Sheaff Brock Investment Advisors LLC decreased its holdings in Triton International Ltd (NYSE:TRTN) by 3.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,213 shares of the company’s stock after selling 431 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in Triton International were worth $433,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in TRTN. Dimensional Fund Advisors LP raised its position in Triton International by 6.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,542,235 shares of the company’s stock worth $172,195,000 after purchasing an additional 317,813 shares during the period. LSV Asset Management increased its position in shares of Triton International by 9.8% during the first quarter. LSV Asset Management now owns 1,399,803 shares of the company’s stock worth $43,533,000 after acquiring an additional 124,610 shares during the period. Norges Bank purchased a new position in shares of Triton International during the fourth quarter worth approximately $19,462,000. Geode Capital Management LLC increased its position in shares of Triton International by 8.1% during the fourth quarter. Geode Capital Management LLC now owns 603,201 shares of the company’s stock worth $18,741,000 after acquiring an additional 45,403 shares during the period. Finally, Clearbridge Investments LLC increased its position in shares of Triton International by 2.5% during the first quarter. Clearbridge Investments LLC now owns 537,757 shares of the company’s stock worth $16,724,000 after acquiring an additional 13,200 shares during the period. 61.92% of the stock is owned by hedge funds and other institutional investors.
In other Triton International news, VP Michelle Gallagher sold 2,360 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $32.29, for a total value of $76,204.40. Following the completion of the sale, the vice president now directly owns 12,644 shares in the company, valued at $408,274.76. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.60% of the stock is owned by company insiders.
Triton International (NYSE:TRTN) last released its quarterly earnings data on Thursday, July 25th. The company reported $1.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.05. The firm had revenue of $338.60 million for the quarter, compared to the consensus estimate of $345.61 million. Triton International had a net margin of 24.70% and a return on equity of 16.56%. The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period last year, the firm earned $1.10 earnings per share. Equities analysts predict that Triton International Ltd will post 4.67 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, September 5th will be paid a $0.52 dividend. The ex-dividend date of this dividend is Wednesday, September 4th. This represents a $2.08 annualized dividend and a yield of 6.83%. Triton International’s dividend payout ratio (DPR) is 46.02%.
A number of equities analysts have recently commented on TRTN shares. Zacks Investment Research lowered shares of Triton International from a “buy” rating to a “hold” rating in a research report on Tuesday, April 23rd. TheStreet raised shares of Triton International from a “d-” rating to a “c” rating in a research report on Friday, July 12th. Compass Point set a $38.00 target price on shares of Triton International and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, ValuEngine downgraded shares of Triton International from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 1st. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $35.25.
Triton International Profile
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, refrigerated, special, and tank containers; and chassis used for the transportation of intermodal containers, as well as provides container management services.
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