TD Cowen Increases Trinity Industries (NYSE:TRN) Price Target to $33.00

Trinity Industries (NYSE:TRN) had its price objective upped by TD Cowen from $30.00 to $33.00 in a research report issued on Thursday, Briefing.com reports. The brokerage presently has a “buy” rating on the transportation company’s stock. TD Cowen’s price objective suggests a potential upside of 11.68% from the stock’s current price.

Separately, Susquehanna cut their price target on shares of Trinity Industries from $32.00 to $30.00 and set a “positive” rating for the company in a report on Friday, February 23rd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $30.00.

Trinity Industries Stock Performance

TRN opened at $29.55 on Thursday. The business has a fifty day simple moving average of $26.46 and a 200 day simple moving average of $25.49. The company has a market capitalization of $2.42 billion, a PE ratio of 23.45 and a beta of 1.39. Trinity Industries has a 1 year low of $20.04 and a 1 year high of $29.83. The company has a debt-to-equity ratio of 4.51, a current ratio of 1.91 and a quick ratio of 0.78.

Trinity Industries (NYSE:TRN) last announced its earnings results on Thursday, February 22nd. The transportation company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.66 by $0.16. Trinity Industries had a net margin of 3.55% and a return on equity of 9.29%. The company had revenue of $797.90 million for the quarter, compared to analysts’ expectations of $749.25 million. During the same period last year, the firm earned $0.44 earnings per share. The business’s revenue for the quarter was up 35.0% on a year-over-year basis. Research analysts expect that Trinity Industries will post 1.46 EPS for the current year.

Insider Activity at Trinity Industries

In other news, CFO Eric R. Marchetto sold 9,781 shares of the stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $28.00, for a total value of $273,868.00. Following the completion of the transaction, the chief financial officer now directly owns 233,704 shares in the company, valued at approximately $6,543,712. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. TFO Wealth Partners LLC raised its position in Trinity Industries by 22,360.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,123 shares of the transportation company’s stock worth $30,000 after purchasing an additional 1,118 shares during the last quarter. ICA Group Wealth Management LLC bought a new position in shares of Trinity Industries during the fourth quarter worth about $32,000. Ramirez Asset Management Inc. bought a new position in shares of Trinity Industries during the third quarter worth about $32,000. Huntington National Bank boosted its holdings in Trinity Industries by 61.8% in the third quarter. Huntington National Bank now owns 1,382 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 528 shares during the last quarter. Finally, Northwest Bank & Trust Co acquired a new stake in Trinity Industries during the 4th quarter valued at approximately $66,000. Institutional investors and hedge funds own 86.57% of the company’s stock.

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.