TRTN has been the topic of a number of other reports. Wells Fargo & Co lowered Triton International from an outperform rating to a market perform rating and set a $35.00 target price on the stock. in a research report on Friday, September 28th. ValuEngine lowered Triton International from a hold rating to a sell rating in a research report on Monday, June 18th. Keefe, Bruyette & Woods raised Triton International from a market perform rating to an outperform rating in a research report on Thursday, September 6th. Zacks Investment Research raised Triton International from a hold rating to a buy rating and set a $37.00 target price on the stock in a research report on Thursday, October 4th. Finally, Compass Point reaffirmed a buy rating and set a $42.00 target price on shares of Triton International in a research report on Friday, August 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. Triton International presently has an average rating of Buy and a consensus target price of $41.29.
Shares of TRTN opened at $30.46 on Wednesday. The stock has a market cap of $2.69 billion, a price-to-earnings ratio of 10.96, a P/E/G ratio of 0.76 and a beta of 3.11. Triton International has a 12 month low of $27.76 and a 12 month high of $43.85. The company has a debt-to-equity ratio of 3.12, a quick ratio of 1.37 and a current ratio of 1.37.
Triton International (NYSE:TRTN) last issued its quarterly earnings data on Friday, August 3rd. The company reported $1.10 EPS for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.04. Triton International had a return on equity of 14.30% and a net margin of 35.39%. The company had revenue of $329.80 million for the quarter, compared to analysts’ expectations of $330.49 million. During the same quarter in the previous year, the firm posted $0.63 earnings per share. The firm’s quarterly revenue was up 17.0% on a year-over-year basis. As a group, equities research analysts predict that Triton International will post 4.35 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 25th. Stockholders of record on Tuesday, September 4th were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 6.83%. The ex-dividend date was Friday, August 31st. Triton International’s payout ratio is 74.82%.
In related news, Director Pincus (Ganymede-Ii) P. Warburg sold 1,850,000 shares of the business’s stock in a transaction dated Wednesday, September 5th. The stock was sold at an average price of $34.78, for a total value of $64,343,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Michelle Gallagher sold 6,000 shares of the business’s stock in a transaction dated Monday, August 13th. The shares were sold at an average price of $35.90, for a total value of $215,400.00. Following the completion of the sale, the vice president now directly owns 19,209 shares of the company’s stock, valued at $689,603.10. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,859,000 shares of company stock worth $64,672,429. Corporate insiders own 1.40% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Mount Yale Investment Advisors LLC bought a new stake in Triton International in the first quarter valued at about $140,000. SG Americas Securities LLC bought a new stake in Triton International in the first quarter valued at about $165,000. Bayesian Capital Management LP bought a new stake in Triton International in the first quarter valued at about $211,000. Amalgamated Bank bought a new stake in Triton International in the second quarter valued at about $218,000. Finally, Atria Investments LLC bought a new stake in Triton International in the second quarter valued at about $223,000. 65.19% of the stock is owned by hedge funds and other institutional investors.
Triton International Company Profile
Triton International Limited engages in the acquisition, leasing, re-leasing, and sale of various types of intermodal transportation equipment 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, refrigerated, special, and tank containers; and chassis used for the transportation of containers, as well as manages containers owned by third parties.
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