Private Advisor Group LLC Invests $223,000 in Triton International Ltd (TRTN)

Private Advisor Group LLC bought a new stake in Triton International Ltd (NYSE:TRTN) in the third quarter, Holdings Channel reports. The firm bought 6,709 shares of the company’s stock, valued at approximately $223,000.

Several other institutional investors have also made changes to their positions in the company. IFP Advisors Inc raised its stake in Triton International by 110.9% in the third quarter. IFP Advisors Inc now owns 5,752 shares of the company’s stock valued at $191,000 after purchasing an additional 3,024 shares in the last quarter. Amalgamated Bank acquired a new position in Triton International in the second quarter valued at about $218,000. SG Americas Securities LLC raised its stake in Triton International by 31.9% in the second quarter. SG Americas Securities LLC now owns 7,109 shares of the company’s stock valued at $218,000 after purchasing an additional 1,720 shares in the last quarter. Quad Cities Investment Group LLC raised its stake in Triton International by 18.6% in the second quarter. Quad Cities Investment Group LLC now owns 9,465 shares of the company’s stock valued at $290,000 after purchasing an additional 1,484 shares in the last quarter. Finally, Perennial Advisors LLC acquired a new position in Triton International in the second quarter valued at about $385,000. 65.69% of the stock is owned by institutional investors.

In other Triton International news, Director Global Ltd Bharti bought 337,000 shares of the stock in a transaction on Thursday, November 1st. The stock was purchased at an average price of $34.78 per share, with a total value of $11,720,860.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Pincus (Ganymede-Ii) P. Warburg sold 1,850,000 shares of the business’s stock in a transaction dated Wednesday, September 5th. The stock was sold at an average price of $34.78, for a total value of $64,343,000.00. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by insiders.

Shares of NYSE TRTN opened at $34.08 on Friday. The company has a debt-to-equity ratio of 3.13, a current ratio of 1.38 and a quick ratio of 1.38. The stock has a market cap of $2.77 billion, a price-to-earnings ratio of 12.26, a price-to-earnings-growth ratio of 0.79 and a beta of 2.86. Triton International Ltd has a 12 month low of $27.76 and a 12 month high of $42.41.

Triton International (NYSE:TRTN) last issued its earnings results on Friday, November 2nd. The company reported $1.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.05. The firm had revenue of $350.08 million during the quarter, compared to the consensus estimate of $349.39 million. Triton International had a return on equity of 14.44% and a net margin of 37.41%. The business’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.81 earnings per share. On average, sell-side analysts predict that Triton International Ltd will post 4.42 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, December 3rd will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 6.10%. The ex-dividend date of this dividend is Friday, November 30th. Triton International’s payout ratio is 74.82%.

TRTN has been the subject of a number of analyst reports. Wells Fargo & Co downgraded Triton International from an “outperform” rating to a “market perform” rating and set a $35.00 price target for the company. in a research note on Friday, September 28th. Keefe, Bruyette & Woods raised Triton International from a “market perform” rating to an “outperform” rating in a research note on Thursday, September 6th. Bank of America dropped their price target on Triton International from $41.00 to $38.00 and set a “buy” rating for the company in a research note on Wednesday, October 10th. Zacks Investment Research downgraded Triton International from a “buy” rating to a “hold” rating in a research note on Friday, October 5th. Finally, ValuEngine raised Triton International from a “strong sell” rating to a “sell” rating in a research note on Friday, August 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. Triton International has a consensus rating of “Hold” and an average target price of $40.00.

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About Triton International

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 freight, refrigerated, special, and tank containers; and chassis used for the transportation of containers, as well as manages containers owned by third parties.

Further Reading: What is a Swap?

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

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