Trinity Industries (NYSE:TRN) Cut to “Hold” at StockNews.com

Trinity Industries (NYSE:TRN) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a report issued on Monday.

Separately, Susquehanna lowered shares of Trinity Industries from a “positive” rating to a “neutral” rating and upped their price target for the company from $34.00 to $35.00 in a research report on Monday, October 21st.

Trinity Industries Stock Performance

TRN stock traded up $0.43 during midday trading on Monday, reaching $33.01. 370,663 shares of the company’s stock traded hands, compared to its average volume of 546,070. Trinity Industries has a 52 week low of $22.92 and a 52 week high of $37.04. The company has a debt-to-equity ratio of 4.39, a quick ratio of 0.98 and a current ratio of 2.00. The firm has a market capitalization of $2.72 billion, a PE ratio of 16.10 and a beta of 1.39. The company has a 50-day moving average price of $33.78 and a two-hundred day moving average price of $31.73.

Trinity Industries (NYSE:TRN) last announced its quarterly earnings data on Thursday, October 31st. The transportation company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.05. Trinity Industries had a return on equity of 14.57% and a net margin of 5.31%. The firm had revenue of $798.80 million during the quarter, compared to the consensus estimate of $696.00 million. During the same quarter in the previous year, the company posted $0.26 earnings per share. The business’s revenue was down 2.7% on a year-over-year basis. As a group, equities analysts anticipate that Trinity Industries will post 1.65 EPS for the current year.

Hedge Funds Weigh In On Trinity Industries

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Los Angeles Capital Management LLC boosted its position in shares of Trinity Industries by 611.4% in the 3rd quarter. Los Angeles Capital Management LLC now owns 51,912 shares of the transportation company’s stock valued at $1,809,000 after purchasing an additional 44,615 shares during the period. Crossmark Global Holdings Inc. purchased a new stake in shares of Trinity Industries in the third quarter valued at about $204,000. Atria Investments Inc acquired a new stake in Trinity Industries during the third quarter worth approximately $270,000. Nisa Investment Advisors LLC raised its stake in Trinity Industries by 25.9% during the third quarter. Nisa Investment Advisors LLC now owns 25,500 shares of the transportation company’s stock worth $888,000 after purchasing an additional 5,247 shares during the period. Finally, International Assets Investment Management LLC raised its stake in shares of Trinity Industries by 3,384.0% in the 3rd quarter. International Assets Investment Management LLC now owns 10,452 shares of the transportation company’s stock valued at $364,000 after acquiring an additional 10,152 shares during the period. Institutional investors and hedge funds own 86.57% of the company’s stock.

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.