Sciencast Management LP lifted its holdings in shares of Triton International Limited (NYSE:TRTN) by 5.4% in the first quarter, Holdings Channel.com reports. The fund owned 17,716 shares of the company’s stock after purchasing an additional 903 shares during the period. Sciencast Management LP’s holdings in Triton International were worth $960,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in the stock. Advisory Research Inc. raised its holdings in shares of Triton International by 85.9% during the first quarter. Advisory Research Inc. now owns 11,853 shares of the company’s stock valued at $652,000 after acquiring an additional 5,478 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Triton International by 50.2% during the first quarter. Russell Investments Group Ltd. now owns 54,501 shares of the company’s stock valued at $2,996,000 after acquiring an additional 18,220 shares in the last quarter. BNP Paribas Arbitrage SA raised its holdings in shares of Triton International by 91.7% during the first quarter. BNP Paribas Arbitrage SA now owns 37,008 shares of the company’s stock valued at $2,035,000 after acquiring an additional 17,704 shares in the last quarter. Sowell Financial Services LLC bought a new position in shares of Triton International during the first quarter valued at approximately $114,000. Finally, Allred Capital Management LLC bought a new position in shares of Triton International during the first quarter valued at approximately $43,000. Institutional investors own 67.59% of the company’s stock.
Several brokerages recently weighed in on TRTN. Zacks Investment Research cut Triton International from a “strong-buy” rating to a “hold” rating and set a $60.00 price target on the stock. in a research note on Tuesday, April 20th. B. Riley reaffirmed a “buy” rating on shares of Triton International in a research note on Tuesday.
Triton International (NYSE:TRTN) last released its earnings results on Thursday, April 29th. The company reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.70 by $0.21. Triton International had a return on equity of 20.92% and a net margin of 29.45%. As a group, equities research analysts predict that Triton International Limited will post 8.01 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 24th. Stockholders of record on Thursday, June 10th will be paid a $0.57 dividend. The ex-dividend date of this dividend is Wednesday, June 9th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 4.51%. Triton International’s dividend payout ratio is currently 49.46%.
In other news, Director Claude Germain sold 1,500 shares of the stock in a transaction on Tuesday, June 1st. The stock was sold at an average price of $54.50, for a total value of $81,750.00. Following the sale, the director now directly owns 44,983 shares of the company’s stock, valued at $2,451,573.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Michelle Gallagher sold 1,713 shares of the stock in a transaction on Tuesday, June 1st. The stock was sold at an average price of $55.00, for a total value of $94,215.00. Following the completion of the sale, the vice president now directly owns 8,721 shares in the company, valued at $479,655. The disclosure for this sale can be found here. Over the last three months, insiders sold 15,970 shares of company stock worth $909,493. Insiders own 1.80% of the company’s stock.
About Triton International
Triton International Limited engages in the acquisition, leasing, re-leasing, and sale of various types of 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, refrigerated, special, and tank containers; and chassis used for the transportation of intermodal containers, as well as provides maritime container management services.
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