ValuEngine lowered shares of Triton International (NYSE:TRTN) from a buy rating to a hold rating in a research note released on Thursday, February 15th.
Other equities research analysts have also issued research reports about the stock. Wells Fargo & Co upped their target price on shares of Triton International from $42.00 to $45.00 and gave the stock an outperform rating in a report on Tuesday, November 14th. Zacks Investment Research upgraded 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 note on Tuesday, November 14th. BidaskClub lowered shares of Triton International from a strong-buy rating to a buy rating in a research note on Tuesday, October 31st. SunTrust Banks raised their price objective on shares of Triton International from $40.00 to $50.00 and gave the stock a buy rating in a report on Monday, November 13th. They noted that the move was a valuation call. Finally, Cowen raised their price objective on shares of Triton International from $46.00 to $50.00 and gave the stock an outperform rating in a report on Friday, November 10th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Triton International currently has a consensus rating of Buy and a consensus price target of $41.83.
Triton International (TRTN) traded up $0.65 during midday trading on Thursday, reaching $31.02. The company had a trading volume of 626,704 shares, compared to its average volume of 821,955. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 3.13. The firm has a market capitalization of $2,450.00 and a P/E ratio of 6.86. Triton International has a 1-year low of $22.07 and a 1-year high of $43.85.
Triton International (NYSE:TRTN) last issued its quarterly earnings results on Thursday, February 22nd. The company reported $0.85 EPS for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.04. The business had revenue of $313.90 million for the quarter, compared to analysts’ expectations of $323.26 million. Triton International had a net margin of 29.83% and a return on equity of 10.76%. The business’s quarterly revenue was up 21.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.21 earnings per share. sell-side analysts anticipate that Triton International will post 4.03 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 28th. Investors of record on Monday, March 12th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 5.80%. The ex-dividend date is Friday, March 9th. Triton International’s payout ratio is presently 39.82%.
In related news, President Simon R. Vernon sold 12,500 shares of Triton International stock in a transaction on Monday, February 26th. The shares were sold at an average price of $29.98, for a total value of $374,750.00. Following the transaction, the president now owns 160,645 shares in the company, valued at approximately $4,816,137.10. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.50% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently made changes to their positions in TRTN. New York State Common Retirement Fund boosted its stake in shares of Triton International by 122.0% during the 2nd quarter. New York State Common Retirement Fund now owns 93,245 shares of the company’s stock valued at $3,118,000 after purchasing an additional 51,244 shares in the last quarter. UBS Asset Management Americas Inc. boosted its stake in Triton International by 60.5% during the second quarter. UBS Asset Management Americas Inc. now owns 16,690 shares of the company’s stock worth $558,000 after acquiring an additional 6,291 shares in the last quarter. State Street Corp boosted its stake in Triton International by 8.6% during the second quarter. State Street Corp now owns 814,650 shares of the company’s stock worth $27,244,000 after acquiring an additional 64,662 shares in the last quarter. Quotient Investors LLC bought a new stake in Triton International during the third quarter worth about $445,000. Finally, Peregrine Capital Management LLC boosted its stake in Triton International by 2.1% during the third quarter. Peregrine Capital Management LLC now owns 324,512 shares of the company’s stock worth $10,800,000 after acquiring an additional 6,616 shares in the last quarter. 65.85% of the stock is currently owned by hedge funds and other institutional investors.
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Triton International Company Profile
Triton International Limited engages in the acquisition, leasing, re-leasing, and sale of various intermodal containers and chassis to shipping lines, and freight forwarding companies and manufacturers. It operates in two segments, Equipment Leasing and Equipment Trading. The company primarily leases dry freight containers, refrigerated containers, special containers, tank containers, and chassis, as well as manages containers owned by third parties.
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