Comerica Bank Has $854,000 Stock Holdings in Trinity Industries, Inc. $TRN

Comerica Bank cut its position in Trinity Industries, Inc. (NYSE:TRN) by 3.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,452 shares of the transportation company’s stock after selling 1,065 shares during the period. Comerica Bank’s holdings in Trinity Industries were worth $854,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in TRN. Headlands Technologies LLC grew its stake in shares of Trinity Industries by 3,418.2% in the 1st quarter. Headlands Technologies LLC now owns 1,548 shares of the transportation company’s stock valued at $43,000 after buying an additional 1,504 shares during the period. Russell Investments Group Ltd. grew its stake in shares of Trinity Industries by 97.4% in the 1st quarter. Russell Investments Group Ltd. now owns 3,604 shares of the transportation company’s stock valued at $101,000 after buying an additional 1,778 shares during the period. Stephens Inc. AR grew its stake in shares of Trinity Industries by 6.5% in the 1st quarter. Stephens Inc. AR now owns 7,317 shares of the transportation company’s stock valued at $205,000 after buying an additional 444 shares during the period. Matrix Trust Co grew its stake in shares of Trinity Industries by 60.2% in the 1st quarter. Matrix Trust Co now owns 7,888 shares of the transportation company’s stock valued at $221,000 after buying an additional 2,965 shares during the period. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in shares of Trinity Industries in the 4th quarter valued at about $225,000. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Wall Street Zen upgraded Trinity Industries from a “sell” rating to a “hold” rating in a research note on Saturday, August 30th. Susquehanna reduced 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. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $27.50.

Trinity Industries Price Performance

TRN stock opened at $28.59 on Friday. The company has a market capitalization of $2.31 billion, a P/E ratio of 25.07 and a beta of 1.53. 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 52-week low of $22.38 and a 52-week high of $39.83. The business has a 50-day simple moving average of $27.44 and a two-hundred day simple moving average of $27.12.

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 analysts’ consensus estimates of $0.31 by ($0.12). The company had revenue of $506.20 million for the quarter, compared to analyst estimates of $589.96 million. Trinity Industries had a net margin of 3.83% and a return on equity of 8.49%. Trinity Industries’s revenue for the quarter was down 39.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.66 EPS. Trinity Industries has set its FY 2025 guidance at 1.400-1.60 EPS. Research analysts expect that Trinity Industries, Inc. will post 1.65 EPS for the current fiscal year.

Trinity Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Wednesday, October 15th. Trinity Industries’s payout ratio is presently 105.26%.

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.