The Goldman Sachs Group Begins Coverage on Trinity Industries (NYSE:TRN)

The Goldman Sachs Group began coverage on shares of Trinity Industries (NYSE:TRN) in a research note published on Monday morning, MarketBeat.com reports. The firm issued a neutral rating and a $39.00 target price on the transportation company’s stock.

Several other research analysts have also recently issued reports on TRN. StockNews.com cut Trinity Industries from a “buy” rating to a “hold” rating in a research report on Monday, November 4th. Susquehanna cut Trinity Industries from a “positive” rating to a “neutral” rating and upped their price objective for the stock from $34.00 to $35.00 in a research report on Monday, October 21st.

Trinity Industries Trading Down 2.5 %

TRN opened at $37.03 on Monday. Trinity Industries has a 12 month low of $23.40 and a 12 month high of $38.69. The stock has a market capitalization of $3.04 billion, a price-to-earnings ratio of 18.06 and a beta of 1.39. The company has a debt-to-equity ratio of 4.39, a current ratio of 2.00 and a quick ratio of 1.08. The business has a fifty day moving average price of $34.91 and a 200 day moving average price of $32.46.

Trinity Industries (NYSE:TRN) last released its earnings results on Thursday, October 31st. The transportation company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.38 by $0.05. Trinity Industries had a return on equity of 14.57% and a net margin of 5.31%. The firm had revenue of $798.80 million during the quarter, compared to analysts’ expectations of $696.00 million. During the same period in the previous year, the firm posted $0.26 EPS. Trinity Industries’s revenue for the quarter was down 2.7% on a year-over-year basis. Sell-side analysts expect that Trinity Industries will post 1.75 earnings per share for the current fiscal year.

Trinity Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 3.02%. The ex-dividend date was Tuesday, October 15th. Trinity Industries’s payout ratio is currently 54.63%.

Institutional Trading of Trinity Industries

Several institutional investors and hedge funds have recently made changes to their positions in the company. Matrix Trust Co purchased a new stake in Trinity Industries during the 3rd quarter valued at approximately $25,000. Innealta Capital LLC purchased a new stake in Trinity Industries during the 2nd quarter valued at approximately $31,000. GAMMA Investing LLC raised its stake in Trinity Industries by 85.6% during the 3rd quarter. GAMMA Investing LLC now owns 1,017 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 469 shares during the last quarter. Canada Pension Plan Investment Board purchased a new stake in Trinity Industries during the 2nd quarter valued at approximately $54,000. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in Trinity Industries during the 2nd quarter valued at approximately $175,000. 86.57% of the stock is owned by hedge funds and other institutional investors.

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.