StockNews.com Downgrades Trinity Industries (NYSE:TRN) to Hold

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

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

Trinity Industries Price Performance

NYSE:TRN opened at $33.82 on Monday. The firm has a market capitalization of $2.78 billion, a price-to-earnings ratio of 16.50 and a beta of 1.39. The company has a debt-to-equity ratio of 4.39, a quick ratio of 1.08 and a current ratio of 2.00. The stock has a fifty day moving average of $33.81 and a 200 day moving average of $31.78. Trinity Industries has a 52-week low of $22.92 and a 52-week high of $37.04.

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

Hedge Funds Weigh In On Trinity Industries

Several institutional investors and hedge funds have recently made changes to their positions in TRN. Capital International Investors boosted its stake in shares of Trinity Industries by 0.4% during the first quarter. Capital International Investors now owns 8,677,153 shares of the transportation company’s stock valued at $241,659,000 after purchasing an additional 31,313 shares during the period. Encompass Capital Advisors LLC purchased a new position in shares of Trinity Industries in the second quarter valued at about $40,527,000. American Century Companies Inc. raised its stake in shares of Trinity Industries by 136.2% during the second quarter. American Century Companies Inc. now owns 1,047,663 shares of the transportation company’s stock valued at $31,346,000 after acquiring an additional 604,050 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Trinity Industries by 180.7% during the second quarter. Millennium Management LLC now owns 823,040 shares of the transportation company’s stock worth $24,625,000 after purchasing an additional 529,857 shares during the period. Finally, First Eagle Investment Management LLC grew its stake in shares of Trinity Industries by 5.5% in the second quarter. First Eagle Investment Management LLC now owns 500,880 shares of the transportation company’s stock worth $14,986,000 after purchasing an additional 26,300 shares during the last quarter. Institutional investors 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.