Trinity Industries (NYSE:TRN) Raised to Hold at Wall Street Zen

Key Points

• Trinity Industries was upgraded by Wall Street Zen from a "sell" to a "hold" rating, indicating a more cautious but optimistic outlook for the stock.
• Susquehanna has lowered its price target on Trinity stock from $26.00 to $24.00 while maintaining a "neutral" rating, reflecting concerns about the company's recent performance.
• Trinity reported a 39.8% decline in revenue year-over-year and posted earnings per share of $0.19, falling short of analysts' expectations of $0.31.

Wall Street Zen upgraded shares of Trinity Industries (NYSE:TRN - Free Report) from a sell rating to a hold rating in a research note published on Saturday morning.

Separately, Susquehanna cut their target price on shares of Trinity Industries from $26.00 to $24.00 and set a "neutral" rating on the stock in a report on Tuesday, July 29th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $27.50.

Trinity Industries Stock Performance

Shares of Trinity Industries stock traded down $0.46 on Friday, hitting $27.98. The stock had a trading volume of 171,686 shares, compared to its average volume of 620,027. The stock has a market cap of $2.26 billion, a price-to-earnings ratio of 24.54 and a beta of 1.53. The company has a current ratio of 1.96, a quick ratio of 1.01 and a debt-to-equity ratio of 4.66. Trinity Industries has a 52-week low of $22.38 and a 52-week high of $39.83. The company's 50 day moving average price is $27.35 and its 200 day moving average price is $27.24.

Trinity Industries (NYSE:TRN - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The transportation company reported $0.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.31 by ($0.12). The firm had revenue of $506.20 million for the quarter, compared to analysts' expectations of $589.96 million. Trinity Industries had a return on equity of 8.49% and a net margin of 3.83%.The company's quarterly revenue was down 39.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.66 EPS. Trinity Industries has set its FY 2025 guidance at 1.400-1.60 EPS. On average, research analysts anticipate that Trinity Industries will post 1.65 EPS for the current year.

Hedge Funds Weigh In On Trinity Industries

A number of large investors have recently modified their holdings of TRN. Susquehanna Fundamental Investments LLC acquired a new position in Trinity Industries during the fourth quarter worth $434,000. Northern Trust Corp boosted its position in shares of Trinity Industries by 33.6% during the 4th quarter. Northern Trust Corp now owns 1,172,036 shares of the transportation company's stock worth $41,138,000 after purchasing an additional 295,054 shares in the last quarter. Mercer Global Advisors Inc. ADV acquired a new position in shares of Trinity Industries during the 4th quarter worth $225,000. AXA S.A. grew its stake in shares of Trinity Industries by 119.8% during the 4th quarter. AXA S.A. now owns 126,152 shares of the transportation company's stock worth $4,428,000 after purchasing an additional 68,752 shares during the period. Finally, Centiva Capital LP increased its holdings in shares of Trinity Industries by 12.7% in the 4th quarter. Centiva Capital LP now owns 10,106 shares of the transportation company's stock valued at $355,000 after purchasing an additional 1,142 shares in the last quarter. 86.57% of the stock is owned by hedge funds and other institutional investors.

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.