Trinity Industries (NYSE:TRN) Price Target Lowered to $31.00 at The Goldman Sachs Group

Trinity Industries (NYSE:TRN) had its target price cut by The Goldman Sachs Group from $36.00 to $31.00 in a research note published on Thursday,Benzinga reports. They currently have a neutral rating on the transportation company’s stock.

Separately, Susquehanna increased their price objective on shares of Trinity Industries from $34.00 to $35.00 and gave the company a “neutral” rating in a research note on Monday, March 3rd.

Trinity Industries Trading Up 1.9 %

Shares of Trinity Industries stock opened at $25.35 on Thursday. The company has a 50-day moving average of $29.29 and a two-hundred day moving average of $33.97. Trinity Industries has a 12-month low of $23.50 and a 12-month high of $39.83. The company has a current ratio of 1.80, a quick ratio of 1.08 and a debt-to-equity ratio of 4.35. The stock has a market cap of $2.07 billion, a PE ratio of 15.46 and a beta of 1.49.

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

Trinity Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.73%. Trinity Industries’s dividend payout ratio (DPR) is 73.17%.

Insider Activity

In related news, EVP Gregory B. Mitchell sold 9,286 shares of the company’s 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 transaction, the executive vice president now owns 111,879 shares of the company’s stock, valued at approximately $3,470,486.58. This represents a 7.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Wellington Shields Capital Management LLC acquired a new stake in shares of Trinity Industries during the fourth quarter worth $35,000. Smartleaf Asset Management LLC lifted its position in Trinity Industries by 87.1% during the fourth 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 stake in Trinity Industries in the 4th quarter worth about $54,000. Jones Financial Companies Lllp grew its holdings in Trinity Industries by 15.3% in the 4th quarter. Jones Financial Companies Lllp now owns 2,997 shares of the transportation company’s stock valued at $105,000 after buying an additional 398 shares during the period. Finally, KBC Group NV increased its stake in shares of Trinity Industries by 71.6% during the 4th quarter. KBC Group NV now owns 3,952 shares of the transportation company’s stock valued at $139,000 after acquiring an additional 1,649 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.