Trinity Industries (NYSE:TRN) Price Target Raised to $35.00 at Susquehanna

Trinity Industries (NYSE:TRN) had its price target lifted by Susquehanna from $34.00 to $35.00 in a research note released on Monday,Benzinga reports. They currently have a neutral rating on the transportation company’s stock.

Several other equities research analysts have also commented on the stock. StockNews.com lowered shares of Trinity Industries from a “buy” rating to a “hold” rating in a report on Monday, November 4th. The Goldman Sachs Group initiated coverage on Trinity Industries in a research note on Monday, November 18th. They issued a “neutral” rating and a $39.00 target price on the stock.

Trinity Industries Trading Down 3.4 %

Shares of NYSE:TRN opened at $30.03 on Monday. The company has a quick ratio of 1.08, a current ratio of 1.80 and a debt-to-equity ratio of 4.35. Trinity Industries has a 52-week low of $24.49 and a 52-week high of $39.83. The stock has a market cap of $2.46 billion, a price-to-earnings ratio of 18.31 and a beta of 1.40. The business has a 50-day moving average price of $35.73 and a 200-day moving average price of $35.21.

Trinity Industries (NYSE:TRN) last posted its quarterly earnings results on Thursday, February 20th. The transportation company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. The company had revenue of $629.40 million during the quarter, compared to analyst estimates of $589.30 million. Trinity Industries had a net margin of 4.49% and a return on equity of 11.78%. Equities analysts predict that Trinity Industries will post 1.65 EPS for the current year.

Trinity Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th were issued a $0.30 dividend. This is a boost from Trinity Industries’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Wednesday, January 15th. This represents a $1.20 dividend on an annualized basis and a yield of 4.00%. Trinity Industries’s payout ratio is presently 73.17%.

Institutional Investors Weigh In On Trinity Industries

Several hedge funds have recently modified their holdings of TRN. Wellington Shields Capital Management LLC purchased a new position in Trinity Industries during the fourth quarter worth approximately $35,000. Millstone Evans Group LLC acquired a new position in shares of Trinity Industries during the 4th quarter worth approximately $54,000. Smartleaf Asset Management LLC lifted its position in shares of Trinity Industries by 87.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,532 shares of the transportation company’s stock valued at $54,000 after buying an additional 713 shares in the last quarter. Jones Financial Companies Lllp grew its stake in Trinity Industries by 15.3% in the 4th quarter. Jones Financial Companies Lllp now owns 2,997 shares of the transportation company’s stock valued at $105,000 after acquiring an additional 398 shares during the period. Finally, KBC Group NV increased its holdings in Trinity Industries by 71.6% in the 4th quarter. KBC Group NV now owns 3,952 shares of the transportation company’s stock worth $139,000 after acquiring an additional 1,649 shares in the last quarter. 86.57% of the stock is owned by hedge funds and other institutional investors.

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.