Trinity Industries (NYSE:TRN) Price Target Raised to $35.00

Trinity Industries (NYSE:TRN) had its price objective boosted by Susquehanna from $34.00 to $35.00 in a research note issued to investors on Monday,Benzinga reports. Susquehanna currently has a neutral rating on the transportation company’s stock.

A number of other analysts have also recently commented on the stock. StockNews.com cut shares of Trinity Industries from a “buy” rating to a “hold” rating in a research note on Monday, November 4th. The Goldman Sachs Group initiated coverage on shares of Trinity Industries in a research note on Monday, November 18th. They issued a “neutral” rating and a $39.00 price target for the company.

Trinity Industries Stock Up 1.5 %

Trinity Industries stock opened at $29.89 on Monday. The company has a market cap of $2.44 billion, a P/E ratio of 18.22 and a beta of 1.40. Trinity Industries has a 1-year low of $25.09 and a 1-year high of $39.83. The company has a fifty day simple moving average of $35.50 and a 200 day simple moving average of $35.17. The company has a current ratio of 1.80, a quick ratio of 1.08 and a debt-to-equity ratio of 4.35.

Trinity Industries (NYSE:TRN) last released its earnings results on Thursday, February 20th. The transportation company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. The business had revenue of $629.40 million during the quarter, compared to the consensus estimate of $589.30 million. Trinity Industries had a net margin of 4.49% and a return on equity of 11.78%. Research analysts anticipate that Trinity Industries will post 1.65 earnings per share for the current fiscal year.

Insider Buying and Selling at Trinity Industries

In other news, EVP Gregory B. Mitchell sold 9,286 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $31.02, for a total transaction of $288,051.72. Following the completion of the sale, the executive vice president now owns 111,879 shares in the company, valued at approximately $3,470,486.58. This trade represents a 7.66 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.60% of the company’s stock.

Institutional Trading of Trinity Industries

A number of hedge funds have recently modified their holdings of the stock. Creative Planning increased its position in Trinity Industries by 6.1% during the third quarter. Creative Planning now owns 17,388 shares of the transportation company’s stock worth $606,000 after acquiring an additional 1,000 shares during the period. International Assets Investment Management LLC increased its position in Trinity Industries by 3,384.0% during the third quarter. International Assets Investment Management LLC now owns 10,452 shares of the transportation company’s stock worth $364,000 after acquiring an additional 10,152 shares during the period. Nisa Investment Advisors LLC increased its position in Trinity Industries by 25.9% during the third quarter. Nisa Investment Advisors LLC now owns 25,500 shares of the transportation company’s stock worth $888,000 after acquiring an additional 5,247 shares during the period. Atria Investments Inc bought a new position in Trinity Industries during the third quarter worth about $270,000. Finally, Crossmark Global Holdings Inc. bought a new position in Trinity Industries during the third quarter worth about $204,000. 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.