Trinity Industries, Inc. (TRN) Receives “Buy” Rating from Cowen and Company

Cowen and Company reiterated their buy rating on shares of Trinity Industries, Inc. (NYSE:TRN) in a research note issued to investors on Tuesday. They currently have a $39.00 target price on the transportation company’s stock, up from their previous target price of $31.00. The analysts noted that the move was a valuation call.

Other equities analysts have also issued research reports about the company. Zacks Investment Research upgraded Trinity Industries from a hold rating to a buy rating and set a $32.00 price target for the company in a research report on Thursday, August 17th. Axiom Securities reiterated a sell rating on shares of Trinity Industries in a research report on Thursday, July 13th. TheStreet upgraded Trinity Industries from a c rating to a b- rating in a research report on Monday, August 14th. Stifel Nicolaus reiterated a buy rating and issued a $42.00 price target (up previously from $31.00) on shares of Trinity Industries in a research report on Sunday, October 1st. Finally, BidaskClub lowered Trinity Industries from a buy rating to a hold rating in a research report on Wednesday, July 12th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. Trinity Industries presently has a consensus rating of Buy and an average target price of $34.25.

Trinity Industries (NYSE TRN) opened at 33.91 on Tuesday. The firm has a market cap of $5.13 billion, a P/E ratio of 20.84 and a beta of 2.19. The company has a 50-day moving average of $31.15 and a 200 day moving average of $28.16. Trinity Industries has a 52 week low of $20.80 and a 52 week high of $35.97.

Trinity Industries (NYSE:TRN) last released its quarterly earnings results on Tuesday, July 25th. The transportation company reported $0.33 earnings per share 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 business had revenue of $905.50 million during the quarter, compared to analyst estimates of $947.40 million. During the same quarter last year, the company posted $0.62 EPS. Trinity Industries’s revenue for the quarter was down 23.6% on a year-over-year basis. On average, equities analysts predict that Trinity Industries will post $1.23 earnings per share for the current year.

WARNING: “Trinity Industries, Inc. (TRN) Receives “Buy” Rating from Cowen and Company” was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this news story on another site, it was illegally copied and republished in violation of U.S. and international copyright & trademark legislation. The original version of this news story can be accessed at https://ledgergazette.com/2017/10/18/trinity-industries-inc-trn-receives-buy-rating-from-cowen-and-company.html.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, October 13th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $0.52 dividend on an annualized basis and a yield of 1.53%. Trinity Industries’s payout ratio is presently 32.10%.

In other news, major shareholder Holdings L.P. Valueact purchased 7,114 shares of the business’s stock in a transaction dated Tuesday, August 8th. The stock was bought at an average cost of $28.50 per share, with a total value of $202,749.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Valueact Capital Master Fund, purchased 5,100 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The shares were purchased at an average cost of $28.41 per share, with a total value of $144,891.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 1,709,624 shares of company stock valued at $48,298,143 over the last 90 days. Corporate insiders own 2.00% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Advisory Services Network LLC raised its stake in shares of Trinity Industries by 47.0% during the 2nd 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. raised its stake in shares of Trinity Industries by 2.5% during the 2nd 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. raised its stake in shares of Trinity Industries by 1.1% during the 2nd 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. raised its stake in shares of Trinity Industries by 7.5% during the 2nd 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 raised its stake in shares of Trinity Industries by 4,963.0% during the 2nd 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. 80.65% of the stock

Other equities analysts have also issued research reports about the company. Zacks Investment Research upgraded Trinity Industries from a hold rating to a buy rating and set a $32.00 price target for the company in a research report on Thursday, August 17th. Axiom Securities reiterated a sell rating on shares of Trinity Industries in a research report on Thursday, July 13th. TheStreet upgraded Trinity Industries from a c rating to a b- rating in a research report on Monday, August 14th. Stifel Nicolaus reiterated a buy rating and issued a $42.00 price target (up previously from $31.00) on shares of Trinity Industries in a research report on Sunday, October 1st. Finally, BidaskClub lowered Trinity Industries from a buy rating to a hold rating in a research report on Wednesday, July 12th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. Trinity Industries presently has a consensus rating of Buy and an average target price of $34.25.

Trinity Industries (NYSE TRN) opened at 33.91 on Tuesday. The firm has a market cap of $5.13 billion, a P/E ratio of 20.84 and a beta of 2.19. The company has a 50-day moving average of $31.15 and a 200 day moving average of $28.16. Trinity Industries has a 52 week low of $20.80 and a 52 week high of $35.97.

Trinity Industries (NYSE:TRN) last released its quarterly earnings results on Tuesday, July 25th. The transportation company reported $0.33 earnings per share 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 business had revenue of $905.50 million during the quarter, compared to analyst estimates of $947.40 million. During the same quarter last year, the company posted $0.62 EPS. Trinity Industries’s revenue for the quarter was down 23.6% on a year-over-year basis. On average, equities analysts predict that Trinity Industries will post $1.23 earnings per share for the current year.

WARNING: “Trinity Industries, Inc. (TRN) Receives “Buy” Rating from Cowen and Company” was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this news story on another site, it was illegally copied and republished in violation of U.S. and international copyright & trademark legislation. The original version of this news story can be accessed at https://ledgergazette.com/2017/10/18/trinity-industries-inc-trn-receives-buy-rating-from-cowen-and-company.html.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, October 13th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $0.52 dividend on an annualized basis and a yield of 1.53%. Trinity Industries’s payout ratio is presently 32.10%.

In other news, major shareholder Holdings L.P. Valueact purchased 7,114 shares of the business’s stock in a transaction dated Tuesday, August 8th. The stock was bought at an average cost of $28.50 per share, with a total value of $202,749.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Valueact Capital Master Fund, purchased 5,100 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The shares were purchased at an average cost of $28.41 per share, with a total value of $144,891.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 1,709,624 shares of company stock valued at $48,298,143 over the last 90 days. Corporate insiders own 2.00% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Advisory Services Network LLC raised its stake in shares of Trinity Industries by 47.0% during the 2nd 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. raised its stake in shares of Trinity Industries by 2.5% during the 2nd 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. raised its stake in shares of Trinity Industries by 1.1% during the 2nd 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. raised its stake in shares of Trinity Industries by 7.5% during the 2nd 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 raised its stake in shares of Trinity Industries by 4,963.0% during the 2nd 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. 80.65% of the stock is owned by institutional investors.

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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