Vertical Group downgraded shares of Trinity Industries (NYSE:TRN) from a hold rating to a sell rating in a report published on Tuesday, The Fly reports. The firm currently has $12.00 price target on the transportation company’s stock.

A number of other brokerages have also recently commented on TRN. ValuEngine cut Trinity Industries from a buy rating to a hold rating in a research note on Friday, October 26th. Cowen reiterated a buy rating and issued a $47.00 price target on shares of Trinity Industries in a research note on Wednesday, October 24th. Buckingham Research increased their price target on Trinity Industries from $45.00 to $47.00 and gave the company a buy rating in a research note on Friday, October 5th. Wells Fargo & Co dropped their price target on Trinity Industries from $53.00 to $35.00 and set an outperform rating for the company in a research note on Thursday, November 1st. They noted that the move was a valuation call. Finally, Mizuho set a $40.00 price target on Trinity Industries and gave the company a buy rating in a research note on Tuesday, October 30th. Four research analysts have rated the stock with a sell rating and eight have issued a buy rating to the company. Trinity Industries presently has an average rating of Hold and a consensus target price of $32.20.

Shares of TRN opened at $22.07 on Tuesday. Trinity Industries has a 52 week low of $20.65 and a 52 week high of $39.35. The firm has a market capitalization of $3.28 billion, a PE ratio of 14.52, a PEG ratio of 3.40 and a beta of 2.29. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.50 and a quick ratio of 1.38.

Trinity Industries (NYSE:TRN) last announced its quarterly earnings results on Wednesday, October 24th. The transportation company reported $0.39 EPS for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.02). Trinity Industries had a net margin of 18.57% and a return on equity of 5.38%. The firm had revenue of $930.90 million during the quarter, compared to the consensus estimate of $969.60 million. During the same quarter in the previous year, the company posted $0.43 earnings per share. As a group, analysts expect that Trinity Industries will post 0.66 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 31st. Investors of record on Tuesday, January 15th will be issued a $0.13 dividend. The ex-dividend date is Monday, January 14th. This represents a $0.52 dividend on an annualized basis and a yield of 2.36%. Trinity Industries’s payout ratio is 34.21%.

In related news, Director Brandon B. Boze acquired 143,576 shares of the firm’s stock in a transaction that occurred on Tuesday, November 20th. The stock was acquired at an average cost of $21.99 per share, for a total transaction of $3,157,236.24. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Brandon B. Boze acquired 8,788 shares of the firm’s stock in a transaction that occurred on Friday, November 23rd. The stock was bought at an average price of $22.00 per share, with a total value of $193,336.00. The disclosure for this purchase can be found here. Corporate insiders own 2.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of TRN. Point72 Hong Kong Ltd acquired a new stake in Trinity Industries in the second quarter valued at $130,000. Meeder Asset Management Inc. acquired a new stake in Trinity Industries in the third quarter valued at $170,000. KBC Group NV increased its holdings in Trinity Industries by 108.0% in the second quarter. KBC Group NV now owns 5,637 shares of the transportation company’s stock valued at $193,000 after purchasing an additional 2,927 shares during the period. Oppenheimer & Co. Inc. acquired a new stake in Trinity Industries in the third quarter valued at $202,000. Finally, CIBC Asset Management Inc acquired a new stake in Trinity Industries in the third quarter valued at $202,000. Institutional investors and hedge funds own 81.28% of the company’s stock.

About Trinity Industries

Trinity Industries, Inc provides various products and services to the energy, chemical, agriculture, transportation, and construction sectors in the United States and internationally. Its Rail Group segment offers railcars, including autorack, box, covered hopper, gondola, intermodal, tank, and open hopper cars; and railcar maintenance services.

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Analyst Recommendations for Trinity Industries (NYSE:TRN)

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