Allianz Asset Management GmbH lifted its stake in shares of Triton International Ltd (NYSE:TRTN) by 0.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 576,022 shares of the company’s stock after acquiring an additional 3,050 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.72% of Triton International worth $19,164,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently modified their holdings of the company. Stratos Wealth Partners LTD. bought a new stake in Triton International in the third quarter worth approximately $180,000. IFP Advisors Inc increased its holdings in Triton International by 110.9% in the third quarter. IFP Advisors Inc now owns 5,752 shares of the company’s stock worth $191,000 after purchasing an additional 3,024 shares in the last quarter. SG Americas Securities LLC increased its holdings in Triton International by 31.9% in the second quarter. SG Americas Securities LLC now owns 7,109 shares of the company’s stock worth $218,000 after purchasing an additional 1,720 shares in the last quarter. MML Investors Services LLC bought a new stake in Triton International in the third quarter worth approximately $219,000. Finally, Commonwealth Bank of Australia bought a new stake in Triton International in the third quarter worth approximately $219,000. Institutional investors own 64.25% of the company’s stock.
A number of brokerages have weighed in on TRTN. Wells Fargo & Co downgraded Triton International from an “outperform” rating to a “market perform” rating and set a $35.00 target price for the company. in a report on Friday, September 28th. Keefe, Bruyette & Woods upgraded Triton International from a “market perform” rating to an “outperform” rating in a report on Thursday, September 6th. ValuEngine upgraded Triton International from a “strong sell” rating to a “sell” rating in a report on Friday, August 10th. Zacks Investment Research restated a “buy” rating and set a $39.00 price objective on shares of Triton International in a report on Saturday, November 17th. Finally, Bank of America decreased their price objective on Triton International from $41.00 to $38.00 and set a “buy” rating for the company in a report on Wednesday, October 10th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company’s stock. Triton International has an average rating of “Buy” and an average price target of $40.17.
NYSE TRTN opened at $32.84 on Friday. The company has a market cap of $2.67 billion, a PE ratio of 11.81, a PEG ratio of 0.76 and a beta of 2.84. Triton International Ltd has a 52 week low of $27.76 and a 52 week high of $42.41. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 3.13.
Triton International (NYSE:TRTN) last released its quarterly earnings data on Friday, November 2nd. The company reported $1.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.05. The firm had revenue of $350.08 million during the quarter, compared to the consensus estimate of $349.39 million. Triton International had a return on equity of 14.44% and a net margin of 37.41%. The company’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.81 earnings per share. On average, equities analysts anticipate that Triton International Ltd will post 4.42 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Monday, December 3rd will be issued a dividend of $0.52 per share. The ex-dividend date of this dividend is Friday, November 30th. This represents a $2.08 annualized dividend and a dividend yield of 6.33%. Triton International’s dividend payout ratio is 74.82%.
In other news, Director Global Ltd Bharti acquired 337,000 shares of the firm’s stock in a transaction dated Thursday, November 1st. The stock was purchased at an average price of $34.78 per share, for a total transaction of $11,720,860.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.40% of the company’s stock.
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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