Susquehanna Has Lowered Expectations for Trinity Industries (NYSE:TRN) Stock Price

Key Points

• Susquehanna has lowered its price target for Trinity Industries from $26.00 to $24.00, indicating a potential downside of 8.78% based on the stock’s previous close and maintaining a "neutral" rating.
• Goldman Sachs has also reduced their target price for Trinity Industries from $36.00 to $31.00, further reaffirming a "neutral" rating for the transportation company.
• Trinity Industries reported earnings per share of $0.29, missing analyst expectations of $0.33, with quarterly revenues down 27.7% year-over-year at $585.40 million.

Trinity Industries (NYSE:TRN - Free Report) had its price objective cut by Susquehanna from $26.00 to $24.00 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have a neutral rating on the transportation company's stock.

Separately, The Goldman Sachs Group lowered their price target on 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 Trading Down 1.2%

Shares of NYSE:TRN traded down $0.30 during trading hours on Tuesday, hitting $24.99. 981,641 shares of the company's stock traded hands, compared to its average volume of 606,092. Trinity Industries has a 1 year low of $23.01 and a 1 year high of $39.83. The business has a fifty day moving average price of $26.60 and a 200-day moving average price of $28.98. The firm has a market capitalization of $2.04 billion, a P/E ratio of 15.43 and a beta of 1.45. The company has a debt-to-equity ratio of 4.32, a current ratio of 1.70 and a quick ratio of 0.87.

Trinity Industries (NYSE:TRN - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The transportation company reported $0.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.33 by ($0.04). The firm had revenue of $585.40 million during the quarter, compared to analysts' expectations of $614.02 million. Trinity Industries had a net margin of 4.79% and a return on equity of 11.47%. The firm's revenue for the quarter was down 27.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.33 EPS. Equities analysts expect that Trinity Industries will post 1.65 earnings per share for the current year.

Trinity Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Tuesday, July 15th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 4.80%. The ex-dividend date is Tuesday, July 15th. Trinity Industries's dividend payout ratio (DPR) is 74.07%.

Hedge Funds Weigh In On Trinity Industries

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Trinity Industries by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 10,099,602 shares of the transportation company's stock worth $354,496,000 after buying an additional 126,139 shares in the last quarter. Capital International Investors increased its position in shares of Trinity Industries by 1.1% during the fourth quarter. Capital International Investors now owns 5,450,669 shares of the transportation company's stock worth $191,388,000 after purchasing an additional 61,901 shares in the last quarter. Jennison Associates LLC increased its position in shares of Trinity Industries by 2.0% during the first 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. American Century Companies Inc. increased its position in shares of Trinity Industries by 15.9% during the first quarter. American Century Companies Inc. now owns 2,534,417 shares of the transportation company's stock worth $71,116,000 after purchasing an additional 347,051 shares in the last quarter. Finally, Encompass Capital Advisors LLC increased its position 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 worth $69,929,000 after purchasing an additional 285,237 shares in the last quarter. 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.