Deutsche Bank AG Sells 33,502 Shares of Trinity Industries, Inc. $TRN

Deutsche Bank AG lessened its stake in shares of Trinity Industries, Inc. (NYSE:TRN) by 22.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 113,948 shares of the transportation company’s stock after selling 33,502 shares during the quarter. Deutsche Bank AG owned about 0.14% of Trinity Industries worth $3,197,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Mercer Global Advisors Inc. ADV bought a new stake in shares of Trinity Industries during the 4th quarter worth about $225,000. Wealth Enhancement Advisory Services LLC bought a new stake in Trinity Industries during the 4th quarter valued at approximately $241,000. Stephens Inc. AR boosted its stake in Trinity Industries by 6.5% during the 1st quarter. Stephens Inc. AR now owns 7,317 shares of the transportation company’s stock valued at $205,000 after purchasing an additional 444 shares during the period. Matrix Trust Co boosted its stake in Trinity Industries by 60.2% during the 1st quarter. Matrix Trust Co now owns 7,888 shares of the transportation company’s stock valued at $221,000 after purchasing an additional 2,965 shares during the period. Finally, Focus Partners Wealth boosted its stake in Trinity Industries by 45.0% during the 4th quarter. Focus Partners Wealth now owns 8,365 shares of the transportation company’s stock valued at $296,000 after purchasing an additional 2,595 shares during the period. Institutional investors own 86.57% of the company’s stock.

Trinity Industries Price Performance

Shares of NYSE:TRN opened at $27.82 on Tuesday. The business has a 50 day moving average price of $26.87 and a 200 day moving average price of $27.80. Trinity Industries, Inc. has a twelve month low of $22.38 and a twelve month high of $39.83. The company has a market cap of $2.25 billion, a price-to-earnings ratio of 24.41 and a beta of 1.49. The company has a quick ratio of 1.01, a current ratio of 1.96 and a debt-to-equity ratio of 4.66.

Trinity Industries (NYSE:TRN) last announced its quarterly earnings data on Thursday, July 31st. The transportation company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.12). Trinity Industries had a return on equity of 8.49% and a net margin of 3.83%. The firm had revenue of $506.20 million during the quarter, compared to the consensus estimate of $589.96 million. During the same quarter in the prior year, the business posted $0.66 EPS. Trinity Industries’s revenue was down 39.8% compared to the same quarter last year. Research analysts predict that Trinity Industries, Inc. will post 1.65 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on TRN. Wall Street Zen downgraded Trinity Industries from a “hold” rating to a “sell” rating in a research note on Saturday, August 2nd. Susquehanna decreased their target price on Trinity Industries from $26.00 to $24.00 and set a “neutral” rating for the company in a research note on Tuesday, July 29th.

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.