UBS Asset Management Americas Inc. lifted its position in shares of Triton International Limited (NYSE:TRTN) by 27.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,808 shares of the company’s stock after purchasing an additional 7,958 shares during the quarter. UBS Asset Management Americas Inc.’s holdings in Triton International were worth $1,378,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in the company. Boston Advisors LLC lifted its position in shares of Triton International by 41.3% during the 4th quarter. Boston Advisors LLC now owns 278,066 shares of the company’s stock worth $10,414,000 after buying an additional 81,327 shares during the period. Eqis Capital Management Inc. bought a new position in shares of Triton International during the 4th quarter worth approximately $380,000. Argent Capital Management LLC lifted its position in shares of Triton International by 8.5% during the 3rd quarter. Argent Capital Management LLC now owns 83,620 shares of the company’s stock worth $2,783,000 after buying an additional 6,545 shares during the period. Ameriprise Financial Inc. lifted its position in shares of Triton International by 10.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 881,693 shares of the company’s stock worth $29,343,000 after buying an additional 80,998 shares during the period. Finally, SG Americas Securities LLC bought a new position in shares of Triton International during the 3rd quarter worth approximately $289,000. 65.83% of the stock is currently owned by institutional investors.
Several equities analysts recently commented on the company. ValuEngine downgraded Triton International from a “buy” rating to a “hold” rating in a research report on Thursday, March 1st. Zacks Investment Research upgraded Triton International from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a research report on Thursday, March 1st. Keefe, Bruyette & Woods restated a “hold” rating and set a $39.00 target price on shares of Triton International in a research report on Tuesday, February 27th. Finally, SunTrust Banks restated a “buy” rating and set a $48.00 target price on shares of Triton International in a research report on Friday, February 23rd. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $41.83.
In other Triton International news, President Simon R. Vernon sold 12,500 shares of Triton International stock in a transaction on Monday, February 26th. The stock was sold at an average price of $29.98, for a total value of $374,750.00. Following the completion of the transaction, the president now owns 160,645 shares in the company, valued at approximately $4,816,137.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.50% of the company’s stock.
Triton International Limited (NYSE TRTN) opened at $30.76 on Friday. The company has a debt-to-equity ratio of 3.13, a current ratio of 1.58 and a quick ratio of 1.58. Triton International Limited has a 52-week low of $22.63 and a 52-week high of $43.85. The stock has a market capitalization of $2,556.56, a price-to-earnings ratio of 6.98, a price-to-earnings-growth ratio of 0.79 and a beta of 2.75.
Triton International (NYSE:TRTN) last issued its quarterly earnings data on Thursday, February 22nd. The company reported $0.85 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.04. Triton International had a return on equity of 10.76% and a net margin of 29.83%. The firm had revenue of $313.90 million during the quarter, compared to the consensus estimate of $323.26 million. During the same quarter in the previous year, the company posted $0.21 EPS. The business’s revenue for the quarter was up 21.0% compared to the same quarter last year. equities research analysts expect that Triton International Limited will post 4.03 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 28th. Shareholders of record on Monday, March 12th will be given a $0.45 dividend. The ex-dividend date of this dividend is Friday, March 9th. This represents a $1.80 annualized dividend and a yield of 5.85%. Triton International’s payout ratio is 40.82%.
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Triton International Profile
Triton International Limited engages in the acquisition, leasing, re-leasing, and sale of various types of intermodal transportation equipment 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, refrigerated, special, and tank containers; and chassis used for the transportation of containers, as well as manages containers owned by third parties.
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