Triton International Limited (NASDAQ:TRTN) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research report issued on Wednesday.

According to Zacks, “Triton International Limited offers acquisition, leasing, re-leasing, and sale of intermodal containers. The company’s leasing equipment consists of Dry Freight Containers, Refrigerated Containers, Special Containers, Tank Containers and Chassis. Triton International Limited, formerly known as TAL International Group, Inc., is based in Hamilton, Bermuda. “

Other equities analysts have also issued research reports about the stock. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $35.00 price objective on shares of Triton International Limited in a research report on Thursday, August 10th. Cowen and Company reaffirmed an “outperform” rating and set a $40.00 price objective on shares of Triton International Limited in a research report on Monday, June 19th. BidaskClub raised shares of Triton International Limited from a “hold” rating to a “buy” rating in a research report on Thursday, October 5th. Finally, SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $40.00 price objective (up previously from $35.00) on shares of Triton International Limited in a research report on Thursday, August 10th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $37.50.

Shares of Triton International Limited (NASDAQ TRTN) traded up 1.07% during trading on Wednesday, reaching $35.93. 282,014 shares of the company traded hands. The firm has a market capitalization of $2.87 billion and a PE ratio of 76.45. The firm has a 50-day moving average price of $34.28 and a 200-day moving average price of $31.91. Triton International Limited has a 12 month low of $11.50 and a 12 month high of $38.19.

Triton International Limited (NASDAQ:TRTN) last posted its quarterly earnings results on Tuesday, August 8th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.59 by $0.04. The company had revenue of $281.90 million for the quarter, compared to analyst estimates of $281.09 million. The business’s revenue for the quarter was up 78.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.88 earnings per share. Equities research analysts anticipate that Triton International Limited will post $2.57 EPS for the current year.

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In other news, VP Michelle Gallagher sold 2,000 shares of Triton International Limited stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $34.68, for a total value of $69,360.00. Following the transaction, the vice president now owns 25,158 shares of the company’s stock, valued at $872,479.44. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

A number of hedge funds have recently made changes to their positions in TRTN. Russell Investments Group Ltd. increased its position in Triton International Limited by 159.8% during the first quarter. Russell Investments Group Ltd. now owns 27,537 shares of the company’s stock worth $711,000 after acquiring an additional 16,937 shares during the period. Bank of New York Mellon Corp increased its position in Triton International Limited by 1.3% during the first quarter. Bank of New York Mellon Corp now owns 244,857 shares of the company’s stock worth $6,316,000 after acquiring an additional 3,096 shares during the period. Karp Capital Management Corp bought a new position in Triton International Limited during the first quarter worth $221,000. American International Group Inc. increased its position in Triton International Limited by 27.5% during the first quarter. American International Group Inc. now owns 24,303 shares of the company’s stock worth $627,000 after acquiring an additional 5,245 shares during the period. Finally, Teachers Advisors LLC increased its position in Triton International Limited by 391.6% during the first quarter. Teachers Advisors LLC now owns 478,942 shares of the company’s stock worth $12,352,000 after acquiring an additional 381,523 shares during the period.

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Analyst Recommendations for Triton International Limited (NASDAQ:TRTN)

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