Argent Capital Management LLC raised its position in shares of Triton International Limited (NYSE:TRTN) by 8.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 83,620 shares of the company’s stock after acquiring an additional 6,545 shares during the period. Argent Capital Management LLC owned approximately 0.10% of Triton International worth $2,783,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in TRTN. Russell Investments Group Ltd. lifted its stake in shares of Triton International by 21.3% in the second quarter. Russell Investments Group Ltd. now owns 33,399 shares of the company’s stock valued at $1,117,000 after buying an additional 5,862 shares during the period. Strs Ohio lifted its stake in shares of Triton International by 150.0% in the second quarter. Strs Ohio now owns 29,500 shares of the company’s stock valued at $986,000 after buying an additional 17,700 shares during the period. Rhumbline Advisers lifted its stake in shares of Triton International by 11.2% in the second quarter. Rhumbline Advisers now owns 51,835 shares of the company’s stock valued at $1,733,000 after buying an additional 5,212 shares during the period. Dupont Capital Management Corp bought a new stake in shares of Triton International in the second quarter valued at about $1,592,000. Finally, Marshall Wace North America L.P. bought a new stake in shares of Triton International in the second quarter valued at about $874,000. Institutional investors own 63.32% of the company’s stock.
In other news, VP Michelle Gallagher sold 1,000 shares of the stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $40.00, for a total transaction of $40,000.00. Following the sale, the vice president now directly owns 23,158 shares of the company’s stock, valued at $926,320. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kenneth Hanau sold 10,000 shares of the stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $40.31, for a total transaction of $403,100.00. Following the sale, the director now directly owns 31,580 shares in the company, valued at $1,272,989.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,500 shares of company stock valued at $500,370. Company insiders own 1.50% of the company’s stock.
Triton International Limited (NYSE:TRTN) traded up $0.16 during trading hours on Wednesday, reaching $36.37. 423,400 shares of the company traded hands, compared to its average volume of 446,753. Triton International Limited has a 52-week low of $15.69 and a 52-week high of $43.85. The company has a debt-to-equity ratio of 3.34, a current ratio of 1.33 and a quick ratio of 1.33. The firm has a market capitalization of $2,921.67, a price-to-earnings ratio of 16.92, a PEG ratio of 1.76 and a beta of 2.71.
Triton International (NYSE:TRTN) last posted its quarterly earnings results on Wednesday, November 8th. The company reported $0.81 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.07. Triton International had a net margin of 14.44% and a return on equity of 8.50%. The firm had revenue of $302.10 million during the quarter, compared to analyst estimates of $301.71 million. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. equities research analysts expect that Triton International Limited will post 2.75 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 1st will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 4.95%. The ex-dividend date is Thursday, November 30th. Triton International’s payout ratio is 83.72%.
Several research firms recently weighed in on TRTN. Wells Fargo & Company increased their target price on shares of Triton International from $42.00 to $45.00 and gave the company an “outperform” rating in a research note on Tuesday, November 14th. BidaskClub lowered shares of Triton International from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 12th. Zacks Investment Research raised shares of Triton International from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a research report on Tuesday, November 14th. ValuEngine lowered shares of Triton International from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, SunTrust Banks increased their price target on shares of Triton International from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, November 13th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $44.00.
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