First National Bank Of Mount Dora Trust Investment Services buys $2.4 Million stake in Trinity Industries Inc (TRN)

Trinity Industries Inc (TRN) : First National Bank Of Mount Dora Trust Investment Services scooped up 34,565 additional shares in Trinity Industries Inc during the most recent quarter end , according to a recent disclosure to the SEC on Apr 5, 2016. The investment management firm now holds a total of 126,959 shares of Trinity Industries Inc which is valued at $2.4 Million.Trinity Industries Inc makes up approximately 1.40% of First National Bank Of Mount Dora Trust Investment Services’s portfolio.

Other Hedge Funds, Including , Weaver C. Barksdale Associates boosted its stake in TRN in the latest quarter, The investment management firm added 241 additional shares and now holds a total of 1,351 shares of Trinity Industries Inc which is valued at $25,115. Trinity Industries Inc makes up approx 0.02% of Weaver C. Barksdale Associates’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. 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 was Downgraded by BB&T Capital Mkts to ” Underweight” on Feb 19, 2016.

Trinity Industries Inc opened for trading at $18.51 and hit $18.9 on the upside on Monday, eventually ending the session at $18.59, with a gain of 1.14% or 0.21 points. The heightened volatility saw the trading volume jump to 13,36,421 shares. Company has a market cap of $2,842 M.

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.

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