Sciencast Management LP boosted its holdings in Triton International Limited (NYSE:TRTN) by 5.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,716 shares of the company’s stock after purchasing an additional 903 shares during the quarter. Sciencast Management LP’s holdings in Triton International were worth $960,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Allred Capital Management LLC acquired a new stake in Triton International in the 1st quarter valued at $43,000. Captrust Financial Advisors grew its position in Triton International by 21.0% in the 4th quarter. Captrust Financial Advisors now owns 1,210 shares of the company’s stock valued at $59,000 after purchasing an additional 210 shares during the period. Fieldpoint Private Securities LLC bought a new position in Triton International during the 1st quarter valued at $77,000. Sowell Financial Services LLC bought a new position in Triton International during the 1st quarter valued at $114,000. Finally, Wedbush Securities Inc. bought a new position in Triton International during the 1st quarter valued at $242,000. 67.59% of the stock is owned by institutional investors and hedge funds.
In other news, Director Claude Germain sold 1,500 shares of Triton International stock in a transaction on Tuesday, June 1st. The stock was sold at an average price of $54.50, for a total transaction of $81,750.00. Following the sale, the director now directly owns 44,983 shares in the company, valued at approximately $2,451,573.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Michelle Gallagher sold 1,713 shares of Triton International stock in a transaction dated Tuesday, June 1st. The stock was sold at an average price of $55.00, for a total value of $94,215.00. Following the completion of the sale, the vice president now directly owns 8,721 shares of the company’s stock, valued at approximately $479,655. The disclosure for this sale can be found here. Insiders have sold a total of 15,970 shares of company stock worth $909,493 over the last quarter. Company insiders own 1.80% of the company’s stock.
Shares of NYSE:TRTN opened at $50.54 on Friday. The company has a market cap of $3.40 billion, a PE ratio of 9.81, a PEG ratio of 0.66 and a beta of 1.63. Triton International Limited has a 1-year low of $28.66 and a 1-year high of $61.88. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 3.19. The company’s fifty day moving average is $53.42.
Triton International (NYSE:TRTN) last released its earnings results on Thursday, April 29th. The company reported $1.91 EPS for the quarter, topping the Zacks’ consensus estimate of $1.70 by $0.21. Triton International had a return on equity of 20.92% and a net margin of 29.45%. Equities research analysts forecast that Triton International Limited will post 8.01 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 24th. Stockholders of record on Thursday, June 10th will be paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 4.51%. The ex-dividend date is Wednesday, June 9th. Triton International’s payout ratio is 49.46%.
Triton International Company Profile
Triton International Limited engages in the acquisition, leasing, re-leasing, and sale of various types of 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, refrigerated, special, and tank containers; and chassis used for the transportation of intermodal containers, as well as provides maritime container management services.
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