Trinity Industries (NYSE:TRN) Downgraded to Neutral at Susquehanna

Susquehanna downgraded shares of Trinity Industries (NYSE:TRN) from a positive rating to a neutral rating in a report released on Monday, MarketBeat.com reports. They currently have $35.00 price target on the transportation company’s stock, up from their previous price target of $34.00.

Separately, StockNews.com raised Trinity Industries from a “hold” rating to a “buy” rating in a report on Tuesday, September 10th.

Trinity Industries Stock Performance

Shares of TRN opened at $35.76 on Monday. The company has a debt-to-equity ratio of 4.39, a current ratio of 1.91 and a quick ratio of 0.98. Trinity Industries has a one year low of $20.04 and a one year high of $37.04. The firm has a market capitalization of $2.93 billion, a P/E ratio of 24.00 and a beta of 1.39. The business has a fifty day moving average of $33.44 and a 200 day moving average of $31.28.

Trinity Industries (NYSE:TRN) last issued its quarterly earnings data on Thursday, August 1st. The transportation company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.34 by $0.32. Trinity Industries had a return on equity of 13.66% and a net margin of 4.98%. The company had revenue of $841.40 million during the quarter, compared to analyst estimates of $738.00 million. During the same quarter in the previous year, the company posted $0.23 earnings per share. Trinity Industries’s revenue was up 16.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Trinity Industries will post 1.65 EPS for the current year.

Trinity Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 3.13%. The ex-dividend date is Tuesday, October 15th. Trinity Industries’s dividend payout ratio is presently 75.17%.

Institutional Trading of Trinity Industries

Several hedge funds have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC grew its holdings in Trinity Industries by 4.9% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 8,842 shares of the transportation company’s stock valued at $265,000 after purchasing an additional 417 shares during the period. Sequoia Financial Advisors LLC grew its holdings in Trinity Industries by 5.1% during the second quarter. Sequoia Financial Advisors LLC now owns 8,771 shares of the transportation company’s stock valued at $262,000 after purchasing an additional 423 shares during the period. GAMMA Investing LLC grew its holdings in Trinity Industries by 85.6% during the third quarter. GAMMA Investing LLC now owns 1,017 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 469 shares during the period. Commonwealth Equity Services LLC boosted its stake in shares of Trinity Industries by 1.4% in the second quarter. Commonwealth Equity Services LLC now owns 36,223 shares of the transportation company’s stock worth $1,084,000 after acquiring an additional 497 shares during the period. Finally, Texas Permanent School Fund Corp boosted its stake in shares of Trinity Industries by 0.8% in the first quarter. Texas Permanent School Fund Corp now owns 70,243 shares of the transportation company’s stock worth $1,956,000 after acquiring an additional 574 shares during the period. Institutional investors 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.