Triton International Limited (NASDAQ:TRTN)‘s stock had its “hold” rating restated by investment analysts at Keefe, Bruyette & Woods in a report issued on Friday, May 12th. They presently have a $28.00 price objective on the stock. Keefe, Bruyette & Woods’ target price indicates a potential downside of 13.26% from the stock’s current price.
A number of other brokerages have also commented on TRTN. Zacks Investment Research raised Triton International Limited from a “hold” rating to a “strong-buy” rating and set a $35.00 price objective for the company in a report on Friday, April 28th. SunTrust Banks, Inc. upped their target price on Triton International Limited from $28.00 to $30.00 and gave the company a “buy” rating in a report on Friday, April 7th. Cowen and Company reaffirmed an “outperform” rating and issued a $30.00 target price on shares of Triton International Limited in a report on Thursday, March 16th. Finally, Wells Fargo & Company started coverage on Triton International Limited in a report on Monday, February 13th. They issued an “outperform” rating and a $30.00 target price for the company. They noted that the move was a valuation call. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Triton International Limited has a consensus rating of “Buy” and a consensus target price of $33.17.
Triton International Limited (NASDAQ TRTN) traded up 1.61% during trading on Friday, reaching $32.28. The company’s stock had a trading volume of 531,282 shares. Triton International Limited has a 52 week low of $11.27 and a 52 week high of $33.25. The stock’s 50 day moving average is $29.32 and its 200-day moving average is $24.61.
Triton International Limited (NASDAQ:TRTN) last issued its earnings results on Tuesday, March 14th. The company reported $0.21 EPS for the quarter, meeting analysts’ consensus estimates of $0.21. The firm had revenue of $259.50 million during the quarter, compared to the consensus estimate of $251.91 million. The firm’s revenue for the quarter was up 50.0% on a year-over-year basis. On average, equities research analysts expect that Triton International Limited will post $2.46 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 22nd. Shareholders of record on Thursday, June 1st will be given a dividend of $0.45 per share. The ex-dividend date is Tuesday, May 30th. This represents a $1.80 annualized dividend and a dividend yield of 5.58%.
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In other news, CFO John Burns sold 26,300 shares of the firm’s stock in a transaction dated Monday, April 24th. The stock was sold at an average price of $30.02, for a total transaction of $789,526.00. Following the transaction, the chief financial officer now directly owns 121,126 shares of the company’s stock, valued at $3,636,202.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kevin Valentine sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $32.50, for a total value of $65,000.00. Following the transaction, the insider now directly owns 63,705 shares in the company, valued at $2,070,412.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 69,825 shares of company stock worth $2,090,959.
Hedge funds have recently bought and sold shares of the company. Aperio Group LLC purchased a new stake in Triton International Limited during the third quarter worth $137,000. Citadel Advisors LLC purchased a new stake in Triton International Limited during the third quarter worth $1,162,000. Russell Investments Group Ltd. purchased a new stake in Triton International Limited during the fourth quarter worth $172,000. State Street Corp raised its stake in Triton International Limited by 13.8% in the fourth quarter. State Street Corp now owns 791,228 shares of the company’s stock worth $12,501,000 after buying an additional 95,787 shares in the last quarter. Finally, Foresters Investment Management Company Inc. raised its stake in Triton International Limited by 5.4% in the fourth quarter. Foresters Investment Management Company Inc. now owns 1,158,900 shares of the company’s stock worth $19,875,000 after buying an additional 59,390 shares in the last quarter.
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