Trinity Industries (NYSE:TRN) Cut to "Sell" at Wall Street Zen

Key Points

• Trinity Industries has been downgraded from a "hold" to a "sell" rating by Wall Street Zen as of Saturday, indicating a negative outlook on the stock.
• Goldman Sachs and Susquehanna have both cut their price targets for Trinity Industries, down to $31.00 and $24.00, respectively, maintaining neutral ratings.
• The company reported reported a quarterly earnings miss, with earnings of $0.19 per share against expectations of $0.31, and a revenue drop of 39.8% compared to the same quarter last year.

Wall Street Zen downgraded shares of Trinity Industries (NYSE:TRN - Free Report) from a hold rating to a sell rating in a research report released on Saturday.

Several other equities analysts also recently weighed in on the stock. Susquehanna cut their price target 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. The Goldman Sachs Group reduced their price target on Trinity Industries from $36.00 to $31.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th.

Trinity Industries Price Performance

Shares of TRN stock traded up $1.11 during mid-day trading on Friday, hitting $25.73. The company had a trading volume of 435,886 shares, compared to its average volume of 604,194. The stock's 50 day moving average price is $26.50 and its 200-day moving average price is $28.56. Trinity Industries has a 52-week low of $22.38 and a 52-week high of $39.83. The company has a market capitalization of $2.08 billion, a P/E ratio of 22.56 and a beta of 1.49. The company has a debt-to-equity ratio of 4.66, a current ratio of 1.96 and a quick ratio of 1.01.

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 firm 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 company's revenue was down 39.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.66 EPS. Equities research analysts forecast that Trinity Industries will post 1.65 earnings per share for the current year.

Trinity Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th were issued a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, July 15th. This represents a $1.20 annualized dividend and a yield of 4.7%. Trinity Industries's dividend payout ratio is 105.26%.

Institutional Trading of Trinity Industries

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Strs Ohio purchased a new position in shares of Trinity Industries in the 1st quarter worth about $25,000. GAMMA Investing LLC grew its stake in Trinity Industries by 75.4% during the 2nd quarter. GAMMA Investing LLC now owns 1,114 shares of the transportation company's stock valued at $30,000 after purchasing an additional 479 shares in the last quarter. Headlands Technologies LLC grew its position in shares of Trinity Industries by 3,418.2% in the 1st quarter. Headlands Technologies LLC now owns 1,548 shares of the transportation company's stock worth $43,000 after acquiring an additional 1,504 shares in the last quarter. Trust Co. of Toledo NA OH acquired a new position in shares of Trinity Industries in the 2nd quarter worth approximately $43,000. Finally, Russell Investments Group Ltd. grew its position in shares of Trinity Industries by 97.4% in the 1st quarter. Russell Investments Group Ltd. now owns 3,604 shares of the transportation company's stock worth $101,000 after acquiring an additional 1,778 shares in the last quarter. 86.57% of the stock is currently 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.