Triton International (TRTN) Shares Down 2.3%

Shares of Triton International Limited (NYSE:TRTN) traded down 2.3% on Thursday . The company traded as low as $30.86 and last traded at $31.80. 365,036 shares traded hands during mid-day trading, a decline of 30% from the average session volume of 521,718 shares. The stock had previously closed at $31.07.

A number of analysts have weighed in on the company. Cowen increased their target price on Triton International from $46.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday, November 10th. SunTrust Banks increased their target price on Triton International from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, November 13th. They noted that the move was a valuation call. BidaskClub upgraded Triton International from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 7th. Wells Fargo & Co increased their target price on Triton International from $42.00 to $45.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 14th. Finally, Zacks Investment Research upgraded Triton International from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research note on Tuesday, November 14th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $44.00.

The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 3.34. The company has a market capitalization of $2,689.30, a P/E ratio of 14.55, a price-to-earnings-growth ratio of 0.88 and a beta of 2.58.

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 analysts’ consensus estimates of $0.74 by $0.07. Triton International had a return on equity of 8.50% and a net margin of 14.44%. The business had revenue of $302.10 million for the quarter, compared to the consensus estimate of $301.71 million. The business’s revenue was up 7.2% compared to the same quarter last year. sell-side analysts forecast that Triton International Limited will post 2.75 earnings per share for the current year.

In other news, Director Claude Germain sold 1,500 shares of the stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $38.18, for a total transaction of $57,270.00. Following the transaction, the director now owns 30,080 shares of the company’s stock, valued at approximately $1,148,454.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Kenneth Hanau sold 10,000 shares of the stock in a transaction on Friday, November 17th. The stock was sold at an average price of $40.31, for a total value of $403,100.00. Following the transaction, the director now directly owns 31,580 shares in the company, valued at approximately $1,272,989.80. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of TRTN. New York State Common Retirement Fund grew its position 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 worth $3,118,000 after buying an additional 51,244 shares in the last quarter. UBS Asset Management Americas Inc. boosted its position 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 valued at $558,000 after purchasing an additional 6,291 shares in the last quarter. State Street Corp boosted its position in Triton International by 8.6% during the second quarter. State Street Corp now owns 814,650 shares of the company’s stock valued at $27,244,000 after purchasing an additional 64,662 shares in the last quarter. Advisory Services Network LLC boosted its position in Triton International by 1.2% during the second quarter. Advisory Services Network LLC now owns 41,861 shares of the company’s stock valued at $1,400,000 after purchasing an additional 502 shares in the last quarter. Finally, Quotient Investors LLC bought a new stake in Triton International during the third quarter valued at about $445,000. 63.73% of the stock is currently owned by institutional investors and hedge funds.

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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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