JPMorgan Chase & Co. Buys 1,493 Shares of Triton International Ltd (TRTN)

JPMorgan Chase & Co. lifted its stake in Triton International Ltd (NYSE:TRTN) by 14.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,115 shares of the company’s stock after purchasing an additional 1,493 shares during the period. JPMorgan Chase & Co.’s holdings in Triton International were worth $403,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. lifted its holdings in 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 buying an additional 40,644 shares during the last quarter. Putnam Investments LLC purchased a new stake in Triton International during the 2nd quarter worth about $417,000. Truvestments Capital LLC lifted its holdings in Triton International by 21.3% during the 3rd quarter. Truvestments Capital LLC now owns 16,551 shares of the company’s stock worth $551,000 after buying an additional 2,909 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in Triton International by 33.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 24,275 shares of the company’s stock worth $808,000 after buying an additional 6,050 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Triton International by 34.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 275,531 shares of the company’s stock worth $8,448,000 after buying an additional 70,702 shares during the last quarter. Hedge funds and other institutional investors own 64.19% of the company’s stock.

A number of research firms have recently commented on TRTN. Zacks Investment Research reiterated a “buy” rating and set a $39.00 target price on shares of Triton International in a research report on Saturday, November 17th. ValuEngine upgraded Triton International from a “strong sell” rating to a “sell” rating in a research report on Wednesday, December 26th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. Triton International currently has an average rating of “Hold” and an average price target of $39.33.

In related news, Director Global Ltd Bharti purchased 337,000 shares of the company’s stock in a transaction that occurred on Thursday, November 1st. The shares were purchased at an average price of $34.78 per share, for a total transaction of $11,720,860.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 1.40% of the company’s stock.

TRTN opened at $35.62 on Friday. The company has a debt-to-equity ratio of 3.13, a quick ratio of 1.38 and a current ratio of 1.38. Triton International Ltd has a one year low of $27.76 and a one year high of $42.41. The stock has a market cap of $2.77 billion, a PE ratio of 12.81, a PEG ratio of 0.75 and a beta of 2.54.

Triton International (NYSE:TRTN) last posted its earnings results on Friday, November 2nd. The company reported $1.17 EPS for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.05. The business had revenue of $350.08 million for the quarter, compared to analysts’ expectations of $349.39 million. Triton International had a return on equity of 14.44% and a net margin of 37.41%. The business’s revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.81 earnings per share. As a group, equities research analysts anticipate that Triton International Ltd will post 4.42 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, December 17th. Investors of record on Monday, December 3rd were given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 5.84%. The ex-dividend date of this dividend was Friday, November 30th. Triton International’s dividend payout ratio (DPR) is presently 74.82%.

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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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Institutional Ownership by Quarter for Triton International (NYSE:TRTN)

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