Triton International Ltd (NYSE:TRTN) Short Interest Down 12.0% in January

Triton International Ltd (NYSE:TRTN) was the target of a large drop in short interest during the month of January. As of January 31st, there was short interest totalling 1,470,000 shares, a drop of 12.0% from the January 15th total of 1,670,000 shares. Currently, 2.8% of the company’s shares are short sold. Based on an average daily volume of 258,000 shares, the short-interest ratio is presently 5.7 days.

TRTN has been the subject of several analyst reports. TheStreet raised Triton International from a “c” rating to a “b-” rating in a research report on Thursday, October 24th. Compass Point lowered Triton International from a “buy” rating to a “neutral” rating and set a $38.00 target price for the company. in a research report on Friday, October 25th. Zacks Investment Research lowered Triton International from a “hold” rating to a “sell” rating and set a $39.00 target price for the company. in a research report on Monday, October 28th. ValuEngine lowered Triton International from a “hold” rating to a “sell” rating in a research report on Tuesday, February 4th. Finally, Cowen lowered their target price on Triton International from $47.00 to $46.00 and set an “outperform” rating for the company in a research report on Monday, October 28th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $41.25.

Shares of TRTN stock traded up $0.67 during mid-day trading on Friday, hitting $39.43. The company’s stock had a trading volume of 362,600 shares, compared to its average volume of 225,221. The company’s fifty day simple moving average is $38.97 and its 200-day simple moving average is $36.05. Triton International has a 52 week low of $29.50 and a 52 week high of $40.81. The company has a debt-to-equity ratio of 3.36, a quick ratio of 1.64 and a current ratio of 1.64. The company has a market cap of $2.72 billion, a PE ratio of 9.11, a P/E/G ratio of 0.81 and a beta of 2.30.

Several hedge funds have recently bought and sold shares of TRTN. Vestar Capital Partners LLC bought a new position in shares of Triton International in the 4th quarter worth about $430,233,000. Millennium Management LLC raised its position in shares of Triton International by 2,471.1% in the 3rd quarter. Millennium Management LLC now owns 189,690 shares of the company’s stock worth $6,419,000 after acquiring an additional 197,690 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Triton International by 40.6% in the 4th quarter. Victory Capital Management Inc. now owns 328,952 shares of the company’s stock worth $12,352,000 after acquiring an additional 95,007 shares in the last quarter. First Trust Advisors LP raised its position in shares of Triton International by 80.9% in the 4th quarter. First Trust Advisors LP now owns 200,913 shares of the company’s stock worth $8,077,000 after acquiring an additional 89,843 shares in the last quarter. Finally, Knights of Columbus Asset Advisors LLC bought a new position in shares of Triton International in the 4th quarter worth about $3,278,000. 61.44% of the stock is owned by hedge funds and other institutional investors.

Triton International Company 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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