Trinity Industries Inc (TRN) : Daniel Devine Co reduced its stake in Trinity Industries Inc by 1.26% during the most recent quarter end. The investment management company now holds a total of 78,655 shares of Trinity Industries Inc which is valued at $1,544,784 after selling 1,000 shares in Trinity Industries Inc , the firm said in a disclosure report filed with the SEC on Apr 13, 2016.Trinity Industries Inc makes up approximately 0.99% of Daniel Devine Co’s portfolio.
Trinity Industries Inc closed down -0.32 points or -1.63% at $19.32 with 20,93,066 shares getting traded on Monday. Post opening the session at $19.41, the shares hit an intraday low of $19.13 and an intraday high of $19.66 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
Other Hedge Funds, Including , Benjamin F. Edwards Company reduced its stake in TRN by selling 1,925 shares or 78.19% in the most recent quarter. The Hedge Fund company now holds 537 shares of TRN which is valued at $10,547.Breton Hill Capital Ltd. boosted its stake in TRN in the latest quarter, The investment management firm added 9,228 additional shares and now holds a total of 49,586 shares of Trinity Industries Inc which is valued at $973,869. Trinity Industries Inc makes up approx 0.36% of Breton Hill Capital Ltd.’s portfolio.Denali Advisors boosted its stake in TRN in the latest quarter, The investment management firm added 2,000 additional shares and now holds a total of 125,900 shares of Trinity Industries Inc which is valued at $2,472,676. Trinity Industries Inc makes up approx 0.55% of Denali Advisors’s portfolio.Central Trust Co reduced its stake in TRN by selling 327 shares or 2.29% in the most recent quarter. The Hedge Fund company now holds 13,959 shares of TRN which is valued at $274,155. Trinity Industries Inc makes up approx 0.02% of Central Trust Co’s portfolio.New England Research Management reduced its stake in TRN by selling 1,000 shares or 5.74% in the most recent quarter. The Hedge Fund company now holds 16,415 shares of TRN which is valued at $305,155. Trinity Industries Inc makes up approx 0.26% of New England Research Management’s portfolio.
On the company’s financial health, Trinity Industries Inc reported $1.30 EPS for the quarter, beating the analyst consensus estimate by $ 0.21 according to the earnings call on Feb 18, 2016. Analyst had a consensus of $1.09. The company had revenue of $1547.00 million for the quarter, compared to analysts expectations of $1621.50 million. The company’s revenue was down -6.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.86 EPS.
Many Wall Street Analysts have commented on Trinity Industries Inc. Trinity Industries Inc was Downgraded by Stifel to ” Hold” on Apr 19, 2016. Shares were Reiterated by Cowen on Feb 22, 2016 to “Outperform” and Lowered the Price Target to $ 21 from a previous price target of $31 .Shares were Reiterated by Stifel on Feb 22, 2016 to “Buy” and Lowered the Price Target to $ 20 from a previous price target of $27 .
Trinity Industries Inc. is a diversified industrial company that owns businesses providing products and services to the energy transportation chemical and construction sectors. The Company’s products and services include railcars and railcar parts the leasing management and maintenance of railcars inland barges highway products aggregates storage and distribution containers structural wind towers electric utility structures and parts and steel components. The Company operates under the following segments: the Rail Group Construction Products Group Inland Barge Group Energy Equipment Group Railcar Leasing and Management Services Group and All Other. The Company caters to concrete producers which include commercial residential highway contractors manufacturers of masonry products and state and local municipalities. It also caters to commercial marine transportation companies wind turbine producers dealers and industrial users.