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

Investment analysts at The Goldman Sachs Group began coverage on shares of Trinity Industries (NYSE:TRN) in a report issued on Monday, Marketbeat reports. The firm set a “neutral” rating and a $39.00 price target on the transportation company’s stock. The Goldman Sachs Group’s price objective points to a potential upside of 4.78% from the stock’s current price.

Other research analysts have also recently issued reports about the stock. Susquehanna cut shares of Trinity Industries from a “positive” rating to a “neutral” rating and increased their price target for the company from $34.00 to $35.00 in a research report on Monday, October 21st. StockNews.com downgraded shares of Trinity Industries from a “buy” rating to a “hold” rating in a research report on Monday, November 4th.

Trinity Industries Stock Down 0.4 %

TRN opened at $37.22 on Monday. Trinity Industries has a fifty-two week low of $23.40 and a fifty-two week high of $38.69. The company’s 50-day moving average is $34.62 and its 200 day moving average is $32.34. 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 firm has a market capitalization of $3.06 billion, a P/E ratio of 18.16 and a beta of 1.39.

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

Hedge Funds Weigh In On Trinity Industries

Several large investors have recently added to or reduced their stakes in the company. Capital International Investors boosted its stake in Trinity Industries by 0.4% in the 1st quarter. Capital International Investors now owns 8,677,153 shares of the transportation company’s stock worth $241,659,000 after purchasing an additional 31,313 shares during the period. State Street Corp raised its position in Trinity Industries by 2.3% during the third quarter. State Street Corp now owns 3,226,026 shares of the transportation company’s stock valued at $112,395,000 after purchasing an additional 73,183 shares during the period. Geode Capital Management LLC lifted its position in Trinity Industries by 1.4% in the third quarter. Geode Capital Management LLC now owns 1,848,591 shares of the transportation company’s stock worth $64,418,000 after buying an additional 24,832 shares during the last quarter. Encompass Capital Advisors LLC bought a new stake in shares of Trinity Industries in the 2nd quarter worth about $40,527,000. Finally, American Century Companies Inc. boosted its position in shares of Trinity Industries by 136.2% during the second quarter. American Century Companies Inc. now owns 1,047,663 shares of the transportation company’s stock valued at $31,346,000 after buying an additional 604,050 shares during the period. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Trinity Industries Company 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.