Triton International (TRTN) Downgraded by ValuEngine
ValuEngine lowered shares of Triton International (NYSE:TRTN) from a buy rating to a hold rating in a research note released on Friday.
Several other analysts have also recently weighed in on the company. BidaskClub raised Triton International from a buy rating to a strong-buy rating in a report on Tuesday, November 7th. Wells Fargo & Company lifted their price target on Triton International from $39.00 to $42.00 and gave the stock an outperform rating in a report on Friday, October 20th. Zacks Investment Research cut Triton International from a strong-buy rating to a hold rating in a report on Wednesday, October 11th. Cowen reissued an outperform rating and set a $44.00 price target on shares of Triton International in a report on Monday, September 11th. Finally, SunTrust Banks lifted their price target on Triton International from $40.00 to $50.00 and gave the stock a buy rating in a report on Monday, November 13th. They noted that the move was a valuation call. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of $44.00.
Triton International (TRTN) traded down $1.38 during trading hours on Friday, reaching $37.16. The company had a trading volume of 513,700 shares, compared to its average volume of 446,518. The firm has a market cap of $3,000.00 and a PE ratio of 18.01. The company has a debt-to-equity ratio of 3.34, a quick ratio of 1.33 and a current ratio of 1.33. Triton International has a 1-year low of $15.69 and a 1-year high of $43.85.
Triton International (NYSE:TRTN) last released its quarterly earnings results on Wednesday, November 8th. The company reported $0.81 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.07. The business had revenue of $302.10 million during the quarter, compared to analysts’ expectations of $301.71 million. Triton International had a return on equity of 8.50% and a net margin of 14.44%. The firm’s revenue was up 7.2% on a year-over-year basis. equities research analysts predict that Triton International will post 2.75 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 1st will be issued a $0.45 dividend. The ex-dividend date is Thursday, November 30th. This represents a $1.80 annualized dividend and a yield of 4.84%. Triton International’s dividend payout ratio is presently 382.98%.
In other Triton International news, Director Kenneth Hanau sold 10,000 shares of Triton International stock in a transaction on Friday, November 17th. The stock was sold at an average price of $40.31, for a total value of $403,100.00. Following the completion of the transaction, the director now directly owns 31,580 shares of the company’s stock, valued at approximately $1,272,989.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 value of $57,270.00. Following the completion of the transaction, the director now directly owns 30,080 shares of the company’s stock, valued at $1,148,454.40. The disclosure for this sale can be found here. Insiders sold a total of 12,500 shares of company stock valued at $500,370 over the last ninety days. Insiders own 1.50% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC increased its stake in shares of Triton International by 7.6% in the 1st quarter. Geode Capital Management LLC now owns 266,692 shares of the company’s stock valued at $6,877,000 after purchasing an additional 18,778 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of Triton International by 21.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 33,399 shares of the company’s stock valued at $1,117,000 after purchasing an additional 5,862 shares during the last quarter. Strs Ohio increased its stake in shares of Triton International by 150.0% in the 2nd quarter. Strs Ohio now owns 29,500 shares of the company’s stock valued at $986,000 after purchasing an additional 17,700 shares during the last quarter. Pillar Pacific Capital Management LLC bought a new position in shares of Triton International in the 2nd quarter valued at $301,000. Finally, Rhumbline Advisers increased its stake in shares of Triton International by 11.2% in the 2nd quarter. Rhumbline Advisers now owns 51,835 shares of the company’s stock valued at $1,733,000 after purchasing an additional 5,212 shares during the last quarter. 63.32% of the stock is owned by hedge funds and other institutional investors.
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