Triton International Limited (TRTN) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System cut its stake in shares of Triton International Limited (NYSE:TRTN) by 9.6% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 69,587 shares of the company’s stock after selling 7,413 shares during the period. California State Teachers Retirement System owned about 0.09% of Triton International worth $2,316,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of TRTN. Kempen Capital Management N.V. acquired a new position in Triton International during the second quarter worth $12,404,000. Systematic Financial Management LP raised its position in Triton International by 557.1% during the third quarter. Systematic Financial Management LP now owns 356,904 shares of the company’s stock worth $11,878,000 after acquiring an additional 302,589 shares during the period. Balyasny Asset Management LLC acquired a new position in Triton International during the second quarter worth $9,389,000. Russell Investments Group Ltd. raised its position in 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 period. Finally, Ameriprise Financial Inc. raised its position in Triton International by 25.1% during the second quarter. Ameriprise Financial Inc. now owns 800,695 shares of the company’s stock worth $26,776,000 after acquiring an additional 160,814 shares during the period. Institutional investors own 63.28% of the company’s stock.

Shares of Triton International Limited (NYSE TRTN) opened at $41.85 on Monday. The company has a market cap of $3,376.75, a PE ratio of 19.47, a PEG ratio of 1.11 and a beta of 2.71. The company has a debt-to-equity ratio of 3.34, a current ratio of 1.33 and a quick ratio of 1.33. Triton International Limited has a 12-month low of $18.47 and a 12-month high of $43.85.

Triton International (NYSE:TRTN) last issued its earnings results on Wednesday, November 8th. The company reported $0.81 EPS for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.07. The business 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% compared to the same quarter last year. sell-side analysts anticipate that Triton International Limited will post 2.75 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 22nd. Investors of record on Friday, December 1st were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date was Thursday, November 30th. Triton International’s dividend payout ratio is currently 83.72%.

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

TRTN has been the subject of a number of recent research reports. BidaskClub cut shares of Triton International from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 15th. 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 research report on Tuesday, November 14th. SunTrust Banks increased their target price 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. ValuEngine cut shares of Triton International from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Wells Fargo & Co increased their target price on shares of Triton International from $42.00 to $45.00 and gave the company an “outperform” rating in a research report on Tuesday, November 14th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $44.00.

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Triton International Profile

Triton International Limited engages in the acquisition, leasing, re-leasing, and sale of various intermodal containers and chassis 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 containers, refrigerated containers, special containers, tank containers, and chassis, as well as manages containers owned by third parties.

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

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