News coverage about Trinity Industries (NYSE:TRN) has been trending somewhat positive on Saturday, according to Accern Sentiment Analysis. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Trinity Industries earned a coverage optimism score of 0.18 on Accern’s scale. Accern also assigned media stories about the transportation company an impact score of 46.9308193922299 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the media stories that may have impacted Accern Sentiment’s rankings:
- Trinity Industries, Inc. (TRN) Given Average Recommendation of “Hold” by Analysts (americanbankingnews.com)
- Trinity Industries, Inc. (NYSE:TRN) Major Shareholder Buys $1,562,385.00 in Stock (americanbankingnews.com)
- Holdings L.P. Valueact Acquires 167,395 Shares of Trinity Industries, Inc. (NYSE:TRN) Stock (americanbankingnews.com)
- Trinity Industries, Inc. (TRN) Major Shareholder Holdings L.P. Valueact Buys 100,000 Shares (americanbankingnews.com)
- Earnings Review and Free Research Report: Westinghouse Air Brake Technologies Reported Earnings Results; Updated its Outlook (finance.yahoo.com)
Shares of Trinity Industries (TRN) opened at 28.22 on Friday. The stock’s 50 day moving average is $27.48 and its 200-day moving average is $27.05. Trinity Industries has a one year low of $20.80 and a one year high of $30.13. The stock has a market cap of $4.27 billion, a P/E ratio of 17.34 and a beta of 2.18.
Trinity Industries (NYSE:TRN) last released its quarterly earnings results on Tuesday, July 25th. The transportation company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.31 by $0.02. The company had revenue of $905.50 million for the quarter, compared to analyst estimates of $947.40 million. Trinity Industries had a return on equity of 5.75% and a net margin of 6.20%. The firm’s revenue was down 23.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 earnings per share. On average, equities analysts forecast that Trinity Industries will post $1.25 EPS for the current year.
TRN has been the subject of several analyst reports. Zacks Investment Research cut shares of Trinity Industries from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 25th. ValuEngine raised shares of Trinity Industries from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. BidaskClub raised shares of Trinity Industries from a “strong sell” rating to a “sell” rating in a research report on Thursday, June 15th. Axiom Securities reaffirmed a “sell” rating on shares of Trinity Industries in a research report on Friday, June 16th. Finally, Buckingham Research started coverage on shares of Trinity Industries in a research note on Wednesday, June 21st. They issued a “buy” rating and a $32.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $26.78.
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In other news, insider D Stephen Menzies sold 27,742 shares of the company’s stock in a transaction on Monday, June 5th. The stock was sold at an average price of $26.11, for a total value of $724,343.62. Following the sale, the insider now directly owns 236,707 shares in the company, valued at $6,180,419.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Holdings L.P. Valueact acquired 55,700 shares of Trinity Industries stock in a transaction dated Friday, August 4th. The stock was bought at an average price of $28.05 per share, for a total transaction of $1,562,385.00. The disclosure for this purchase can be found here. In the last three months, insiders bought 323,095 shares of company stock worth $8,905,421. Corporate insiders own 2.00% 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.
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