Tctc Holdings Lowers stake in Trinity Industries Inc (TRN)

Trinity Industries Inc (TRN) : Tctc Holdings reduced its stake in Trinity Industries Inc by 2.16% during the most recent quarter end. The investment management company now holds a total of 533,350 shares of Trinity Industries Inc which is valued at $14,501,787 after selling 11,800 shares in Trinity Industries Inc , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Trinity Industries Inc makes up approximately 1.04% of Tctc Holdings’s portfolio.

Other Hedge Funds, Including , Mason Street Advisors boosted its stake in TRN in the latest quarter, The investment management firm added 1,738 additional shares and now holds a total of 70,510 shares of Trinity Industries Inc which is valued at $1,917,167. Trinity Industries Inc makes up approx 0.05% of Mason Street Advisors’s portfolio.Geode Capital Management boosted its stake in TRN in the latest quarter, The investment management firm added 77,415 additional shares and now holds a total of 1,549,407 shares of Trinity Industries Inc which is valued at $41,121,262. Trinity Industries Inc makes up approx 0.02% of Geode Capital Management’s portfolio.Commonwealth Of Pennsylvania Public School Empls Retrmt Sys reduced its stake in TRN by selling 6,485 shares or 22.34% in the most recent quarter. The Hedge Fund company now holds 22,541 shares of TRN which is valued at $564,201. Trinity Industries Inc makes up approx 0.01% of Commonwealth Of Pennsylvania Public School Empls Retrmt Sys’s portfolio. Palisade Capital Managementnj added TRN to its portfolio by purchasing 29,500 company shares during the most recent quarter which is valued at $661,095. Trinity Industries Inc makes up approx 0.03% of Palisade Capital Managementnj’s portfolio.Commonwealth Equity Services Inc reduced its stake in TRN by selling 3,374 shares or 8.5% in the most recent quarter. The Hedge Fund company now holds 36,303 shares of TRN which is valued at $814,276. Trinity Industries Inc makes up approx 0.01% of Commonwealth Equity Services Inc’s portfolio.

Trinity Industries Inc closed down -0.03 points or -0.12% at $25.98 with 17,56,524 shares getting traded on Monday. Post opening the session at $25.89, the shares hit an intraday low of $25.86 and an intraday high of $26.14 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Trinity Industries Inc reported $0.55 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Oct 26, 2016. Analyst had a consensus of $0.53. The company had revenue of $1111.70 million for the quarter, compared to analysts expectations of $1217.52 million. The company’s revenue was down -27.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.31 EPS.

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