Triton International Limited (NASDAQ:TRTN) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a report released on Wednesday.
According to Zacks, “Triton International Limited offers acquisition, leasing, re-leasing, and sale of intermodal containers. The company’s leasing equipment consists of Dry Freight Containers, Refrigerated Containers, Special Containers, Tank Containers and Chassis. Triton International Limited, formerly known as TAL International Group, Inc., is based in Hamilton, Bermuda. “
Other analysts have also recently issued reports about the stock. BidaskClub upgraded shares of Triton International Limited from a “hold” rating to a “buy” rating in a research note on Thursday, October 5th. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $40.00 target price (up from $35.00) on shares of Triton International Limited in a research note on Thursday, August 10th. Cowen and Company reiterated a “buy” rating and issued a $44.00 target price (up from $40.00) on shares of Triton International Limited in a research note on Thursday, August 10th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $35.00 target price on shares of Triton International Limited in a research note on Thursday, August 10th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $37.50.
Triton International Limited (NASDAQ:TRTN) last released its earnings results on Tuesday, August 8th. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.04. The company had revenue of $281.90 million during the quarter, compared to analyst estimates of $281.09 million. The firm’s revenue for the quarter was up 78.1% on a year-over-year basis. During the same quarter last year, the business earned $0.88 earnings per share.
In related news, VP Michelle Gallagher sold 2,000 shares of Triton International Limited stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $34.68, for a total value of $69,360.00. Following the completion of the sale, the vice president now directly owns 25,158 shares in the company, valued at approximately $872,479.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
A number of institutional investors and hedge funds have recently bought and sold shares of TRTN. Teachers Advisors LLC raised its position in Triton International Limited by 391.6% during the 1st quarter. Teachers Advisors LLC now owns 478,942 shares of the company’s stock worth $12,352,000 after buying an additional 381,523 shares during the last quarter. Kempen Capital Management N.V. purchased a new position in Triton International Limited during the 2nd quarter worth approximately $12,404,000. Balyasny Asset Management LLC purchased a new position in Triton International Limited during the 2nd quarter worth approximately $9,389,000. Ameriprise Financial Inc. raised its position in Triton International Limited by 25.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 800,695 shares of the company’s stock worth $26,776,000 after buying an additional 160,814 shares during the last quarter. Finally, EAM Investors LLC purchased a new position in Triton International Limited during the 2nd quarter worth approximately $3,046,000.
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