Calamos Advisors LLC Takes $373,000 Position in Triton International Ltd (TRTN)

Calamos Advisors LLC bought a new stake in shares of Triton International Ltd (NYSE:TRTN) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 12,000 shares of the company’s stock, valued at approximately $373,000.

A number of other institutional investors have also made changes to their positions in TRTN. LSV Asset Management raised its stake in shares of Triton International by 111.3% in the 4th quarter. LSV Asset Management now owns 1,275,193 shares of the company’s stock worth $39,620,000 after buying an additional 671,770 shares in the last quarter. Norges Bank bought a new stake in shares of Triton International in the 4th quarter worth $19,462,000. Clearbridge Investments LLC raised its stake in shares of Triton International by 954,293.0% in the 3rd quarter. Clearbridge Investments LLC now owns 544,004 shares of the company’s stock worth $18,099,000 after buying an additional 543,947 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Triton International by 6.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,542,235 shares of the company’s stock worth $172,195,000 after buying an additional 317,813 shares in the last quarter. Finally, Segantii Capital Management Ltd bought a new stake in shares of Triton International in the 4th quarter worth $3,728,000. 65.53% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE TRTN opened at $32.52 on Wednesday. The company has a debt-to-equity ratio of 3.24, a quick ratio of 2.17 and a current ratio of 2.17. The firm has a market capitalization of $2.54 billion, a P/E ratio of 7.19, a P/E/G ratio of 0.69 and a beta of 2.35. Triton International Ltd has a 52-week low of $28.20 and a 52-week high of $39.56.

Triton International (NYSE:TRTN) last issued its earnings results on Thursday, February 14th. The company reported $1.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.14 by $0.11. The business had revenue of $355.40 million for the quarter, compared to analysts’ expectations of $359.00 million. Triton International had a return on equity of 15.60% and a net margin of 25.89%. The company’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.85 EPS. As a group, research analysts expect that Triton International Ltd will post 4.65 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Tuesday, March 12th were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 6.40%. The ex-dividend date was Monday, March 11th. Triton International’s payout ratio is 46.02%.

TRTN has been the topic of a number of research reports. Bank of America downgraded Triton International from a “buy” rating to an “underperform” rating and dropped their price objective for the stock from $35.00 to $32.00 in a research note on Monday, February 4th. ValuEngine raised Triton International from a “sell” rating to a “hold” rating in a research note on Wednesday, January 30th. Finally, Zacks Investment Research downgraded Triton International from a “buy” rating to a “hold” rating in a research note on Thursday, January 10th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. Triton International currently has an average rating of “Hold” and a consensus price target of $36.25.

In related news, Director Pincus (Ganymede-Ii) P. Warburg sold 7,132,790 shares of Triton International stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $31.10, for a total value of $221,829,769.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.60% of the company’s stock.

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Triton International Profile

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, refrigerated, special, and tank containers; and chassis used for the transportation of intermodal containers, as well as provides container management services.

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

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