Insider Selling: Triton International Limited (TRTN) Director Sells 10,000 Shares of Stock

Triton International Limited (NYSE:TRTN) Director Kenneth Hanau sold 10,000 shares of Triton International 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 sale, the director now directly owns 31,580 shares in the company, valued at approximately $1,272,989.80. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Triton International Limited (NYSE:TRTN) opened at $38.54 on Monday. Triton International Limited has a 12-month low of $15.69 and a 12-month high of $43.85. The stock has a market cap of $3,109.68, a PE ratio of 18.01, a P/E/G ratio of 1.87 and a beta of 2.71. The company has a debt-to-equity ratio of 3.34, a quick ratio of 1.33 and a current ratio of 1.33.

Triton International (NYSE:TRTN) last issued its quarterly earnings results on Wednesday, November 8th. The company reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.07. The company had revenue of $302.10 million during the quarter, compared to analysts’ expectations of $301.71 million. Triton International had a net margin of 14.44% and a return on equity of 8.50%. Triton International’s revenue for the quarter was up 7.2% on a year-over-year basis. equities analysts anticipate that Triton International Limited will post 2.75 earnings per share for the current year.

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

A number of equities research analysts have recently weighed in on TRTN shares. BidaskClub raised shares of Triton International from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 7th. Wells Fargo & Company lifted their target price on shares of Triton International from $39.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, October 20th. Zacks Investment Research lowered shares of Triton International from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Cowen reaffirmed an “outperform” rating and set a $44.00 target price on shares of Triton International in a research note on Monday, September 11th. Finally, SunTrust Banks lifted their price target on shares of Triton International from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, November 13th. They noted that the move was a valuation call. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $44.00.

A number of institutional investors have recently modified their holdings of the business. Ameriprise Financial Inc. raised its holdings in Triton International by 10.1% in the third quarter. Ameriprise Financial Inc. now owns 881,693 shares of the company’s stock worth $29,343,000 after buying an additional 80,998 shares during the last quarter. State Street Corp raised its holdings in Triton International by 8.6% in the second quarter. State Street Corp now owns 814,650 shares of the company’s stock worth $27,244,000 after buying an additional 64,662 shares during the last quarter. Teachers Advisors LLC raised its holdings in Triton International by 391.6% in the first 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 in the second quarter worth about $12,404,000. Finally, Systematic Financial Management LP raised its holdings in Triton International by 557.1% in the third quarter. Systematic Financial Management LP now owns 356,904 shares of the company’s stock worth $11,878,000 after buying an additional 302,589 shares during the last quarter. 63.36% of the stock is owned by institutional investors and hedge funds.

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Insider Buying and Selling by Quarter for Triton International (NYSE:TRTN)

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