Triton International (NYSE:TRTN) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Friday, December 1st.
A number of other brokerages have also recently issued reports on TRTN. Zacks Investment Research cut 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 note on Tuesday, November 7th. Cowen reaffirmed an “outperform” rating and set a $44.00 target price on shares of Triton International in a research note on Monday, September 11th. SunTrust Banks raised their target price on shares of Triton International from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, November 13th. They noted that the move was a valuation call. Finally, Wells Fargo & Company raised their target price on shares of Triton International from $39.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, October 20th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $44.00.
Triton International (NYSE TRTN) opened at $36.21 on Friday. The firm has a market cap of $2,962.02, a P/E ratio of 17.15, a P/E/G ratio of 1.78 and a beta of 2.71. Triton International has a 52-week low of $15.69 and a 52-week 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 earnings results on Wednesday, November 8th. The company reported $0.81 EPS for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.07. Triton International had a net margin of 14.44% and a return on equity of 8.50%. The business had revenue of $302.10 million during the quarter, compared to analysts’ expectations of $301.71 million. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. equities analysts expect that Triton International will post 2.75 EPS for the current year.
In related news, Director Kenneth Hanau sold 10,000 shares of the firm’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $40.31, for a total value of $403,100.00. Following the transaction, the director now owns 31,580 shares of the company’s stock, valued at approximately $1,272,989.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Claude Germain sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $38.18, for a total transaction of $57,270.00. Following the completion of the transaction, the director now directly owns 30,080 shares in the company, valued at approximately $1,148,454.40. The disclosure for this sale can be found here. Insiders sold a total of 12,500 shares of company stock valued at $500,370 in the last 90 days. Company insiders own 1.50% of the company’s stock.
A number of hedge funds have recently bought and sold shares of TRTN. Kempen Capital Management N.V. purchased a new position in Triton International during the 2nd quarter valued at about $12,404,000. Systematic Financial Management LP grew its position in shares of Triton International by 557.1% in the 3rd quarter. Systematic Financial Management LP now owns 356,904 shares of the company’s stock worth $11,878,000 after buying an additional 302,589 shares during the last quarter. Balyasny Asset Management LLC purchased a new position in shares of Triton International in the 2nd quarter worth approximately $9,389,000. Russell Investments Group Ltd. grew its position in shares of Triton International by 734.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 278,706 shares of the company’s stock worth $9,275,000 after buying an additional 245,307 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in shares of Triton International by 25.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 800,695 shares of the company’s stock worth $26,776,000 after buying an additional 160,814 shares during the last quarter. 63.32% of the stock is currently owned by institutional investors.
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