The Goldman Sachs Group Begins Coverage on Trinity Industries (NYSE:TRN)

Equities researchers at The Goldman Sachs Group began coverage on shares of Trinity Industries (NYSE:TRN) in a research note issued on Monday, MarketBeat Ratings reports. The firm set a “neutral” rating and a $39.00 price target on the transportation company’s stock. The Goldman Sachs Group’s price objective suggests a potential upside of 2.77% from the company’s previous close.

A number of other brokerages also recently weighed in on TRN. StockNews.com downgraded shares of Trinity Industries from a “buy” rating to a “hold” rating in a report on Monday, November 4th. Susquehanna cut Trinity Industries from a “positive” rating to a “neutral” rating and boosted their price target for the stock from $34.00 to $35.00 in a report on Monday, October 21st.

Trinity Industries Stock Up 1.4 %

Trinity Industries stock opened at $37.95 on Monday. The company has a debt-to-equity ratio of 4.39, a current ratio of 2.00 and a quick ratio of 1.08. The company’s 50-day moving average is $34.76 and its 200-day moving average is $32.41. The firm has a market capitalization of $3.12 billion, a PE ratio of 18.53 and a beta of 1.39. Trinity Industries has a fifty-two week low of $23.40 and a fifty-two week high of $38.69.

Trinity Industries (NYSE:TRN) last announced its quarterly earnings results on Thursday, October 31st. The transportation company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.05. The firm had revenue of $798.80 million for the quarter, compared to the consensus estimate of $696.00 million. Trinity Industries had a return on equity of 14.57% and a net margin of 5.31%. The business’s revenue was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.26 earnings per share. Sell-side analysts anticipate that Trinity Industries will post 1.75 earnings per share for the current year.

Institutional Investors Weigh In On Trinity Industries

Several hedge funds have recently modified their holdings of TRN. UniSuper Management Pty Ltd bought a new position in Trinity Industries in the first quarter valued at about $544,000. Marshall Wace LLP acquired a new position in shares of Trinity Industries in the second quarter valued at approximately $1,049,000. State of New Jersey Common Pension Fund D bought a new position in Trinity Industries in the 2nd quarter valued at approximately $1,824,000. Royce & Associates LP raised its holdings in Trinity Industries by 8.2% in the 3rd quarter. Royce & Associates LP now owns 367,421 shares of the transportation company’s stock valued at $12,801,000 after buying an additional 27,870 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in Trinity Industries by 85.6% during the 3rd quarter. GAMMA Investing LLC now owns 1,017 shares of the transportation company’s stock worth $35,000 after buying an additional 469 shares during the period. Institutional investors and hedge funds own 86.57% of the company’s stock.

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.