Trinity Industries Inc (TRN) : Summit Street Capital Management scooped up 30,007 additional shares in Trinity Industries Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 155,007 shares of Trinity Industries Inc which is valued at $3,599,263.Trinity Industries Inc makes up approximately 3.76% of Summit Street Capital Management’s portfolio.
Other Hedge Funds, Including , Leonard Capital Management sold out all of its stake in TRN during the most recent quarter. The investment firm sold 114,000 shares of TRN which is valued $2,647,080.Cornerstone Capital Management Holdings. boosted its stake in TRN in the latest quarter, The investment management firm added 81,443 additional shares and now holds a total of 470,955 shares of Trinity Industries Inc which is valued at $10,935,575. Trinity Industries Inc makes up approx 0.08% of Cornerstone Capital Management Holdings.’s portfolio. Lebenthal Asset Management added TRN to its portfolio by purchasing 110,172 company shares during the most recent quarter which is valued at $2,558,194. Trinity Industries Inc makes up approx 0.32% of Lebenthal Asset Management’s portfolio.Janney Montgomery Scott boosted its stake in TRN in the latest quarter, The investment management firm added 52,931 additional shares and now holds a total of 85,791 shares of Trinity Industries Inc which is valued at $2,011,799. Trinity Industries Inc makes up approx 0.03% of Janney Montgomery Scott’s portfolio.Ngam Advisors reduced its stake in TRN by selling 2,094 shares or 3.09% in the most recent quarter. The Hedge Fund company now holds 65,728 shares of TRN which is valued at $1,511,087. Trinity Industries Inc makes up approx 0.02% of Ngam Advisors’s portfolio.
Trinity Industries Inc closed down -0.37 points or -1.52% at $24.05 with 16,82,151 shares getting traded on Thursday. Post opening the session at $24.34, the shares hit an intraday low of $23.79 and an intraday high of $24.43 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
On the company’s financial health, Trinity Industries Inc reported $0.64 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on Apr 21, 2016. Analyst had a consensus of $0.69. The company had revenue of $1187.90 million for the quarter, compared to analysts expectations of $1340.26 million. The company’s revenue was down -27.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.13 EPS.
Many Wall Street Analysts have commented on Trinity Industries Inc. Company shares were Reiterated by Cowen on Jul 25, 2016 to “Outperform”, Firm has raised the Price Target to $ 24 from a previous price target of $22 .Trinity Industries Inc was Downgraded by Susquehanna to ” Neutral” on Jul 25, 2016. Trinity Industries Inc was Downgraded by Longbow to ” Neutral” on Jun 20, 2016.
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.