James Investment Research Inc. grew its holdings in Triton International Ltd (NYSE:TRTN) by 3.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 68,870 shares of the company’s stock after buying an additional 2,408 shares during the quarter. James Investment Research Inc. owned approximately 0.09% of Triton International worth $2,292,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in TRTN. Guggenheim Capital LLC increased its stake in shares of Triton International by 6.8% in the first quarter. Guggenheim Capital LLC now owns 96,866 shares of the company’s stock valued at $2,965,000 after buying an additional 6,130 shares in the last quarter. Millennium Management LLC increased its stake in shares of Triton International by 5.3% in the first quarter. Millennium Management LLC now owns 41,170 shares of the company’s stock valued at $1,260,000 after buying an additional 2,080 shares in the last quarter. Xact Kapitalforvaltning AB acquired a new stake in shares of Triton International in the first quarter valued at $269,000. Mount Yale Investment Advisors LLC acquired a new stake in shares of Triton International in the first quarter valued at $140,000. Finally, Mckinley Capital Management LLC Delaware increased its stake in shares of Triton International by 7.2% in the second quarter. Mckinley Capital Management LLC Delaware now owns 28,873 shares of the company’s stock valued at $885,000 after buying an additional 1,937 shares in the last quarter. Institutional investors own 65.31% of the company’s stock.
In other Triton International news, Director Pincus (Ganymede-Ii) P. Warburg sold 1,850,000 shares of the firm’s stock in a transaction dated Wednesday, September 5th. The stock was sold at an average price of $34.78, for a total transaction of $64,343,000.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Michelle Gallagher sold 2,900 shares of Triton International stock in a transaction dated Monday, August 20th. The shares were sold at an average price of $38.01, for a total value of $110,229.00. Following the transaction, the vice president now owns 13,209 shares in the company, valued at approximately $502,074.09. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,859,000 shares of company stock worth $64,672,429. Company insiders own 1.40% of the company’s stock.
Triton International (NYSE:TRTN) last issued its earnings results on Friday, August 3rd. The company reported $1.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.04. Triton International had a return on equity of 14.30% and a net margin of 35.39%. The firm had revenue of $329.80 million for the quarter, compared to analysts’ expectations of $330.49 million. During the same quarter last year, the business earned $0.63 earnings per share. The company’s revenue was up 17.0% compared to the same quarter last year. Equities analysts anticipate that Triton International Ltd will post 4.33 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on the company. Bank of America lowered their target price on Triton International from $41.00 to $38.00 and set a “buy” rating for the company in a research note on Wednesday, October 10th. Zacks Investment Research lowered Triton International from a “buy” rating to a “hold” rating in a research note on Friday, October 5th. ValuEngine lowered Triton International from a “sell” rating to a “strong sell” rating in a research note on Tuesday, October 2nd. Wells Fargo & Co lowered Triton International from an “outperform” rating to a “market perform” rating and set a $35.00 target price for the company. in a research note on Friday, September 28th. Finally, Keefe, Bruyette & Woods upgraded Triton International from a “market perform” rating to an “outperform” rating in a research report on Thursday, September 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $41.29.
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 freight, refrigerated, special, and tank containers; and chassis used for the transportation of containers, as well as manages containers owned by third parties.
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