UBS Group Upgrades Trinity Industries (TRN) to “Buy”

Trinity Industries (NYSE:TRN) was upgraded by research analysts at UBS Group from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, The Fly reports.

TRN has been the topic of a number of other research reports. Vertical Group raised Trinity Industries from a “sell” rating to a “hold” rating in a research report on Thursday, September 20th. Buckingham Research lifted their target price on Trinity Industries from $41.00 to $45.00 and gave the company a “buy” rating in a research report on Friday, July 27th. Stifel Nicolaus lifted their target price on Trinity Industries from $45.00 to $47.00 and gave the company a “buy” rating in a research report on Friday, October 5th. Mizuho reissued a “buy” rating and issued a $48.00 target price on shares of Trinity Industries in a research report on Thursday, July 26th. Finally, TheStreet raised Trinity Industries from a “c+” rating to a “b” rating in a research report on Monday, July 23rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $41.11.

Shares of NYSE TRN traded up $0.48 during mid-day trading on Tuesday, reaching $27.98. 164,343 shares of the company’s stock were exchanged, compared to its average volume of 2,120,923. Trinity Industries has a twelve month low of $27.05 and a twelve month high of $39.35. The firm has a market cap of $4.08 billion, a P/E ratio of 18.41, a P/E/G ratio of 1.70 and a beta of 2.18. 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 earnings results on Wednesday, October 24th. The transportation company reported $0.39 earnings per share (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 analyst estimates of $969.60 million. During the same period in the prior year, the business posted $0.43 EPS. Equities analysts anticipate that Trinity Industries will post 1.64 EPS for the current year.

A number of hedge funds have recently bought and sold shares of the business. Vident Investment Advisory LLC boosted its stake in Trinity Industries by 1.5% in the 2nd quarter. Vident Investment Advisory LLC now owns 97,222 shares of the transportation company’s stock valued at $3,331,000 after purchasing an additional 1,458 shares during the period. United Services Automobile Association boosted its stake in Trinity Industries by 5.9% in the 2nd quarter. United Services Automobile Association now owns 26,895 shares of the transportation company’s stock valued at $921,000 after purchasing an additional 1,500 shares during the period. Arizona State Retirement System boosted its stake in Trinity Industries by 1.6% in the 2nd quarter. Arizona State Retirement System now owns 103,649 shares of the transportation company’s stock valued at $3,551,000 after purchasing an additional 1,597 shares during the period. CIBC World Markets Inc. boosted its stake in Trinity Industries by 11.1% in the 1st quarter. CIBC World Markets Inc. now owns 17,740 shares of the transportation company’s stock valued at $579,000 after purchasing an additional 1,775 shares during the period. Finally, Greenwood Gearhart Inc. raised its holdings in Trinity Industries by 1.4% in the 2nd quarter. Greenwood Gearhart Inc. now owns 176,263 shares of the transportation company’s stock valued at $6,039,000 after acquiring an additional 2,497 shares in the last quarter. Hedge funds and other institutional investors own 83.96% 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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