CLSA Initiates Coverage on Trinity Industries Inc to Underperform

CLSA Initiates Coverage on Trinity Industries Inc(NYSE:TRN). The shares have been rated Underperform. The rating by CLSA was issued on Sep 30, 2016.

In a different note, On Jul 25, 2016, Susquehanna said it Downgrades its rating on Trinity Industries Inc. The shares have been rated ‘Neutral’ by the firm.

Trinity Industries Inc (TRN) shares turned negative on Tuesdays trading session with the shares closing down -0.35 points or -1.44% at a volume of 8,49,575. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $24.55. The peak price level was also seen at $24.55 while the days lowest was $23.92. Finally the shares closed at $23.97. The 52-week high of the shares is $30.38 while the 52-week low is $14.94. According to the latest information available, the market cap of the company is $3,653 M.

Trinity Industries Inc has also declared a cash dividend of $0.0100 on Sep 8, 2016. The shares will quote ex-dividend on Oct 12, 2016 and the record date has been fixed on Oct 14, 2016. The dividend payable date has been fixed on Oct 31, 2016.

Trinity Industries Inc(TRN) last announced its earnings results on Jul 21, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.19B. Analysts had an estimated revenue of $1.18B. Earnings per share were $0.62. Analysts had estimated an EPS of $0.48.

Several Insider Transactions has been reported to the SEC. On Aug 11, 2016, Mary E Henderson (Vice President & CAO) sold 5,000 shares at $23.24 per share price.Also, On Aug 10, 2016, William A Mcwhirter (Senior Vice President) sold 50,000 shares at $23.19 per share price.On Nov 3, 2015, D Stephen Menzies (Senior Vice President) sold 101,296 shares at $27.46 per share price, according to the Form-4 filing with the securities and exchange commission.

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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