Trinity Industries (NYSE:TRN) Downgraded by Susquehanna

Susquehanna downgraded shares of Trinity Industries (NYSE:TRN) from a positive rating to a neutral rating in a research note issued to investors on Monday morning, Marketbeat reports. Susquehanna currently has $35.00 target price on the transportation company’s stock, up from their previous target price of $34.00.

Separately, StockNews.com upgraded shares of Trinity Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, September 10th.

Trinity Industries Price Performance

TRN opened at $34.76 on Monday. The company has a market capitalization of $2.87 billion, a price-to-earnings ratio of 17.92 and a beta of 1.39. The company has a quick ratio of 0.98, a current ratio of 1.91 and a debt-to-equity ratio of 4.39. The firm has a 50-day moving average price of $33.37 and a 200-day moving average price of $31.25. Trinity Industries has a twelve month low of $20.04 and a twelve month high of $37.04.

Trinity Industries (NYSE:TRN) last posted its earnings results on Thursday, August 1st. The transportation company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.32. The firm had revenue of $841.40 million during the quarter, compared to the consensus estimate of $738.00 million. Trinity Industries had a net margin of 4.98% and a return on equity of 13.66%. The company’s revenue was up 16.5% on a year-over-year basis. During the same quarter last year, the company earned $0.23 earnings per share. Equities analysts expect that Trinity Industries will post 1.65 EPS for the current year.

Trinity Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be given a $0.28 dividend. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.22%. Trinity Industries’s dividend payout ratio (DPR) is currently 57.73%.

Hedge Funds Weigh In On Trinity Industries

Large investors have recently modified their holdings of the company. Matrix Trust Co bought a new position in shares of Trinity Industries in the third quarter valued at approximately $25,000. GAMMA Investing LLC lifted its position in Trinity Industries by 85.6% during the third quarter. GAMMA Investing LLC now owns 1,017 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 469 shares during the last quarter. Innealta Capital LLC bought a new stake in Trinity Industries during the second quarter valued at approximately $31,000. Canada Pension Plan Investment Board bought a new stake in Trinity Industries during the second quarter valued at approximately $54,000. Finally, Tradewinds Capital Management LLC bought a new stake in Trinity Industries during the first quarter valued at approximately $111,000. 86.57% of the stock is currently owned by institutional investors.

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.