Sippican Capital Advisors grew its stake in shares of Triton International Ltd (NYSE:TRTN) by 41.4% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,558 shares of the company’s stock after acquiring an additional 6,902 shares during the period. Sippican Capital Advisors’ holdings in Triton International were worth $733,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the company. PNC Financial Services Group Inc. boosted its holdings in Triton International by 8.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,468 shares of the company’s stock worth $140,000 after purchasing an additional 358 shares in the last quarter. Bank of Montreal Can boosted its holdings in Triton International by 15.0% in the fourth quarter. Bank of Montreal Can now owns 3,174 shares of the company’s stock worth $99,000 after purchasing an additional 414 shares in the last quarter. Meeder Asset Management Inc. boosted its holdings in Triton International by 114.8% in the fourth quarter. Meeder Asset Management Inc. now owns 797 shares of the company’s stock worth $25,000 after purchasing an additional 426 shares in the last quarter. MML Investors Services LLC boosted its holdings in Triton International by 7.4% during the fourth quarter. MML Investors Services LLC now owns 7,085 shares of the company’s stock valued at $220,000 after acquiring an additional 487 shares during the period. Finally, Quad Cities Investment Group LLC boosted its holdings in Triton International by 8.6% during the first quarter. Quad Cities Investment Group LLC now owns 13,210 shares of the company’s stock valued at $409,000 after acquiring an additional 1,050 shares during the period. Institutional investors and hedge funds own 65.53% of the company’s stock.
In other news, Director Pincus (Ganymede-Ii) P. Warburg sold 7,132,790 shares of the company’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $31.10, for a total transaction of $221,829,769.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.60% of the stock is currently owned by corporate insiders.
Triton International (NYSE:TRTN) last announced its quarterly earnings data on Thursday, February 14th. The company reported $1.25 EPS for the quarter, beating the Zacks’ consensus estimate of $1.14 by $0.11. The business had revenue of $355.40 million during the quarter, compared to analyst estimates of $359.00 million. Triton International had a net margin of 25.89% and a return on equity of 15.60%. The firm’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.85 earnings per share. As a group, equities analysts forecast that Triton International Ltd will post 4.65 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Tuesday, March 12th were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 6.33%. The ex-dividend date was Monday, March 11th. Triton International’s dividend payout ratio is currently 46.02%.
TRTN has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Triton International from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a report on Wednesday, December 19th. ValuEngine upgraded shares of Triton International from a “strong sell” rating to a “sell” rating in a report on Wednesday, December 26th. Finally, Bank of America cut shares of Triton International from a “buy” rating to an “underperform” rating and decreased their price target for the company from $35.00 to $32.00 in a report on Monday, February 4th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $36.25.
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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