Trinity Industries, Inc. (NYSE:TRN - Get Free Report) shares fell 3.6% on Tuesday after Susquehanna lowered their price target on the stock from $35.00 to $24.00. Susquehanna currently has a neutral rating on the stock. Trinity Industries traded as low as $24.19 and last traded at $24.11. 75,891 shares traded hands during trading, a decline of 87% from the average session volume of 580,818 shares. The stock had previously closed at $25.00.
Separately, The Goldman Sachs Group dropped their target price on Trinity Industries from $36.00 to $31.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th.
Check Out Our Latest Analysis on TRN
Insider Transactions at Trinity Industries
In other news, EVP Gregory B. Mitchell sold 9,286 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $31.02, for a total transaction of $288,051.72. Following the sale, the executive vice president now owns 111,879 shares of the company's stock, valued at $3,470,486.58. The trade was a 7.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.00% of the company's stock.
Institutional Investors Weigh In On Trinity Industries
Large investors have recently added to or reduced their stakes in the business. Illinois Municipal Retirement Fund lifted its holdings in shares of 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 purchasing an additional 462 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Trinity Industries by 1,142.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 85,199 shares of the transportation company's stock valued at $2,391,000 after buying an additional 78,341 shares in the last quarter. Fifth Third Bancorp lifted its stake in Trinity Industries by 3,212.1% in the 1st quarter. Fifth Third Bancorp now owns 12,023 shares of the transportation company's stock valued at $337,000 after buying an additional 11,660 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Trinity Industries during the 1st quarter valued at $404,000. Finally, Harbor Capital Advisors Inc. raised its holdings in shares of Trinity Industries by 5,200.7% in the first quarter. Harbor Capital Advisors Inc. now owns 23,323 shares of the transportation company's stock worth $654,000 after acquiring an additional 22,883 shares during the last quarter. 86.57% of the stock is owned by institutional investors and hedge funds.
Trinity Industries Price Performance
The company has a debt-to-equity ratio of 4.35, a current ratio of 1.80 and a quick ratio of 1.08. The firm has a market capitalization of $2.05 billion, a PE ratio of 15.30 and a beta of 1.49. The company has a 50-day moving average price of $28.06 and a 200-day moving average price of $33.59.
Trinity Industries (NYSE:TRN - Get Free Report) last released its earnings results on Thursday, February 20th. The transportation company reported $0.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.38 by $0.01. The company had revenue of $629.40 million for the quarter, compared to analyst estimates of $589.30 million. Trinity Industries had a net margin of 4.49% and a return on equity of 11.78%. Sell-side analysts forecast that Trinity Industries, Inc. will post 1.65 EPS for the current year.
Trinity Industries Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.78%. The ex-dividend date is Tuesday, April 15th. Trinity Industries's dividend payout ratio is presently 73.17%.
About Trinity Industries
(
Get Free Report)
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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