Triton International Ltd (NYSE:TRTN) gapped down before the market opened on Friday . The stock had previously closed at $32.88, but opened at $31.94. Triton International shares last traded at $30.72, with a volume of 3424397 shares.
TRTN has been the subject of a number of research analyst reports. Zacks Investment Research downgraded Triton International from a “buy” rating to a “hold” rating and set a $34.00 price target for the company. in a report on Monday, December 31st. ValuEngine downgraded Triton International from a “hold” rating to a “sell” rating in a report on Friday. Finally, Bank of America downgraded Triton International from a “buy” rating to an “underperform” rating and lowered their price target for the company from $35.00 to $32.00 in a report on Monday, February 4th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. Triton International presently has a consensus rating of “Hold” and a consensus price target of $35.75.
The company has a debt-to-equity ratio of 3.24, a current ratio of 2.17 and a quick ratio of 2.17. The firm has a market cap of $2.52 billion, a price-to-earnings ratio of 6.80, a P/E/G ratio of 0.70 and a beta of 2.37.
Triton International (NYSE:TRTN) last issued its quarterly earnings results on Thursday, February 14th. The company reported $1.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.14 by $0.11. Triton International had a return on equity of 15.60% and a net margin of 25.89%. The business had revenue of $355.40 million during the quarter, compared to the consensus estimate of $359.00 million. During the same period in the previous year, the business earned $0.85 EPS. The business’s quarterly revenue was up 13.2% on a year-over-year basis. Sell-side analysts expect that Triton International Ltd will post 4.65 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Tuesday, March 12th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Monday, March 11th. This represents a $2.08 dividend on an annualized basis and a yield of 6.77%. Triton International’s dividend payout ratio is currently 46.02%.
Large investors have recently added to or reduced their stakes in the stock. Landsberg Bennett & Dubbaneh LLC acquired a new position in Triton International during the 4th quarter valued at approximately $256,000. Shelton Capital Management boosted its position in Triton International by 100.0% during the 4th quarter. Shelton Capital Management now owns 50,000 shares of the company’s stock valued at $1,554,000 after purchasing an additional 25,000 shares during the period. Virtu Financial LLC acquired a new position in Triton International during the 4th quarter valued at approximately $311,000. Vanguard Capital Wealth Advisors boosted its position in Triton International by 10.8% during the 4th quarter. Vanguard Capital Wealth Advisors now owns 14,930 shares of the company’s stock valued at $463,000 after purchasing an additional 1,450 shares during the period. Finally, Commonwealth Bank of Australia acquired a new position in Triton International during the 3rd quarter valued at approximately $219,000. Institutional investors and hedge funds own 64.05% of the company’s stock.
Triton International Company Profile (NYSE:TRTN)
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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