Independent Portfolio Consultants buys $1,542,828 stake in Trinity Industries Inc (TRN)

Trinity Industries Inc (TRN) : Independent Portfolio Consultants scooped up 6,325 additional shares in Trinity Industries Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 5, 2016. The investment management firm now holds a total of 62,261 shares of Trinity Industries Inc which is valued at $1,542,828.Trinity Industries Inc makes up approximately 0.49% of Independent Portfolio Consultants’s portfolio.

Other Hedge Funds, Including , Curbstone Financial Management Corp sold out all of its stake in TRN during the most recent quarter. The investment firm sold 36,650 shares of TRN which is valued $908,187.Washington Trust Bank boosted its stake in TRN in the latest quarter, The investment management firm added 26 additional shares and now holds a total of 964 shares of Trinity Industries Inc which is valued at $23,888. Trinity Industries Inc makes up approx 0.01% of Washington Trust Bank’s portfolio. Eqis Capital Management added TRN to its portfolio by purchasing 9,467 company shares during the most recent quarter which is valued at $234,592. Trinity Industries Inc makes up approx 0.01% of Eqis Capital Management’s portfolio.

Trinity Industries Inc closed down -0.35 points or -1.44% at $23.97 with 8,49,575 shares getting traded on Tuesday. Post opening the session at $24.49, the shares hit an intraday low of $23.92 and an intraday high of $24.55 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.

Investors should note that on Sep 8, 2016, Trinity Industries Inc announced a cash dividend of $0.0100. The company’s management has announced Oct 12, 2016 as the ex-dividend date and fixed the record date on Oct 14, 2016. The payable date has been fixed on Oct 31, 2016.

Many Wall Street Analysts have commented on Trinity Industries Inc. Trinity Industries Inc was Initiated by CLSA to “Underperform” on Sep 30, 2016. 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. 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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