ValuEngine Downgrades Trinity Industries (NYSE:TRN) to Strong Sell
Several other brokerages also recently issued reports on TRN. Stifel Nicolaus reissued a buy rating and issued a $170.00 price objective on shares of Spotify in a research note on Friday, April 26th. TheStreet downgraded shares of Trinity Industries from a b rating to a c rating in a research note on Thursday, April 25th. Stephens initiated coverage on shares of Carrizo Oil & Gas in a research note on Thursday, March 28th. They issued an equal weight rating and a $15.00 price objective for the company. Finally, Zacks Investment Research raised shares of Investar from a hold rating to a buy rating and set a $27.00 price objective for the company in a research note on Tuesday, June 4th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. The company presently has an average rating of Hold and an average target price of $26.00.
Shares of NYSE TRN opened at $18.96 on Friday. The company has a current ratio of 1.91, a quick ratio of 0.84 and a debt-to-equity ratio of 1.82. The company has a market capitalization of $2.41 billion, a P/E ratio of 23.70, a P/E/G ratio of 1.37 and a beta of 1.97. Trinity Industries has a 1 year low of $18.19 and a 1 year high of $39.35. The stock has a 50-day moving average price of $19.84.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, July 15th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 3.59%. The ex-dividend date of this dividend is Friday, July 12th. Trinity Industries’s dividend payout ratio is presently 85.00%.
In other news, insider Brian D. Madison sold 2,157 shares of Trinity Industries stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $20.90, for a total transaction of $45,081.30. Following the completion of the sale, the insider now owns 58,345 shares of the company’s stock, valued at $1,219,410.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 18.50% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. First Hawaiian Bank bought a new stake in shares of Trinity Industries during the first quarter valued at approximately $62,000. Private Capital Group LLC increased its holdings in Trinity Industries by 45.3% during the first quarter. Private Capital Group LLC now owns 2,975 shares of the transportation company’s stock valued at $65,000 after buying an additional 927 shares during the period. BNP Paribas Arbitrage SA increased its holdings in Trinity Industries by 62.1% during the first quarter. BNP Paribas Arbitrage SA now owns 3,817 shares of the transportation company’s stock valued at $83,000 after buying an additional 1,463 shares during the period. Dupont Capital Management Corp purchased a new position in Trinity Industries during the first quarter valued at approximately $148,000. Finally, Investors Research Corp purchased a new position in Trinity Industries during the first quarter valued at approximately $197,000. 86.62% of the stock is owned by hedge funds and other institutional investors.
About Trinity Industries
Trinity Industries, Inc provides rail transportation products and services in North America. It operates through three segments: Railcar Leasing and Management Services Group, Rail Products Group, and All Other. The Railcar Leasing and Management Services Group segment leases freight and tank railcars; originates and manages railcar leases for third-party investor-owned fund; and provides fleet maintenance and management services to industrial shippers.
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