Wall Street Zen Downgrades Trinity Industries (NYSE:TRN) to Sell

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.

Trinity Industries (NYSE:TRN - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report issued on Saturday.

Other analysts have also issued reports about the stock. The Goldman Sachs Group reduced their price objective on shares of Trinity Industries from $36.00 to $31.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. 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.

Trinity Industries Stock Up 3.6%

Shares of NYSE:TRN opened at $24.13 on Friday. The company has a current ratio of 1.96, a quick ratio of 0.87 and a debt-to-equity ratio of 4.66. The stock has a fifty day simple moving average of $26.52 and a two-hundred day simple moving average of $28.78. Trinity Industries has a 12-month low of $22.38 and a 12-month high of $39.83. The stock has a market capitalization of $1.97 billion, a price-to-earnings ratio of 21.17 and a beta of 1.49.

Trinity Industries (NYSE:TRN - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The transportation company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.12). The company 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%. Trinity Industries's revenue was down 39.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.66 earnings per share. On average, research analysts anticipate that Trinity Industries will post 1.65 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Trinity Industries

Several large investors have recently bought and sold shares of TRN. Strs Ohio bought a new position in Trinity Industries during the 1st quarter valued at about $25,000. GAMMA Investing LLC raised its holdings in shares of Trinity Industries by 75.4% during the second 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 during the last quarter. Headlands Technologies LLC lifted its position in Trinity Industries by 3,418.2% during the first quarter. Headlands Technologies LLC now owns 1,548 shares of the transportation company's stock valued at $43,000 after purchasing an additional 1,504 shares during the period. Trust Co. of Toledo NA OH purchased a new stake in Trinity Industries in the second quarter worth approximately $43,000. Finally, Russell Investments Group Ltd. boosted its holdings in Trinity Industries by 97.4% in the first quarter. Russell Investments Group Ltd. now owns 3,604 shares of the transportation company's stock worth $101,000 after purchasing an additional 1,778 shares during the last quarter. 86.57% of the stock is currently owned by institutional investors.

About Trinity Industries

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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