PNC Financial Services Group Inc. Lowers Stock Position in Trinity Industries, Inc. $TRN

PNC Financial Services Group Inc. lessened its holdings in Trinity Industries, Inc. (NYSE:TRN) by 7.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,919 shares of the transportation company’s stock after selling 625 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Trinity Industries were worth $222,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Stephens Inc. AR boosted its stake in shares of Trinity Industries by 6.5% during the 1st quarter. Stephens Inc. AR now owns 7,317 shares of the transportation company’s stock worth $205,000 after acquiring an additional 444 shares in the last quarter. Illinois Municipal Retirement Fund boosted its stake in shares of Trinity Industries by 1.1% during the 1st quarter. Illinois Municipal Retirement Fund now owns 44,168 shares of the transportation company’s stock worth $1,239,000 after acquiring an additional 462 shares in the last quarter. Summit Investment Advisors Inc. boosted its stake in shares of Trinity Industries by 6.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 8,550 shares of the transportation company’s stock worth $300,000 after acquiring an additional 543 shares in the last quarter. Centiva Capital LP boosted its stake in shares of Trinity Industries by 12.7% during the 4th quarter. Centiva Capital LP now owns 10,106 shares of the transportation company’s stock worth $355,000 after acquiring an additional 1,142 shares in the last quarter. Finally, Cerity Partners LLC boosted its stake in shares of Trinity Industries by 8.2% during the 1st quarter. Cerity Partners LLC now owns 15,794 shares of the transportation company’s stock worth $443,000 after acquiring an additional 1,191 shares in the last quarter. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Trinity Industries Price Performance

TRN stock opened at $27.42 on Monday. Trinity Industries, Inc. has a 1 year low of $22.38 and a 1 year high of $39.83. The company has a debt-to-equity ratio of 4.66, a quick ratio of 1.01 and a current ratio of 1.96. The stock’s 50 day moving average price is $26.84 and its 200 day moving average price is $27.87. The firm has a market cap of $2.22 billion, a P/E ratio of 24.05 and a beta of 1.49.

Trinity Industries (NYSE:TRN) last posted its earnings results on Thursday, July 31st. The transportation company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.12). Trinity Industries had a net margin of 3.83% and a return on equity of 8.49%. The company had revenue of $506.20 million during the quarter, compared to analysts’ expectations of $589.96 million. During the same period in the previous year, the company posted $0.66 EPS. Trinity Industries’s quarterly revenue was down 39.8% compared to the same quarter last year. On average, sell-side analysts expect that Trinity Industries, Inc. will post 1.65 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TRN has been the topic of several research analyst reports. Susquehanna decreased their price target on Trinity Industries from $26.00 to $24.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 29th. Wall Street Zen lowered Trinity Industries from a “hold” rating to a “sell” rating in a research note on Saturday, August 2nd.

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.