Triton International (NYSE:TRTN) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Friday.
TRTN has been the subject of a number of other reports. SunTrust Banks increased their target price on shares of Triton International from $40.00 to $50.00 and gave the company a “buy” rating in a report on Monday, November 13th. They noted that the move was a valuation call. BidaskClub cut shares of Triton International from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 31st. Cowen reaffirmed a “buy” rating and issued a $44.00 target price (up from $40.00) on shares of Triton International in a report on Thursday, August 10th. Zacks Investment Research raised shares of Triton International from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a report on Tuesday, November 14th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $35.00 target price on shares of Triton International in a report on Thursday, August 10th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $44.00.
Triton International (TRTN) opened at $38.54 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 3.34. Triton International has a twelve month low of $15.69 and a twelve month high of $43.85. The company has a market capitalization of $3,190.00 and a price-to-earnings ratio of 18.49.
In other Triton International news, VP Michelle Gallagher sold 1,000 shares of Triton International stock in a transaction on Friday, October 20th. The shares were sold at an average price of $40.00, for a total value of $40,000.00. Following the transaction, the vice president now owns 23,158 shares in the company, valued at approximately $926,320. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Claude Germain sold 1,500 shares of Triton International stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $38.18, for a total transaction of $57,270.00. Following the completion of the transaction, the director now owns 30,080 shares in the company, valued at approximately $1,148,454.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,500 shares of company stock worth $500,370. 1.50% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the business. Marshall Wace North America L.P. acquired a new position in shares of Triton International during the 2nd quarter valued at $874,000. Rhumbline Advisers increased its stake in Triton International by 11.2% during the 2nd quarter. Rhumbline Advisers now owns 51,835 shares of the company’s stock worth $1,733,000 after buying an additional 5,212 shares during the period. Argent Capital Management LLC purchased a new stake in Triton International during the 2nd quarter worth $2,577,000. Kempen Capital Management N.V. purchased a new stake in Triton International during the 2nd quarter worth $12,404,000. Finally, Systematic Financial Management LP purchased a new stake in Triton International during the 2nd quarter worth $1,816,000. Institutional investors own 63.36% of the company’s stock.
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To view ValuEngine’s full report, visit ValuEngine’s official website.
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