65,118 Shares in Triton International Limited (NYSE:TRTN) Acquired by 361 Capital LLC

361 Capital LLC acquired a new position in Triton International Limited (NYSE:TRTN) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 65,118 shares of the company’s stock, valued at approximately $2,167,000. 361 Capital LLC owned approximately 0.08% of Triton International at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. SG Americas Securities LLC bought a new position in shares of Triton International during the third quarter worth $289,000. Quantbot Technologies LP bought a new position in shares of Triton International during the third quarter worth $214,000. Russell Investments Group Ltd. boosted its position in shares of Triton International by 734.5% during the third quarter. Russell Investments Group Ltd. now owns 278,706 shares of the company’s stock worth $9,275,000 after acquiring an additional 245,307 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Triton International by 3.4% during the third quarter. Bank of New York Mellon Corp now owns 222,053 shares of the company’s stock worth $7,389,000 after acquiring an additional 7,286 shares during the last quarter. Finally, Peregrine Capital Management LLC lifted its position in Triton International by 2.1% during the third quarter. Peregrine Capital Management LLC now owns 324,512 shares of the company’s stock valued at $10,800,000 after purchasing an additional 6,616 shares during the last quarter. 63.36% of the stock is owned by hedge funds and other institutional investors.

Triton International Limited (NYSE TRTN) traded down $1.04 during mid-day trading on Friday, reaching $38.54. 421,157 shares of the company traded hands, compared to its average volume of 506,467. The stock has a market cap of $3,109.68, a P/E ratio of 18.01, a PEG ratio of 1.87 and a beta of 2.71. Triton International Limited has a 52 week low of $15.69 and a 52 week high of $43.85. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 3.34.

Triton International (NYSE:TRTN) last posted its quarterly earnings results on Wednesday, November 8th. The company reported $0.81 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.07. The company had revenue of $302.10 million for the quarter, compared to the consensus estimate of $301.71 million. Triton International had a net margin of 14.44% and a return on equity of 8.50%. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. analysts predict that Triton International Limited will post 2.75 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 1st will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 4.67%. The ex-dividend date is Thursday, November 30th. Triton International’s dividend payout ratio (DPR) is 83.72%.

In other Triton International news, Director Kenneth Hanau sold 10,000 shares of the firm’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $40.31, for a total transaction of $403,100.00. Following the transaction, the director now owns 31,580 shares of the company’s stock, valued at approximately $1,272,989.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Michelle Gallagher sold 1,000 shares of Triton International stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $40.00, for a total transaction of $40,000.00. Following the completion of the transaction, the vice president now directly owns 23,158 shares in the company, valued at approximately $926,320. The disclosure for this sale can be found here. Insiders have sold a total of 12,500 shares of company stock worth $500,370 in the last three months. Insiders own 1.50% of the company’s stock.

Several equities analysts have commented on TRTN shares. SunTrust Banks reiterated a “buy” rating and set a $40.00 price objective (up previously from $35.00) on shares of Triton International in a research report on Thursday, August 10th. BidaskClub lowered shares of Triton International from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 12th. Cowen restated a “buy” rating and issued a $44.00 target price (up previously from $40.00) on shares of Triton International in a report on Thursday, August 10th. Zacks Investment Research upgraded shares of Triton International from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a report on Tuesday, November 14th. Finally, ValuEngine lowered shares of Triton International from a “buy” rating to a “hold” rating in a report on Friday. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Triton International has a consensus rating of “Buy” and a consensus target price of $44.00.

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

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