Monarch Partners Asset Management LLC cut its stake in Triton International Ltd (NYSE:TRTN) by 26.1% in the third quarter, HoldingsChannel.com reports. The firm owned 169,730 shares of the company’s stock after selling 59,795 shares during the period. Monarch Partners Asset Management LLC’s holdings in Triton International were worth $5,647,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently modified their holdings of the company. Schwab Charles Investment Management Inc. lifted its holdings in shares of Triton International by 12.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 371,471 shares of the company’s stock worth $11,390,000 after acquiring an additional 40,644 shares during the period. Fox Run Management L.L.C. bought a new position in shares of Triton International during the 2nd quarter worth about $416,000. Wells Fargo & Company MN lifted its holdings in shares of Triton International by 14.6% during the 2nd quarter. Wells Fargo & Company MN now owns 278,042 shares of the company’s stock worth $8,525,000 after acquiring an additional 35,379 shares during the period. Putnam Investments LLC bought a new position in shares of Triton International during the 2nd quarter worth about $417,000. Finally, Brookstone Capital Management acquired a new stake in shares of Triton International during the 2nd quarter worth about $463,000. 65.16% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Pincus (Ganymede-Ii) P. Warburg sold 1,850,000 shares of Triton International stock in a transaction that occurred on Wednesday, September 5th. The shares were sold at an average price of $34.78, for a total transaction of $64,343,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Michelle Gallagher sold 2,900 shares of Triton International stock in a transaction that occurred on Monday, August 20th. The stock was sold at an average price of $38.01, for a total transaction of $110,229.00. Following the sale, the vice president now owns 13,209 shares of the company’s stock, valued at approximately $502,074.09. The disclosure for this sale can be found here. Insiders sold a total of 1,859,000 shares of company stock valued at $64,672,429 in the last 90 days. Corporate insiders own 1.40% of the company’s stock.
TRTN opened at $34.19 on Monday. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 3.12. The stock has a market capitalization of $2.76 billion, a price-to-earnings ratio of 12.30, a P/E/G ratio of 0.78 and a beta of 2.86. Triton International Ltd has a 1-year low of $27.76 and a 1-year high of $43.85.
Triton International (NYSE:TRTN) last posted its quarterly earnings data on Friday, November 2nd. The company reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.05. The firm had revenue of $350.08 million during the quarter, compared to analysts’ expectations of $349.39 million. Triton International had a net margin of 37.41% and a return on equity of 14.63%. The company’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.81 EPS. As a group, equities research analysts forecast that Triton International Ltd will post 4.41 EPS for the current year.
TRTN has been the subject of a number of recent analyst reports. Compass Point reiterated a “buy” rating and set a $42.00 target price on shares of Triton International in a research report on Friday, August 3rd. ValuEngine cut shares of Triton International from a “sell” rating to a “strong sell” rating in a research report on Tuesday, October 2nd. Zacks Investment Research upgraded shares of Triton International from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a research report on Thursday, October 4th. Wells Fargo & Co cut shares of Triton International from an “outperform” rating to a “market perform” rating and set a $35.00 target price for the company. in a research report on Friday, September 28th. Finally, Keefe, Bruyette & Woods upgraded shares of Triton International from a “market perform” rating to an “outperform” rating in a research report on Thursday, September 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $41.29.
Triton International Company 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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