Trinity Industries News

's stock had its "buy" rating restated by equities researchers at Banca Akros in a report issued on Tuesday, StockRatingsNetwork reports.

Trinity Industries has teamed up with Napier Park Railcar Lease Fund and an additional co-investor, who also invested in the Napier Park Fund, to create RIV 2013 Rail Holdings, a joint venture that will provide railcar leasing services in North America.

Napier Park Global Capital, the $6.8 billion hedge fund spun out of Citigroup Inc., is investing $362 million in a railcar leasing venture, betting on an industry favored by billionaires Carl Icahn and Warren Buffett.

Trinity Industries today declared an increase in its quarterly dividend to 13 cents per share on its $1.00 par value common stock.

The firm currently has a "neutral" rating on the stock. A number of other analysts have also recently weighed in on TRN.

Before we get started, let me remind you, that today's conference call contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995 and includes statements as to estimates, expectations, intentions, and predictions of future financial performances.

Trinity Industries updated its FY13 earnings guidance on Tuesday. The company provided EPS guidance of $3.80-4.05 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.79, StockRatingsNetwork reports.