McIlrath & Eck LLC Boosts Stock Position in Triton International Ltd (NYSE:TRTN)

McIlrath & Eck LLC boosted its holdings in shares of Triton International Ltd (NYSE:TRTN) by 111.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 760 shares of the company’s stock after purchasing an additional 400 shares during the quarter. McIlrath & Eck LLC’s holdings in Triton International were worth $26,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of TRTN. Parametric Portfolio Associates LLC grew its position in shares of Triton International by 15.6% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 77,066 shares of the company’s stock worth $2,525,000 after acquiring an additional 10,385 shares in the last quarter. OneAscent Financial Services LLC acquired a new position in shares of Triton International in the 2nd quarter worth approximately $208,000. Barrow Hanley Mewhinney & Strauss LLC grew its position in shares of Triton International by 534.9% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 154,881 shares of the company’s stock worth $5,074,000 after acquiring an additional 130,487 shares in the last quarter. Prudential Financial Inc. grew its position in shares of Triton International by 3.8% in the 2nd quarter. Prudential Financial Inc. now owns 342,661 shares of the company’s stock worth $11,226,000 after acquiring an additional 12,670 shares in the last quarter. Finally, Barnett & Company Inc. grew its position in shares of Triton International by 19.9% in the 2nd quarter. Barnett & Company Inc. now owns 115,676 shares of the company’s stock worth $3,790,000 after acquiring an additional 19,200 shares in the last quarter. Institutional investors own 60.73% of the company’s stock.

NYSE:TRTN traded down $0.08 during midday trading on Friday, reaching $37.72. 128,027 shares of the company traded hands, compared to its average volume of 425,205. Triton International Ltd has a twelve month low of $28.55 and a twelve month high of $38.46. The firm has a market capitalization of $2.70 billion, a price-to-earnings ratio of 8.35, a price-to-earnings-growth ratio of 0.81 and a beta of 2.30. The company has a debt-to-equity ratio of 3.36, a current ratio of 1.64 and a quick ratio of 1.64. The company has a fifty day moving average price of $35.19 and a 200 day moving average price of $32.79.

Triton International (NYSE:TRTN) last released its quarterly earnings data on Thursday, October 24th. The company reported $1.16 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.16. Triton International had a return on equity of 16.69% and a net margin of 24.34%. The business had revenue of $336.70 million during the quarter, compared to analyst estimates of $337.74 million. During the same quarter in the previous year, the firm posted $1.17 EPS. The business’s revenue for the quarter was down 3.8% compared to the same quarter last year. On average, equities research analysts forecast that Triton International Ltd will post 4.6 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Tuesday, December 3rd will be given a dividend of $0.52 per share. The ex-dividend date is Monday, December 2nd. This represents a $2.08 dividend on an annualized basis and a yield of 5.51%. Triton International’s dividend payout ratio is currently 46.02%.

In other Triton International news, SVP Kevin Valentine sold 4,000 shares of the business’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $37.50, for a total transaction of $150,000.00. Following the completion of the transaction, the senior vice president now owns 65,888 shares in the company, valued at approximately $2,470,800. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Michelle Gallagher sold 6,500 shares of the business’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $34.11, for a total value of $221,715.00. Following the transaction, the vice president now owns 6,240 shares of the company’s stock, valued at approximately $212,846.40. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.

TRTN has been the subject of several research reports. 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. TheStreet upgraded Triton International from a “c” rating to a “b-” rating in a research report on Thursday, October 24th. ValuEngine upgraded Triton International from a “strong sell” rating to a “sell” rating in a research report on Friday, November 1st. Zacks Investment Research lowered Triton International from a “hold” rating to a “sell” rating and set a $39.00 price objective for the company. in a research report on Monday, October 28th. Finally, Cowen reduced their price objective 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. Three analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $39.40.

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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Institutional Ownership by Quarter for Triton International (NYSE:TRTN)

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