Other equities analysts also recently issued reports about the company. CJS Securities assumed coverage on Triton International in a research note on Wednesday, September 18th. They issued a market perform rating and a $42.00 price target for the company. Zacks Investment Research downgraded Triton International from a hold rating to a sell rating and set a $39.00 price target for the company. in a research note on Monday, October 28th. TheStreet upgraded Triton International from a c rating to a b- rating in a research note on Thursday, October 24th. Compass Point downgraded Triton International from a buy rating to a neutral rating and set a $38.00 price target for the company. in a research note on Friday, October 25th. Finally, Cowen decreased their price target on Triton International from $47.00 to $46.00 and set an outperform rating for the company in a research note on Monday, October 28th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $39.40.
NYSE:TRTN traded down $0.06 during mid-day trading on Friday, reaching $37.63. The stock had a trading volume of 196,415 shares, compared to its average volume of 418,766. The company has a market capitalization of $2.71 billion, a price-to-earnings ratio of 8.33, a price-to-earnings-growth ratio of 0.82 and a beta of 2.30. Triton International has a 1-year low of $28.55 and a 1-year high of $38.46. The stock’s 50 day simple moving average is $35.60 and its two-hundred day simple moving average is $32.94. The company has a debt-to-equity ratio of 3.36, a current ratio of 1.64 and a quick ratio of 1.64.
Triton International (NYSE:TRTN) last posted its quarterly earnings results on Thursday, October 24th. The company reported $1.16 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.16. The business had revenue of $336.70 million during the quarter, compared to the consensus estimate of $337.74 million. Triton International had a return on equity of 16.69% and a net margin of 24.34%. The company’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same period last year, the firm earned $1.17 earnings per share. Sell-side analysts anticipate that Triton International will post 4.6 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Tuesday, December 3rd will be paid a $0.52 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $2.08 dividend on an annualized basis and a yield of 5.53%. Triton International’s payout ratio is currently 46.02%.
In other Triton International news, SVP Kevin Valentine sold 4,000 shares of Triton International stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $37.50, for a total value of $150,000.00. Following the completion of the transaction, the senior vice president now directly owns 65,888 shares in the company, valued at $2,470,800. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Michelle Gallagher sold 6,500 shares of Triton International stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $34.11, for a total value of $221,715.00. Following the completion of the transaction, the vice president now owns 6,240 shares of the company’s stock, valued at $212,846.40. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.
Hedge funds have recently modified their holdings of the business. McIlrath & Eck LLC boosted its stake in Triton International by 111.1% in the third quarter. McIlrath & Eck LLC now owns 760 shares of the company’s stock valued at $26,000 after acquiring an additional 400 shares during the period. Redhawk Wealth Advisors Inc. acquired a new position in Triton International in the second quarter valued at approximately $32,000. Captrust Financial Advisors boosted its stake in Triton International by 116.4% in the second quarter. Captrust Financial Advisors now owns 1,082 shares of the company’s stock valued at $35,000 after acquiring an additional 582 shares during the period. Litman Gregory Asset Management LLC acquired a new position in Triton International in the second quarter valued at approximately $82,000. Finally, Coastal Investment Advisors Inc. acquired a new position in Triton International in the third quarter valued at approximately $104,000. Institutional investors own 61.26% of the company’s stock.
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, refrigerated, special, and tank containers; and chassis used for the transportation of intermodal containers, as well as provides container management services.
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