Trinity Industries (NYSE:TRN) Rating Lowered to Neutral at Susquehanna

Trinity Industries (NYSE:TRN) was downgraded by research analysts at Susquehanna from a “positive” rating to a “neutral” rating in a report issued on Monday, MarketBeat Ratings reports. They presently have a $35.00 target price on the transportation company’s stock, up from their prior target price of $34.00. Susquehanna’s target price would indicate a potential upside of 0.63% from the company’s current price.

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

Trinity Industries Stock Performance

Trinity Industries stock opened at $34.78 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 12 month low of $20.04 and a 12 month high of $37.04. The company has a market cap of $2.87 billion, a price-to-earnings ratio of 17.93 and a beta of 1.39. The stock’s 50-day moving average is $33.31 and its 200-day moving average is $31.23.

Trinity Industries (NYSE:TRN) last posted its earnings results on Thursday, August 1st. The transportation company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.32. Trinity Industries had a return on equity of 13.66% and a net margin of 4.98%. The business had revenue of $841.40 million during the quarter, compared to analyst estimates of $738.00 million. During the same quarter last year, the firm earned $0.23 earnings per share. The company’s revenue for the quarter was up 16.5% compared to the same quarter last year. Equities analysts anticipate that Trinity Industries will post 1.65 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Matrix Trust Co acquired a new position in shares of Trinity Industries in the 3rd quarter worth approximately $25,000. Innealta Capital LLC bought a new stake in shares of Trinity Industries in the 2nd quarter worth approximately $31,000. GAMMA Investing LLC lifted its holdings in shares of Trinity Industries by 85.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,017 shares of the transportation company’s stock worth $35,000 after purchasing an additional 469 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of Trinity Industries in the 2nd quarter worth approximately $54,000. Finally, Tradewinds Capital Management LLC bought a new stake in shares of Trinity Industries in the 1st quarter worth approximately $111,000. 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.