Trinity Industries (NYSE:TRN) Rating Lowered to “Hold” at StockNews.com

StockNews.com cut shares of Trinity Industries (NYSE:TRN) from a buy rating to a hold rating in a report released on Monday morning.

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

Trinity Industries Stock Performance

TRN opened at $33.01 on Monday. The stock has a market cap of $2.71 billion, a P/E ratio of 16.10 and a beta of 1.39. The firm has a fifty day moving average price of $33.78 and a 200 day moving average price of $31.73. Trinity Industries has a 1 year low of $22.92 and a 1 year high of $37.04. The company has a debt-to-equity ratio of 4.39, a current ratio of 2.00 and a quick ratio of 1.08.

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

Trinity Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $1.12 annualized dividend and a dividend yield of 3.39%. Trinity Industries’s dividend payout ratio is presently 54.63%.

Institutional Investors Weigh In On Trinity Industries

Hedge funds and other institutional investors have recently bought and sold shares of the company. Versor Investments LP boosted its holdings in Trinity Industries by 6.3% in the 3rd quarter. Versor Investments LP now owns 32,298 shares of the transportation company’s stock valued at $1,125,000 after purchasing an additional 1,912 shares during the last quarter. Los Angeles Capital Management LLC raised its position in shares of Trinity Industries by 611.4% during the 3rd quarter. Los Angeles Capital Management LLC now owns 51,912 shares of the transportation company’s stock valued at $1,809,000 after buying an additional 44,615 shares during the period. Crossmark Global Holdings Inc. acquired a new position in Trinity Industries in the third quarter valued at approximately $204,000. Atria Investments Inc purchased a new position in Trinity Industries in the third quarter worth approximately $270,000. Finally, Nisa Investment Advisors LLC increased its stake in Trinity Industries by 25.9% during the third quarter. Nisa Investment Advisors LLC now owns 25,500 shares of the transportation company’s stock worth $888,000 after acquiring an additional 5,247 shares during the last quarter. 86.57% of the stock is currently owned by institutional investors and hedge funds.

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.