Trinity Industries (NYSE:TRN) Price Target Raised to $34.00 at Susquehanna

Trinity Industries (NYSE:TRN) had its price target upped by Susquehanna from $30.00 to $34.00 in a research note issued to investors on Thursday, Benzinga reports. Susquehanna currently has a positive rating on the transportation company’s stock.

Separately, TD Cowen raised their target price on Trinity Industries from $30.00 to $33.00 and gave the company a buy rating in a research note on Thursday. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus target price of $31.00.

Trinity Industries Trading Up 1.3 %

TRN opened at $30.44 on Thursday. The stock has a market cap of $2.49 billion, a PE ratio of 20.43 and a beta of 1.39. The company has a quick ratio of 0.78, a current ratio of 1.88 and a debt-to-equity ratio of 4.55. The business has a 50 day moving average of $26.67 and a 200-day moving average of $25.59. Trinity Industries has a 52 week low of $20.04 and a 52 week high of $30.65.

Trinity Industries (NYSE:TRN) last released its earnings results on Wednesday, May 1st. The transportation company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.07. The company had revenue of $809.60 million during the quarter, compared to analysts’ expectations of $750.97 million. Trinity Industries had a return on equity of 10.93% and a net margin of 3.98%. The firm’s revenue for the quarter was up 26.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.07 EPS. Equities research analysts predict that Trinity Industries will post 1.46 earnings per share for the current fiscal year.

Trinity Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Monday, April 15th were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date was Friday, April 12th. Trinity Industries’s dividend payout ratio (DPR) is presently 75.17%.

Insider Activity at Trinity Industries

In related news, CFO Eric R. Marchetto sold 9,781 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $28.00, for a total transaction of $273,868.00. Following the completion of the transaction, the chief financial officer now owns 233,704 shares of the company’s stock, valued at approximately $6,543,712. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.60% of the stock is owned by corporate insiders.

Institutional Trading of Trinity Industries

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of Trinity Industries by 0.9% in the 4th 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 in the last quarter. Capital International Investors increased its holdings in shares of Trinity Industries by 0.3% in the 4th quarter. Capital International Investors now owns 8,645,840 shares of the transportation company’s stock worth $230,009,000 after purchasing an additional 23,720 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Trinity Industries by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,058,174 shares of the transportation company’s stock worth $161,088,000 after purchasing an additional 47,668 shares in the last quarter. Jennison Associates LLC increased its holdings in shares of Trinity Industries by 3.2% in the 3rd quarter. Jennison Associates LLC now owns 4,720,106 shares of the transportation company’s stock worth $114,935,000 after purchasing an additional 146,341 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Trinity Industries by 7.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,263,458 shares of the transportation company’s stock worth $33,595,000 after purchasing an additional 82,256 shares in 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.