Russell Investments Group Ltd. Buys 1,778 Shares of Trinity Industries, Inc. $TRN

Russell Investments Group Ltd. increased its holdings in shares of Trinity Industries, Inc. (NYSE:TRN) by 97.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,604 shares of the transportation company’s stock after buying an additional 1,778 shares during the quarter. Russell Investments Group Ltd.’s holdings in Trinity Industries were worth $101,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in TRN. Headlands Technologies LLC raised its stake in Trinity Industries by 3,418.2% during the 1st quarter. Headlands Technologies LLC now owns 1,548 shares of the transportation company’s stock worth $43,000 after buying an additional 1,504 shares during the period. Stephens Inc. AR raised 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 worth $205,000 after buying an additional 444 shares during the period. Matrix Trust Co raised 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 worth $221,000 after buying an additional 2,965 shares during the period. Mercer Global Advisors Inc. ADV acquired a new stake in Trinity Industries during the 4th quarter worth $225,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in Trinity Industries during the 4th quarter worth $241,000. Institutional investors and hedge funds own 86.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Susquehanna dropped their price objective 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 raised Trinity Industries from a “sell” rating to a “hold” rating in a research note on Saturday, August 30th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $27.50.

Trinity Industries Stock Performance

TRN opened at $27.87 on Thursday. The business’s 50-day moving average price is $27.38 and its two-hundred day moving average price is $27.25. Trinity Industries, Inc. has a 1 year low of $22.38 and a 1 year high of $39.83. The company has a market capitalization of $2.25 billion, a price-to-earnings ratio of 24.44 and a beta of 1.53. The company has a debt-to-equity ratio of 4.66, a current ratio of 1.96 and a quick ratio of 1.01.

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