Trinity Industries, Inc. (NYSE:TRN) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Saturday.

According to Zacks, “Trinity Industries, Inc. is engaged in the manufacture, marketing, and leasing of a wide variety of products consisting of the following business segments or groups: Railcar Group, Inland Barge Group, Parts and Services Group, Highway Construction Product Group, Concrete & Aggregate Group, Industrial Group, and others. Others includes transportation services, the company’s captive insurance company, and other peripheral businesses. “

A number of other brokerages also recently issued reports on TRN. Axiom Securities restated a “sell” rating on shares of Trinity Industries in a research report on Thursday, July 13th. ValuEngine downgraded Trinity Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. TheStreet upgraded Trinity Industries from a “c” rating to a “b-” rating in a research report on Monday, August 14th. Cowen and Company raised their price objective on Trinity Industries from $30.00 to $31.00 and gave the stock an “outperform” rating in a research report on Thursday, July 27th. Finally, BidaskClub downgraded Trinity Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. Trinity Industries has a consensus rating of “Hold” and a consensus target price of $26.89.

Shares of Trinity Industries (NYSE:TRN) opened at 29.56 on Friday. Trinity Industries has a 52 week low of $20.80 and a 52 week high of $30.13. The company has a market capitalization of $4.47 billion, a PE ratio of 18.17 and a beta of 2.18. The stock has a 50 day moving average price of $28.62 and a 200-day moving average price of $27.25.

Trinity Industries (NYSE:TRN) last announced its quarterly earnings results on Tuesday, July 25th. The transportation company reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.02. Trinity Industries had a return on equity of 5.75% and a net margin of 6.20%. The firm had revenue of $905.50 million for the quarter, compared to analyst estimates of $947.40 million. During the same period last year, the firm posted $0.62 earnings per share. The business’s revenue for the quarter was down 23.6% on a year-over-year basis. Equities research analysts expect that Trinity Industries will post $1.23 EPS for the current year.

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In other Trinity Industries news, major shareholder Valueact Capital Master Fund, bought 202,500 shares of the stock in a transaction on Friday, August 11th. The stock was acquired at an average cost of $28.47 per share, for a total transaction of $5,765,175.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Holdings L.P. Valueact bought 167,395 shares of the stock in a transaction on Thursday, August 3rd. The stock was acquired at an average price of $27.51 per share, with a total value of $4,605,036.45. The disclosure for this purchase can be found here. Insiders have bought 1,709,624 shares of company stock valued at $48,298,143 over the last 90 days. 2.00% of the stock is owned by corporate insiders.

A number of hedge funds have recently modified their holdings of the business. Advisory Services Network LLC increased its holdings in Trinity Industries by 47.0% in the second quarter. Advisory Services Network LLC now owns 10,785 shares of the transportation company’s stock worth $302,000 after purchasing an additional 3,450 shares in the last quarter. Greenwood Gearhart Inc. increased its holdings in Trinity Industries by 2.5% in the second quarter. Greenwood Gearhart Inc. now owns 149,800 shares of the transportation company’s stock worth $4,199,000 after purchasing an additional 3,590 shares in the last quarter. Ameritas Investment Partners Inc. increased its holdings in Trinity Industries by 1.1% in the second quarter. Ameritas Investment Partners Inc. now owns 62,738 shares of the transportation company’s stock worth $1,758,000 after purchasing an additional 675 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in Trinity Industries by 7.5% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 10,037 shares of the transportation company’s stock worth $281,000 after purchasing an additional 704 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in Trinity Industries by 4,963.0% in the second quarter. Tower Research Capital LLC TRC now owns 12,860 shares of the transportation company’s stock worth $360,000 after purchasing an additional 12,606 shares in the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

Trinity Industries Company Profile

Trinity Industries, Inc is a diversified industrial company that owns businesses providing products and services to the energy, chemical, agriculture, transportation and construction sectors. The Company’s products and services include railcars and railcar parts; parts and steel components; the leasing, management and maintenance of railcars; highway products; construction aggregates; inland barges; structural wind towers; steel utility structures; storage and distribution containers, and trench shields and shoring products.

Analyst Recommendations for Trinity Industries (NYSE:TRN)

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