A number of other equities research analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Triton International from a “hold” rating to a “sell” rating and set a $39.00 price objective for the company. in a research note on Monday, October 28th. Compass Point cut shares of Triton International from a “buy” rating to a “neutral” rating and set a $38.00 price objective for the company. in a research note on Friday, October 25th. CJS Securities started coverage on shares of Triton International in a research report on Wednesday, September 18th. They set a “market perform” rating and a $42.00 price target for the company. TheStreet raised shares of Triton International from a “c” rating to a “b-” rating in a research report on Thursday, October 24th. Finally, Cowen dropped their price target on shares of Triton International from $47.00 to $46.00 and set an “outperform” rating for the company in a research report on Monday, October 28th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $39.40.
Shares of Triton International stock traded up $0.11 during trading on Friday, reaching $37.69. The company’s stock had a trading volume of 166,100 shares, compared to its average volume of 419,747. Triton International has a 52-week low of $28.55 and a 52-week high of $38.46. The company has a market cap of $2.73 billion, a price-to-earnings ratio of 8.34, a PEG ratio of 0.82 and a beta of 2.30. The firm’s 50-day moving average is $35.60 and its two-hundred day moving average is $32.94. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 3.36.
Triton International (NYSE:TRTN) last announced its quarterly earnings data on Thursday, October 24th. The company reported $1.16 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.16. Triton International had a net margin of 24.34% and a return on equity of 16.69%. The company had revenue of $336.70 million during the quarter, compared to analysts’ expectations of $337.74 million. During the same quarter in the prior year, the company earned $1.17 EPS. The firm’s revenue was down 3.8% on a year-over-year basis. On average, equities research analysts anticipate that Triton International will post 4.6 EPS for the current year.
In other Triton International news, SVP Kevin Valentine sold 4,000 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $37.50, for a total transaction of $150,000.00. Following the completion of the sale, the senior vice president now owns 65,888 shares of the company’s stock, valued at approximately $2,470,800. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Michelle Gallagher sold 6,500 shares of the stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $34.11, for a total transaction of $221,715.00. Following the sale, the vice president now directly owns 6,240 shares of the company’s stock, valued at approximately $212,846.40. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company’s stock.
Large investors have recently bought and sold shares of the company. McIlrath & Eck LLC lifted its position in shares of Triton International by 111.1% in the 3rd quarter. McIlrath & Eck LLC now owns 760 shares of the company’s stock worth $26,000 after purchasing an additional 400 shares during the period. Redhawk Wealth Advisors Inc. purchased a new stake in shares of Triton International in the 2nd quarter worth about $32,000. Captrust Financial Advisors lifted its position in shares of Triton International by 116.4% in the 2nd quarter. Captrust Financial Advisors now owns 1,082 shares of the company’s stock worth $35,000 after purchasing an additional 582 shares during the period. Litman Gregory Asset Management LLC purchased a new stake in shares of Triton International in the 2nd quarter worth about $82,000. Finally, Coastal Investment Advisors Inc. purchased a new stake in shares of Triton International in the 3rd quarter worth about $104,000. 60.87% of the stock is owned by hedge funds and other institutional investors.
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, 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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