EAM Investors LLC cut its holdings in shares of Triton International Limited (NYSE:TRTN) by 14.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 78,371 shares of the company’s stock after selling 12,729 shares during the quarter. EAM Investors LLC owned 0.10% of Triton International worth $2,608,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of TRTN. Geode Capital Management LLC raised its stake in shares of Triton International by 7.6% during the first quarter. Geode Capital Management LLC now owns 266,692 shares of the company’s stock worth $6,877,000 after acquiring an additional 18,778 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of Triton International by 21.3% in the second quarter. Russell Investments Group Ltd. now owns 33,399 shares of the company’s stock worth $1,117,000 after buying an additional 5,862 shares during the period. Boston Advisors LLC increased its stake in shares of Triton International by 12.6% in the second quarter. Boston Advisors LLC now owns 209,349 shares of the company’s stock worth $7,001,000 after buying an additional 23,439 shares during the period. Strs Ohio increased its stake in shares of Triton International by 150.0% in the second quarter. Strs Ohio now owns 29,500 shares of the company’s stock worth $986,000 after buying an additional 17,700 shares during the period. Finally, Pillar Pacific Capital Management LLC purchased a new position in shares of Triton International in the second quarter worth $301,000. 63.32% of the stock is currently owned by hedge funds and other institutional investors.
In other Triton International news, Director Claude Germain sold 1,500 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $38.18, for a total value of $57,270.00. Following the completion of the transaction, the director now owns 30,080 shares of the company’s stock, valued at approximately $1,148,454.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Michelle Gallagher sold 1,000 shares of the business’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $40.00, for a total value of $40,000.00. Following the completion of the transaction, the vice president now directly owns 23,158 shares of the company’s stock, valued at approximately $926,320. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,500 shares of company stock worth $500,370. 1.50% of the stock is currently owned by company insiders.
TRTN has been the topic of several analyst reports. Zacks Investment Research downgraded shares of Triton International from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 11th. BidaskClub raised shares of Triton International from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 7th. Cowen reissued an “outperform” rating and set a $44.00 price objective on shares of Triton International in a research report on Monday, September 11th. SunTrust Banks boosted their price objective on shares of Triton International from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, November 13th. They noted that the move was a valuation call. Finally, Wells Fargo & Company boosted their price objective on shares of Triton International from $39.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday, October 20th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $44.00.
Shares of Triton International Limited (NYSE:TRTN) traded up $1.19 during mid-day trading on Thursday, hitting $37.73. 349,481 shares of the stock were exchanged, compared to its average volume of 446,444. The company has a market cap of $3,011.24, a PE ratio of 17.44, a PEG ratio of 1.81 and a beta of 2.71. Triton International Limited has a 1 year low of $15.69 and a 1 year high of $43.85. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 3.34.
Triton International (NYSE:TRTN) last announced its quarterly earnings results on Wednesday, November 8th. The company reported $0.81 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.07. The company had revenue of $302.10 million for the quarter, compared to analysts’ expectations of $301.71 million. Triton International had a net margin of 14.44% and a return on equity of 8.50%. The company’s revenue was up 7.2% on a year-over-year basis. equities research analysts expect that Triton International Limited will post 2.75 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 1st will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 4.77%. The ex-dividend date of this dividend is Thursday, November 30th. Triton International’s payout ratio is 83.72%.
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