RPg Family Wealth Advisory LLC Acquires New Position in Triton International Limited (NYSE:TRTN)

RPg Family Wealth Advisory LLC bought a new position in Triton International Limited (NYSE:TRTNGet Rating) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 27,820 shares of the company’s stock, valued at approximately $1,952,000.

Other large investors also recently added to or reduced their stakes in the company. Weiss Multi Strategy Advisers LLC raised its stake in shares of Triton International by 169.8% in the 4th quarter. Weiss Multi Strategy Advisers LLC now owns 140,848 shares of the company’s stock valued at $8,483,000 after buying an additional 88,649 shares in the last quarter. Beach Investment Counsel Inc. PA bought a new position in Triton International in the 1st quarter worth approximately $3,062,000. Geode Capital Management LLC raised its position in Triton International by 3.8% in the 4th quarter. Geode Capital Management LLC now owns 1,120,825 shares of the company’s stock worth $67,507,000 after purchasing an additional 41,365 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Triton International by 156.3% during the 4th quarter. BNP Paribas Arbitrage SA now owns 52,926 shares of the company’s stock valued at $3,188,000 after acquiring an additional 32,276 shares during the last quarter. Finally, Schroder Investment Management Group raised its position in shares of Triton International by 18.9% during the 4th quarter. Schroder Investment Management Group now owns 148,077 shares of the company’s stock valued at $8,919,000 after acquiring an additional 23,506 shares during the last quarter. 66.27% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the stock. StockNews.com upgraded shares of Triton International from a “hold” rating to a “buy” rating in a research report on Thursday, May 12th. Bank of America cut shares of Triton International from a “buy” rating to an “underperform” rating and set a $53.00 target price on the stock. in a report on Friday, April 8th.

Triton International Stock Up 0.3 %

Shares of TRTN stock opened at $63.68 on Friday. The company has a debt-to-equity ratio of 3.31, a quick ratio of 4.35 and a current ratio of 4.35. The firm’s 50-day moving average is $57.40 and its 200-day moving average is $61.58. The stock has a market cap of $3.95 billion, a price-to-earnings ratio of 6.26, a PEG ratio of 0.57 and a beta of 1.49. Triton International Limited has a 52-week low of $48.34 and a 52-week high of $72.34.

Triton International (NYSE:TRTNGet Rating) last issued its quarterly earnings data on Thursday, July 28th. The company reported $2.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.65 by $0.27. The company had revenue of $421.60 million during the quarter, compared to analysts’ expectations of $419.95 million. Triton International had a return on equity of 31.58% and a net margin of 43.30%. The business’s revenue was up 14.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.14 earnings per share. Sell-side analysts predict that Triton International Limited will post 11.2 EPS for the current year.

Triton International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 22nd. Investors of record on Thursday, September 8th will be paid a $0.65 dividend. The ex-dividend date of this dividend is Wednesday, September 7th. This represents a $2.60 annualized dividend and a yield of 4.08%. Triton International’s dividend payout ratio (DPR) is presently 25.54%.

About Triton International

(Get Rating)

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 containers, as well as provides maritime container management services.

Further Reading

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Institutional Ownership by Quarter for Triton International (NYSE:TRTN)

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