Cetera Investment Advisers Has $203,000 Stock Holdings in Trinity Industries, Inc. $TRN

Cetera Investment Advisers decreased its stake in shares of Trinity Industries, Inc. (NYSE:TRN) by 5.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,238 shares of the transportation company’s stock after selling 448 shares during the period. Cetera Investment Advisers’ holdings in Trinity Industries were worth $203,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Mercer Global Advisors Inc. ADV acquired a new position in Trinity Industries during the 4th quarter valued at about $225,000. Wealth Enhancement Advisory Services LLC bought a new stake in Trinity Industries during the 4th quarter worth approximately $241,000. Stephens Inc. AR boosted its position in 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 during the last quarter. Matrix Trust Co boosted its position in Trinity Industries by 60.2% during the 1st quarter. Matrix Trust Co now owns 7,888 shares of the transportation company’s stock worth $221,000 after acquiring an additional 2,965 shares during the last quarter. Finally, Focus Partners Wealth boosted its position in Trinity Industries by 45.0% during the 4th quarter. Focus Partners Wealth now owns 8,365 shares of the transportation company’s stock worth $296,000 after acquiring an additional 2,595 shares during the last quarter. Institutional investors and hedge funds own 86.57% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Wall Street Zen downgraded Trinity Industries from a “hold” rating to a “sell” rating in a report on Saturday, August 2nd. 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 report on Tuesday, July 29th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $27.50.

Trinity Industries Trading Up 4.1%

Shares of TRN stock opened at $29.0040 on Friday. The company has a market cap of $2.34 billion, a P/E ratio of 25.44 and a beta of 1.49. The stock has a 50 day simple moving average of $27.01 and a two-hundred day simple moving average of $27.69. The company has a debt-to-equity ratio of 4.66, a quick ratio of 1.01 and a current ratio of 1.96. Trinity Industries, Inc. has a fifty-two week low of $22.38 and a fifty-two week high of $39.83.

Trinity Industries (NYSE:TRN) last issued its earnings results on Thursday, July 31st. The transportation company reported $0.19 earnings per share 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 business had revenue of $506.20 million during the quarter, compared to the consensus estimate of $589.96 million. During the same quarter in the previous year, the firm posted $0.66 earnings per share. The company’s revenue for the quarter was down 39.8% compared to the same quarter last year. Trinity Industries has set its FY 2025 guidance at 1.400-1.60 EPS. Research analysts forecast that Trinity Industries, Inc. will post 1.65 earnings per share for the current year.

Trinity Industries 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.