Triton International Ltd (TRTN) Receives Average Recommendation of “Hold” from Brokerages

Triton International Ltd (NYSE:TRTN) has received a consensus recommendation of “Hold” from the six brokerages that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $36.33.

A number of research analysts have recently issued reports on TRTN shares. Zacks Investment Research raised Triton International from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a report on Wednesday, November 28th. ValuEngine raised Triton International from a “sell” rating to a “hold” rating in a report on Wednesday, January 30th.

Hedge funds have recently made changes to their positions in the stock. Landsberg Bennett & Dubbaneh LLC acquired a new position in Triton International during the fourth quarter worth $256,000. Shelton Capital Management grew its holdings in Triton International by 100.0% during the fourth quarter. Shelton Capital Management now owns 50,000 shares of the company’s stock worth $1,554,000 after acquiring an additional 25,000 shares during the period. Virtu Financial LLC acquired a new position in Triton International during the fourth quarter worth $311,000. Vanguard Capital Wealth Advisors grew its holdings in Triton International by 10.8% during the fourth quarter. Vanguard Capital Wealth Advisors now owns 14,930 shares of the company’s stock worth $463,000 after acquiring an additional 1,450 shares during the period. Finally, Commonwealth Bank of Australia acquired a new position in Triton International during the third quarter worth $219,000. 64.05% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE TRTN opened at $30.72 on Friday. The company has a debt-to-equity ratio of 3.24, a current ratio of 2.17 and a quick ratio of 2.17. Triton International has a twelve month low of $28.20 and a twelve month high of $39.56. The company has a market capitalization of $2.52 billion, a price-to-earnings ratio of 6.80, a PEG ratio of 0.70 and a beta of 2.37.

Triton International (NYSE:TRTN) last released its earnings results on Thursday, February 14th. The company reported $1.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.14 by $0.11. The business had revenue of $355.40 million for the quarter, compared to analyst estimates of $359.00 million. Triton International had a return on equity of 15.60% and a net margin of 25.89%. The company’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.85 earnings per share. As a group, sell-side analysts anticipate that Triton International will post 4.65 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Tuesday, March 12th will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 6.77%. The ex-dividend date is Monday, March 11th. Triton International’s payout ratio is currently 46.02%.

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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