Hamilton Lane Advisors LLC acquired a new position in Triton International Limited (NYSE:TRTN) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 193,555 shares of the company’s stock, valued at approximately $7,249,000. Triton International makes up about 3.7% of Hamilton Lane Advisors LLC’s investment portfolio, making the stock its 7th largest position.
Other institutional investors have also recently modified their holdings of the company. Quantbot Technologies LP acquired a new stake in shares of Triton International in the third quarter worth $214,000. SG Americas Securities LLC acquired a new position in Triton International during the 3rd quarter valued at $289,000. Quotient Investors LLC acquired a new position in Triton International during the 3rd quarter valued at $445,000. UBS Asset Management Americas Inc. raised its stake in Triton International by 60.5% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 16,690 shares of the company’s stock valued at $558,000 after purchasing an additional 6,291 shares during the last quarter. Finally, American International Group Inc. raised its stake in Triton International by 8.1% during the 3rd quarter. American International Group Inc. now owns 29,130 shares of the company’s stock valued at $969,000 after purchasing an additional 2,178 shares during the last quarter. Institutional investors and hedge funds own 63.28% of the company’s stock.
Several equities analysts recently commented on TRTN shares. BidaskClub cut shares of Triton International from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 15th. Zacks Investment Research upgraded shares of Triton International from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research note on Tuesday, November 14th. SunTrust Banks upped their target price on shares of Triton International from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, November 13th. They noted that the move was a valuation call. ValuEngine cut shares of Triton International from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Wells Fargo & Co upped their target price on shares of Triton International from $42.00 to $45.00 and gave the company an “outperform” rating in a research note on Tuesday, November 14th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $44.00.
Triton International Limited (NYSE TRTN) remained flat at $$39.97 during trading hours on Wednesday. 292,379 shares of the company’s stock were exchanged, compared to its average volume of 431,027. The stock has a market capitalization of $3,230.00 and a price-to-earnings ratio of 85.04. Triton International Limited has a 52 week low of $18.47 and a 52 week high of $43.85. 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 (NYSE:TRTN) last announced its quarterly earnings results on Wednesday, November 8th. The company reported $0.81 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.07. The firm had revenue of $302.10 million for the quarter, compared to analyst estimates of $301.71 million. Triton International had a net margin of 14.44% and a return on equity of 8.50%. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. equities research analysts anticipate that Triton International Limited will post 2.75 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 22nd. Shareholders of record on Friday, December 1st were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 4.50%. The ex-dividend date was Thursday, November 30th. Triton International’s dividend payout ratio (DPR) is presently 382.98%.
In other Triton International news, Director Claude Germain sold 1,500 shares of the business’s 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 sale, the director now owns 30,080 shares of the company’s stock, valued at approximately $1,148,454.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Michelle Gallagher sold 1,000 shares of the business’s stock in a transaction on Friday, October 20th. The shares were sold at an average price of $40.00, for a total transaction of $40,000.00. Following the completion of the sale, the vice president now directly owns 23,158 shares in the company, valued at approximately $926,320. The disclosure for this sale can be found here. Insiders sold a total of 12,500 shares of company stock worth $500,370 in the last three months. Insiders own 1.50% of the company’s stock.
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Triton International Company Profile
Triton International Limited engages in the acquisition, leasing, re-leasing, and sale of various intermodal containers and chassis 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 containers, refrigerated containers, special containers, tank containers, and chassis, as well as manages containers owned by third parties.
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