Raymond James & Associates Has $13.89 Million Stake in Trinity Industries, Inc. (NYSE:TRN)

Raymond James & Associates lowered its position in shares of Trinity Industries, Inc. (NYSE:TRN) by 3.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 464,208 shares of the transportation company’s stock after selling 14,264 shares during the quarter. Raymond James & Associates owned about 0.57% of Trinity Industries worth $13,889,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Welch Group LLC acquired a new stake in Trinity Industries during the second quarter worth approximately $344,000. Wealth Enhancement Advisory Services LLC grew its position in shares of Trinity Industries by 4.9% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 8,842 shares of the transportation company’s stock worth $265,000 after buying an additional 417 shares during the period. Sequoia Financial Advisors LLC increased its stake in shares of Trinity Industries by 5.1% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 8,771 shares of the transportation company’s stock valued at $262,000 after acquiring an additional 423 shares in the last quarter. Twelve Points Wealth Management LLC lifted its position in shares of Trinity Industries by 8.5% during the 2nd quarter. Twelve Points Wealth Management LLC now owns 35,028 shares of the transportation company’s stock valued at $1,048,000 after acquiring an additional 2,739 shares during the period. Finally, Bank & Trust Co bought a new position in Trinity Industries during the second quarter worth $212,000. 86.57% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TRN. TD Cowen upped their price objective on shares of Trinity Industries from $30.00 to $33.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. StockNews.com downgraded Trinity Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, August 13th. Finally, Susquehanna raised their price objective on Trinity Industries from $30.00 to $34.00 and gave the company a “positive” rating in a research note on Thursday, May 2nd.

Trinity Industries Stock Up 1.6 %

Trinity Industries stock opened at $32.44 on Friday. The company has a current ratio of 1.91, a quick ratio of 0.98 and a debt-to-equity ratio of 4.39. The firm’s fifty day moving average price is $31.38 and its two-hundred day moving average price is $29.02. The firm has a market capitalization of $2.65 billion, a price-to-earnings ratio of 21.77 and a beta of 1.41. Trinity Industries, Inc. has a 1-year low of $20.04 and a 1-year high of $37.04.

Trinity Industries (NYSE:TRN) last announced 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 business had revenue of $841.40 million for the quarter, compared to analysts’ expectations of $738.00 million. Trinity Industries had a net margin of 4.98% and a return on equity of 13.66%. The firm’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.23 EPS. On average, equities research analysts predict that Trinity Industries, Inc. will post 1.65 earnings per share for the current fiscal year.

Trinity Industries Company Profile

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.