Susquehanna Cuts Trinity Industries (NYSE:TRN) Price Target to $24.00

Trinity Industries (NYSE:TRN) had its target price dropped by analysts at Susquehanna from $35.00 to $24.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the transportation company’s stock. Susquehanna’s target price would suggest a potential downside of 2.87% from the company’s previous close.

Separately, The Goldman Sachs Group dropped their price target on shares of Trinity Industries from $36.00 to $31.00 and set a “neutral” rating for the company in a research report on Thursday, April 17th.

Trinity Industries Stock Down 1.2 %

Shares of TRN traded down $0.29 during midday trading on Tuesday, reaching $24.71. 89,175 shares of the stock were exchanged, compared to its average volume of 580,910. The company has a market cap of $2.02 billion, a price-to-earnings ratio of 14.95 and a beta of 1.49. The firm has a 50 day simple moving average of $28.84 and a 200-day simple moving average of $33.85. 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 $23.50 and a 12-month high of $39.83.

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

Insiders Place Their Bets

In other news, EVP Gregory B. Mitchell sold 9,286 shares of Trinity Industries stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $31.02, for a total value of $288,051.72. Following the completion of the sale, the executive vice president now directly owns 111,879 shares of the company’s stock, valued at approximately $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 accessible through this hyperlink. Insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Wellington Shields Capital Management LLC acquired a new position in Trinity Industries in the fourth quarter valued at approximately $35,000. Smartleaf Asset Management LLC boosted its position in shares of Trinity Industries by 87.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,532 shares of the transportation company’s stock worth $54,000 after purchasing an additional 713 shares during the last quarter. Millstone Evans Group LLC acquired a new stake in shares of Trinity Industries during the fourth quarter worth $54,000. Jones Financial Companies Lllp increased its holdings in Trinity Industries by 15.3% in the fourth quarter. Jones Financial Companies Lllp now owns 2,997 shares of the transportation company’s stock valued at $105,000 after purchasing an additional 398 shares during the last quarter. Finally, KBC Group NV increased its holdings in Trinity Industries by 71.6% in the fourth quarter. KBC Group NV now owns 3,952 shares of the transportation company’s stock valued at $139,000 after purchasing an additional 1,649 shares during the last quarter. 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.