Trinity Industries Inc (NYSE:TRN) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totalling 12,358,500 shares, an increase of 8.5% from the June 30th total of 11,391,800 shares. Based on an average daily trading volume, of 1,270,000 shares, the short-interest ratio is currently 9.7 days. Currently, 9.5% of the shares of the stock are sold short.

Trinity Industries stock traded down $0.72 during midday trading on Thursday, hitting $16.39. 63,486 shares of the stock were exchanged, compared to its average volume of 1,581,344. Trinity Industries has a fifty-two week low of $17.03 and a fifty-two week high of $39.35. The firm has a market cap of $2.37 billion, a PE ratio of 20.71, a price-to-earnings-growth ratio of 1.35 and a beta of 1.98. The stock’s 50-day moving average price is $19.56. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.91 and a quick ratio of 0.84.

Trinity Industries (NYSE:TRN) last released its quarterly earnings data on Wednesday, July 24th. The transportation company reported $0.29 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.02). Trinity Industries had a return on equity of 5.40% and a net margin of 4.06%. The firm had revenue of $736.00 million for the quarter, compared to analyst estimates of $796.00 million. During the same quarter in the previous year, the business posted $0.43 earnings per share. Trinity Industries’s revenue for the quarter was up 16.1% on a year-over-year basis. As a group, equities analysts anticipate that Trinity Industries will post 1.35 EPS for the current fiscal year.

Several equities research analysts recently issued reports on the stock. Buckingham Research set a $22.00 price objective on shares of Trinity Industries and gave the stock a “hold” rating in a research report on Friday, July 26th. ValuEngine upgraded shares of Trinity Industries from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 1st. TheStreet cut shares of Trinity Industries from a “b” rating to a “c” rating in a research report on Thursday, April 25th. Stifel Nicolaus set a $33.00 price objective on shares of Trinity Industries and gave the stock a “buy” rating in a research report on Friday, April 26th. Finally, Zacks Investment Research cut shares of Trinity Industries from a “buy” rating to a “hold” rating and set a $17.00 price objective for the company. in a research report on Tuesday, June 4th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $26.00.

In other news, insider Brian D. Madison sold 2,157 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $20.90, for a total value of $45,081.30. Following the transaction, the insider now directly owns 58,345 shares of the company’s stock, valued at $1,219,410.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Brandon B. Boze purchased 108,796 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The stock was acquired at an average cost of $19.84 per share, for a total transaction of $2,158,512.64. The disclosure for this purchase can be found here. Company insiders own 18.50% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Commonwealth Equity Services LLC increased its position in shares of Trinity Industries by 17.2% during the second quarter. Commonwealth Equity Services LLC now owns 37,187 shares of the transportation company’s stock valued at $771,000 after acquiring an additional 5,460 shares during the last quarter. Steward Partners Investment Advisory LLC increased its position in shares of Trinity Industries by 14.9% during the first quarter. Steward Partners Investment Advisory LLC now owns 33,968 shares of the transportation company’s stock valued at $738,000 after acquiring an additional 4,400 shares during the last quarter. Strs Ohio increased its position in shares of Trinity Industries by 12.8% during the first quarter. Strs Ohio now owns 15,117 shares of the transportation company’s stock valued at $328,000 after acquiring an additional 1,717 shares during the last quarter. Laurion Capital Management LP acquired a new stake in shares of Trinity Industries during the first quarter valued at about $1,892,000. Finally, Zuckerman Investment Group LLC increased its position in shares of Trinity Industries by 0.3% during the first quarter. Zuckerman Investment Group LLC now owns 644,745 shares of the transportation company’s stock valued at $14,010,000 after acquiring an additional 1,791 shares during the last quarter. Institutional investors and hedge funds own 84.65% of the company’s stock.

Trinity Industries Company Profile

Trinity Industries, Inc provides rail transportation products and services in North America. It operates through three segments: Railcar Leasing and Management Services Group, Rail Products Group, and All Other. The Railcar Leasing and Management Services Group segment leases freight and tank railcars; originates and manages railcar leases for third-party investor-owned fund; and provides fleet maintenance and management services to industrial shippers.

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