Trinity Industries (NYSE:TRN) Downgraded to Neutral at Susquehanna

Susquehanna downgraded shares of Trinity Industries (NYSE:TRN) from a positive rating to a neutral rating in a report published on Monday, MarketBeat reports. They currently have $35.00 price target on the transportation company’s stock, up from their prior price target of $34.00.

Separately, StockNews.com upgraded Trinity Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, September 10th.

Trinity Industries Trading Up 2.9 %

NYSE TRN opened at $35.76 on Monday. The company has a quick ratio of 0.98, a current ratio of 1.91 and a debt-to-equity ratio of 4.39. Trinity Industries has a twelve month low of $20.04 and a twelve month high of $37.04. The firm has a market capitalization of $2.93 billion, a PE ratio of 24.00 and a beta of 1.39. The stock’s 50 day moving average is $33.44 and its 200 day moving average is $31.28.

Trinity Industries (NYSE:TRN) last released its quarterly earnings results on Thursday, August 1st. The transportation company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.32. The company had revenue of $841.40 million for the quarter, compared to analyst estimates of $738.00 million. Trinity Industries had a return on equity of 13.66% and a net margin of 4.98%. The firm’s revenue was up 16.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.23 earnings per share. Research analysts forecast that Trinity Industries will post 1.65 earnings per share for the current fiscal year.

Trinity Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date of this dividend is Tuesday, October 15th. Trinity Industries’s payout ratio is 75.17%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in TRN. Goldman Sachs Group Inc. raised its stake in shares of Trinity Industries by 72.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 707,633 shares of the transportation company’s stock worth $18,816,000 after purchasing an additional 297,153 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Trinity Industries by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 9,677,808 shares of the transportation company’s stock worth $257,333,000 after purchasing an additional 83,769 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Trinity Industries by 10.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 8,008 shares of the transportation company’s stock worth $213,000 after purchasing an additional 764 shares during the last quarter. Tradewinds Capital Management LLC purchased a new position in shares of Trinity Industries in the first quarter worth $111,000. Finally, BNP Paribas Financial Markets raised its stake in shares of Trinity Industries by 43.0% in the first quarter. BNP Paribas Financial Markets now owns 44,125 shares of the transportation company’s stock worth $1,229,000 after purchasing an additional 13,267 shares during the last quarter. Hedge funds and other institutional investors own 86.57% of the company’s stock.

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.