Triton International (NYSE:TRTN) Coverage Initiated by Analysts at CJS Securities

CJS Securities initiated coverage on shares of Triton International (NYSE:TRTN) in a research report sent to investors on Wednesday, Briefing.com Automated Import reports. The firm issued a market perform rating and a $42.00 price objective on the stock.

Several other equities analysts also recently commented on TRTN. Compass Point set a $38.00 price objective on shares of Triton International and gave the company a buy rating in a report on Friday, July 26th. ValuEngine upgraded shares of Triton International from a strong sell rating to a sell rating in a report on Monday, August 26th. Finally, TheStreet upgraded shares of Triton International from a d- rating to a c rating in a report on Friday, July 12th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $36.60.

Shares of Triton International stock opened at $34.46 on Wednesday. Triton International has a twelve month low of $28.20 and a twelve month high of $38.23. The firm has a market cap of $2.58 billion, a P/E ratio of 7.62, a price-to-earnings-growth ratio of 0.74 and a beta of 2.30. The firm’s 50-day simple moving average is $32.22 and its 200-day simple moving average is $31.98. The company has a debt-to-equity ratio of 3.42, a quick ratio of 1.90 and a current ratio of 1.90.



Triton International (NYSE:TRTN) last released its quarterly earnings results on Thursday, July 25th. The company reported $1.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.05. Triton International had a net margin of 24.70% and a return on equity of 16.56%. The company had revenue of $338.60 million during the quarter, compared to analysts’ expectations of $345.61 million. During the same quarter in the prior year, the company earned $1.10 earnings per share. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, equities analysts forecast that Triton International will post 4.7 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, September 5th will be issued a $0.52 dividend. The ex-dividend date of this dividend is Wednesday, September 4th. This represents a $2.08 annualized dividend and a dividend yield of 6.04%. Triton International’s dividend payout ratio is currently 46.02%.

In other Triton International news, VP Michelle Gallagher sold 2,360 shares of the company’s stock in a transaction 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 transaction, the vice president now directly owns 12,644 shares in the company, valued at $408,274.76. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.60% of the stock is owned by insiders.

Several hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its stake in shares of Triton International by 9.9% in the second quarter. BlackRock Inc. now owns 3,860,078 shares of the company’s stock valued at $126,456,000 after acquiring an additional 348,177 shares in the last quarter. LSV Asset Management grew its stake in shares of Triton International by 9.9% in the second quarter. LSV Asset Management now owns 1,538,203 shares of the company’s stock valued at $50,391,000 after acquiring an additional 138,400 shares in the last quarter. Northern Trust Corp grew its stake in shares of Triton International by 19.4% in the second quarter. Northern Trust Corp now owns 772,467 shares of the company’s stock valued at $25,305,000 after acquiring an additional 125,773 shares in the last quarter. Kempen Capital Management N.V. grew its stake in shares of Triton International by 3.8% in the second quarter. Kempen Capital Management N.V. now owns 606,160 shares of the company’s stock valued at $19,858,000 after acquiring an additional 22,230 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Triton International by 8.1% in the fourth quarter. Geode Capital Management LLC now owns 603,201 shares of the company’s stock valued at $18,741,000 after acquiring an additional 45,403 shares in the last quarter. Institutional investors and hedge funds own 59.16% of the company’s stock.

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, 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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