Triton International Limited (NYSE:TRTN) has been given an average recommendation of “Buy” by the eight ratings firms that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $44.00.
TRTN has been the subject of several analyst reports. Zacks Investment Research upgraded Triton International from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research report on Tuesday, November 14th. SunTrust Banks raised their target price on Triton International from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, November 13th. They noted that the move was a valuation call. BidaskClub downgraded Triton International from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 31st. ValuEngine downgraded Triton International from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Wells Fargo & Company raised their target price on Triton International from $42.00 to $45.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 14th.
Triton International (NYSE TRTN) opened at $39.68 on Friday. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 3.34. The company has a market capitalization of $3,190.36, a P/E ratio of 18.48, a P/E/G ratio of 1.92 and a beta of 2.71. Triton International has a 52-week low of $15.69 and a 52-week high of $43.85.
Triton International (NYSE:TRTN) last posted its earnings results on Wednesday, November 8th. The company reported $0.81 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.07. The business had revenue of $302.10 million during the quarter, compared to the consensus estimate of $301.71 million. Triton International had a return on equity of 8.50% and a net margin of 14.44%. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. analysts forecast that Triton International will post 2.75 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 1st will be given a $0.45 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.80 annualized dividend and a yield of 4.54%. Triton International’s payout ratio is 83.72%.
In other Triton International news, Director Kenneth Hanau sold 10,000 shares of Triton International 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 completion of the transaction, the director now owns 31,580 shares in the company, valued at approximately $1,272,989.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Michelle Gallagher sold 1,000 shares of Triton International stock in a transaction on Friday, October 20th. The shares were sold at an average price of $40.00, for a total value of $40,000.00. Following the completion of the sale, the vice president now directly owns 23,158 shares of the company’s stock, valued at $926,320. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,500 shares of company stock valued at $500,370. Corporate insiders own 1.50% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new stake in shares of Triton International in the 3rd quarter valued at $214,000. SG Americas Securities LLC acquired a new stake in shares of Triton International in the 3rd quarter valued at $289,000. Quotient Investors LLC acquired a new stake in shares of Triton International in the 3rd quarter valued at $445,000. UBS Asset Management Americas Inc. increased its stake in shares of Triton International by 60.5% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 16,690 shares of the company’s stock valued at $558,000 after buying an additional 6,291 shares during the period. Finally, Marshall Wace North America L.P. acquired a new stake in shares of Triton International in the 2nd quarter valued at $874,000. 63.28% of the stock is owned by institutional investors.
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About Triton International
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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