Triton International (TRTN) Stock Rating Lowered by ValuEngine

Triton International (NYSE:TRTN) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a report released on Thursday.

A number of other research firms also recently weighed in on TRTN. Cowen lifted their price target on Triton International from $46.00 to $50.00 and gave the company an “outperform” rating in a research note on Friday, November 10th. SunTrust Banks boosted their target price on Triton International from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, November 13th. They noted that the move was a valuation call. BidaskClub upgraded Triton International from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 7th. Wells Fargo & Co boosted their target price on Triton International from $42.00 to $45.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 14th. Finally, Zacks Investment Research upgraded Triton International from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock 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 stock. Triton International has an average rating of “Buy” and a consensus price target of $44.00.

Triton International (TRTN) traded down $4.47 during trading on Thursday, hitting $28.60. The company had a trading volume of 2,490,823 shares, compared to its average volume of 580,811. 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 has a 12-month low of $21.77 and a 12-month high of $43.85. The stock has a market capitalization of $2,670.00 and a P/E ratio of 60.85.

In other news, Director Kenneth Hanau sold 10,000 shares of the company’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $40.31, for a total value of $403,100.00. Following the sale, the director now directly owns 31,580 shares in the company, valued at $1,272,989.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Claude Germain sold 1,500 shares of the company’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $38.18, for a total value of $57,270.00. Following the completion of the sale, the director now owns 30,080 shares in the company, valued at $1,148,454.40. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of the company. Systematic Financial Management LP lifted its position in shares of Triton International by 215.9% in the fourth quarter. Systematic Financial Management LP now owns 1,127,335 shares of the company’s stock valued at $42,219,000 after acquiring an additional 770,431 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Triton International by 10.1% in the third quarter. Ameriprise Financial Inc. now owns 881,693 shares of the company’s stock valued at $29,343,000 after acquiring an additional 80,998 shares in the last quarter. State Street Corp lifted its position in shares of Triton International by 8.6% in the second quarter. State Street Corp now owns 814,650 shares of the company’s stock valued at $27,244,000 after acquiring an additional 64,662 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Triton International by 16.8% in the fourth quarter. Geode Capital Management LLC now owns 436,484 shares of the company’s stock valued at $16,346,000 after acquiring an additional 62,673 shares in the last quarter. Finally, Peregrine Capital Management LLC lifted its position in shares of Triton International by 2.1% in the third quarter. Peregrine Capital Management LLC now owns 324,512 shares of the company’s stock valued at $10,800,000 after acquiring an additional 6,616 shares in the last quarter. Institutional investors and hedge funds own 64.01% of the company’s stock.

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Triton International Company 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.

Analyst Recommendations for Triton International (NYSE:TRTN)

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