Susquehanna Forecasts Strong Price Appreciation for Trinity Industries (NYSE:TRN) Stock

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

Several other equities analysts have also commented on TRN. 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 began coverage on shares of Trinity Industries in a report on Monday, November 18th. They set a “neutral” rating and a $39.00 price target on the stock.

Trinity Industries Price Performance

TRN stock opened at $29.89 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 12 month low of $25.09 and a 12 month high of $39.83. The firm has a market cap of $2.44 billion, a P/E ratio of 18.22 and a beta of 1.40. The company’s 50-day moving average price is $35.50 and its two-hundred day moving average price is $35.17.

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

Insider Activity at Trinity Industries

In related news, EVP Gregory B. Mitchell sold 9,286 shares of Trinity Industries stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $31.02, for a total transaction of $288,051.72. Following the sale, the executive vice president now directly owns 111,879 shares in the company, valued at $3,470,486.58. This trade represents a 7.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Trinity Industries

Several hedge funds have recently added to or reduced their stakes in TRN. Wellington Shields Capital Management LLC acquired a new stake in Trinity Industries during the 4th quarter worth approximately $35,000. Smartleaf Asset Management LLC boosted its position in Trinity Industries by 87.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,532 shares of the transportation company’s stock worth $54,000 after buying an additional 713 shares during the period. Millstone Evans Group LLC acquired a new position in shares of Trinity Industries in the 4th quarter worth approximately $54,000. Jones Financial Companies Lllp lifted its position in shares of Trinity Industries by 15.3% in the 4th quarter. Jones Financial Companies Lllp now owns 2,997 shares of the transportation company’s stock worth $105,000 after purchasing an additional 398 shares during the period. Finally, KBC Group NV lifted its position in shares of 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 purchasing an additional 1,649 shares during the period. 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.