Trinity Industries Inc (TRN) Receives $28.29 Average PT from Analysts

Shares of Trinity Industries Inc (NYSE:TRN) have earned an average recommendation of “Hold” from the twelve research firms that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $27.75.

A number of brokerages recently commented on TRN. Stephens set a $24.00 price target on Trinity Industries and gave the company a “hold” rating in a research report on Thursday. Mizuho reaffirmed a “buy” rating and set a $32.00 price target on shares of Trinity Industries in a research report on Tuesday, February 26th. Zacks Investment Research downgraded Trinity Industries from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 28th. Cowen reaffirmed a “buy” rating and set a $30.00 price target on shares of Trinity Industries in a research report on Monday, December 10th. Finally, ValuEngine downgraded Trinity Industries from a “hold” rating to a “sell” rating in a research report on Wednesday, January 2nd.

TRN stock opened at $21.73 on Wednesday. Trinity Industries has a twelve month low of $18.99 and a twelve month high of $39.35. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.85 and a current ratio of 1.76. The company has a market capitalization of $2.89 billion, a PE ratio of 27.16, a P/E/G ratio of 1.65 and a beta of 2.13.

Trinity Industries (NYSE:TRN) last posted its earnings results on Wednesday, February 20th. The transportation company reported $0.26 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.03. The company had revenue of $735.00 million for the quarter, compared to analyst estimates of $670.90 million. Trinity Industries had a return on equity of 5.26% and a net margin of 4.63%. The company’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same quarter last year, the company earned $0.43 earnings per share. Equities research analysts anticipate that Trinity Industries will post 1.31 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be given a $0.17 dividend. This is an increase from Trinity Industries’s previous quarterly dividend of $0.13. This represents a $0.68 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date is Friday, April 12th. Trinity Industries’s dividend payout ratio (DPR) is currently 65.00%.

A number of large investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN boosted its stake in Trinity Industries by 1.9% during the third quarter. Wells Fargo & Company MN now owns 379,615 shares of the transportation company’s stock valued at $13,910,000 after buying an additional 7,186 shares during the period. Nordea Investment Management AB increased its holdings in shares of Trinity Industries by 41.8% in the third quarter. Nordea Investment Management AB now owns 132,487 shares of the transportation company’s stock worth $4,855,000 after buying an additional 39,052 shares during the period. North Star Investment Management Corp. increased its holdings in shares of Trinity Industries by 9.4% in the fourth quarter. North Star Investment Management Corp. now owns 58,000 shares of the transportation company’s stock worth $1,194,000 after buying an additional 5,000 shares during the period. AQR Capital Management LLC increased its holdings in shares of Trinity Industries by 70.3% in the third quarter. AQR Capital Management LLC now owns 731,158 shares of the transportation company’s stock worth $26,790,000 after buying an additional 301,927 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in shares of Trinity Industries by 88.8% in the third quarter. JPMorgan Chase & Co. now owns 360,430 shares of the transportation company’s stock worth $13,205,000 after buying an additional 169,568 shares during the period. 89.96% of the stock is owned by institutional investors and hedge funds.

Trinity Industries Company Profile

Trinity Industries, Inc provides rail transportation products and services in North America. It operates through three segments: Railcar Leasing and Management Services Group, Rail Products Group, and All Other. The Railcar Leasing and Management Services Group segment leases freight and tank railcars; originates and manages railcar leases for third-party investor-owned fund; and provides fleet maintenance and management services to industrial shippers.

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Analyst Recommendations for Trinity Industries (NYSE:TRN)

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