares of Trinity Industries by 15.3% in the fourth quarter. Jones Financial Companies Lllp now owns 2,997 shares of the transportation company's stock valued at $105,000 after purchasing an additional 398 shares during the period. Illinois Municipal Retirement Fund boosted its holdings in Trinity Industries by 1.1% during the first quarter. Illinois Municipal Retirement Fund now owns 44,168 shares of the transportation company's stock worth $1,239,000 after buying an additional 462 shares in the last quarter. Finally, Summit Investment Advisors Inc. increased its holdings in Trinity Industries by 6.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 8,550 shares of the transportation company's stock valued at $300,000 after buying an additional 543 shares in the last quarter. Hedge funds and other institutional investors own 86.57% of the company's stock.

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.