Trinity Industries Inc (TRN) : Groesbeck Investment Management Corp Nj reduced its stake in Trinity Industries Inc by 1.44% during the most recent quarter end. The investment management company now holds a total of 188,672 shares of Trinity Industries Inc which is valued at $4,380,964 after selling 2,756 shares in Trinity Industries Inc , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Trinity Industries Inc makes up approximately 3.04% of Groesbeck Investment Management Corp Nj’s portfolio.
Other Hedge Funds, Including , D.c. Capital Advisors Ltd added TRN to its portfolio by purchasing 250,000 company shares during the most recent quarter which is valued at $11,610,000. Trinity Industries Inc makes up approx 6.57% of D.c. Capital Advisors Ltd’s portfolio.Bluemountain Capital Management reduced its stake in TRN by selling 15,009 shares or 56.3% in the most recent quarter. The Hedge Fund company now holds 11,651 shares of TRN which is valued at $270,536. Trinity Industries Inc makes up approx 0.01% of Bluemountain Capital Management’s portfolio.Central Trust Co reduced its stake in TRN by selling 1,462 shares or 10.47% in the most recent quarter. The Hedge Fund company now holds 12,497 shares of TRN which is valued at $290,305. Trinity Industries Inc makes up approx 0.02% of Central Trust Co’s portfolio.Smith Graham Investment Advisors Lp reduced its stake in TRN by selling 1,030 shares or 0.57% in the most recent quarter. The Hedge Fund company now holds 179,110 shares of TRN which is valued at $3,777,430. Trinity Industries Inc makes up approx 0.49% of Smith Graham Investment Advisors Lp’s portfolio.
Trinity Industries Inc opened for trading at $24.44 and hit $24.635 on the upside on Monday, eventually ending the session at $24.49, with a gain of 0.12% or 0.03 points. The heightened volatility saw the trading volume jump to 11,04,962 shares. Company has a market cap of $3,732 M.
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.