Deutsche Bank AG increased its holdings in Triton International Ltd (NYSE:TRTN) by 11.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,733 shares of the company’s stock after purchasing an additional 3,754 shares during the period. Deutsche Bank AG owned 0.05% of Triton International worth $924,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of TRTN. Point72 Hong Kong Ltd bought a new position in shares of Triton International during the 4th quarter worth $30,000. Benjamin F. Edwards & Company Inc. grew its holdings in Triton International by 102.6% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,621 shares of the company’s stock worth $42,000 after acquiring an additional 821 shares during the period. Westside Investment Management Inc. acquired a new stake in Triton International in the first quarter valued at approximately $779,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Triton International by 38.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,563 shares of the company’s stock valued at $118,000 after purchasing an additional 1,273 shares during the period. Finally, Sunbelt Securities Inc. purchased a new position in shares of Triton International in the fourth quarter valued at approximately $46,029,000. 63.40% of the stock is currently owned by institutional investors and hedge funds.
In other news, major shareholder Global Ltd Bharti sold 46,228 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $31.48, for a total transaction of $1,455,257.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last quarter, insiders have sold 458,367 shares of company stock worth $14,762,689. Corporate insiders own 1.70% of the company’s stock.
Triton International (NYSE:TRTN) last announced its earnings results on Friday, April 24th. The company reported $0.93 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.03 by ($0.10). The firm had revenue of $321.50 million for the quarter, compared to the consensus estimate of $327.04 million. Triton International had a return on equity of 16.00% and a net margin of 25.06%. Triton International’s revenue for the quarter was down 5.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.19 EPS. As a group, equities research analysts expect that Triton International Ltd will post 3.85 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Thursday, June 11th were given a $0.52 dividend. The ex-dividend date was Wednesday, June 10th. This represents a $2.08 annualized dividend and a yield of 6.93%. Triton International’s dividend payout ratio (DPR) is 45.51%.
Separately, ValuEngine downgraded Triton International from a “sell” rating to a “strong sell” rating in a research report on Friday, May 1st. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $41.25.
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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