Triton International Target of Unusually High Options Trading (NYSE:TRTN)

Triton International Ltd (NYSE:TRTN) was the recipient of unusually large options trading activity on Monday. Stock traders purchased 624 put options on the stock. This represents an increase of approximately 755% compared to the typical volume of 73 put options.

Shares of TRTN opened at $31.61 on Wednesday. Triton International has a 1-year low of $28.20 and a 1-year high of $39.56. The stock has a market cap of $2.42 billion, a P/E ratio of 6.99, a P/E/G ratio of 0.66 and a beta of 2.27. The company has a debt-to-equity ratio of 3.34, a current ratio of 1.89 and a quick ratio of 1.89.

Triton International (NYSE:TRTN) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.13. Triton International had a net margin of 26.23% and a return on equity of 16.27%. The company had revenue of $340.90 million during the quarter, compared to analyst estimates of $350.36 million. During the same quarter last year, the business posted $0.99 EPS. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. Research analysts forecast that Triton International will post 4.67 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, June 6th will be issued a dividend of $0.52 per share. The ex-dividend date is Wednesday, June 5th. This represents a $2.08 dividend on an annualized basis and a yield of 6.58%. Triton International’s payout ratio is 46.02%.

Several equities research analysts have recently issued reports on TRTN shares. Zacks Investment Research lowered shares of Triton International from a “buy” rating to a “hold” rating in a report on Tuesday, April 23rd. ValuEngine lowered shares of Triton International from a “hold” rating to a “sell” rating in a report on Friday, March 15th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $36.25.

In other news, Director Claude Germain bought 2,000 shares of the stock in a transaction dated Wednesday, May 8th. The stock was purchased at an average price of $26.68 per share, for a total transaction of $53,360.00. Following the acquisition, the director now owns 2,000 shares of the company’s stock, valued at $53,360. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Pincus (Ganymede-Ii) P. Warburg sold 7,132,790 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $31.10, for a total transaction of $221,829,769.00. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of Montreal Can grew its stake in shares of Triton International by 15.0% during the fourth quarter. Bank of Montreal Can now owns 3,174 shares of the company’s stock worth $99,000 after purchasing an additional 414 shares during the period. Oppenheimer Asset Management Inc. acquired a new stake in shares of Triton International during the fourth quarter worth $76,000. Sigma Planning Corp acquired a new stake in shares of Triton International during the fourth quarter worth $393,000. Rhumbline Advisers grew its stake in shares of Triton International by 43.1% during the fourth quarter. Rhumbline Advisers now owns 74,211 shares of the company’s stock worth $2,306,000 after purchasing an additional 22,343 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in shares of Triton International during the fourth quarter worth $273,000. Institutional investors own 60.64% of the company’s stock.

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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, refrigerated, special, and tank containers; and chassis used for the transportation of intermodal containers, as well as provides container management services.

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