Calamos Advisors LLC acquired a new stake in shares of Triton International Ltd (NYSE:TRTN) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 12,000 shares of the company’s stock, valued at approximately $373,000.
A number of other hedge funds and other institutional investors have also modified their holdings of TRTN. Meeder Asset Management Inc. grew its holdings in shares of Triton International by 114.8% in the 4th quarter. Meeder Asset Management Inc. now owns 797 shares of the company’s stock worth $25,000 after acquiring an additional 426 shares during the last quarter. IMS Capital Management acquired a new position in shares of Triton International in the 3rd quarter worth $44,000. Oppenheimer Asset Management Inc. acquired a new position in shares of Triton International in the 4th quarter worth $76,000. Bank of Montreal Can grew its holdings in shares of Triton International by 15.0% in the 4th quarter. Bank of Montreal Can now owns 3,174 shares of the company’s stock worth $99,000 after acquiring an additional 414 shares during the last quarter. Finally, Westside Investment Management Inc. grew its holdings in shares of Triton International by 183.3% in the 4th quarter. Westside Investment Management Inc. now owns 4,400 shares of the company’s stock worth $143,000 after acquiring an additional 2,847 shares during the last quarter. Hedge funds and other institutional investors own 66.28% of the company’s stock.
Shares of NYSE:TRTN traded down $0.10 on Thursday, reaching $31.30. The company had a trading volume of 311,654 shares, compared to its average volume of 506,536. Triton International Ltd has a twelve month low of $28.20 and a twelve month high of $39.56. The stock has a market capitalization of $2.39 billion, a P/E ratio of 6.92, a P/E/G ratio of 0.70 and a beta of 2.34. The company has a debt-to-equity ratio of 3.34, a current ratio of 1.89 and a quick ratio of 1.89.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, June 6th will be paid a $0.52 dividend. The ex-dividend date of this dividend is Wednesday, June 5th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 6.65%. Triton International’s payout ratio is presently 46.02%.
Several analysts have recently commented on the company. Zacks Investment Research raised Triton International from a “sell” rating to a “hold” rating in a research report on Wednesday, February 13th. ValuEngine raised Triton International from a “sell” rating to a “hold” rating in a research report on Wednesday, January 30th. Finally, Bank of America cut Triton International from a “buy” rating to an “underperform” rating and reduced their price objective for the company from $35.00 to $32.00 in a research report on Monday, February 4th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $36.25.
In other news, Director Claude Germain purchased 2,000 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were purchased at an average cost of $26.68 per share, for a total transaction of $53,360.00. Following the completion of the purchase, the director now directly owns 2,000 shares of the company’s stock, valued at approximately $53,360. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Pincus (Ganymede-Ii) P. Warburg sold 7,132,790 shares of the business’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $31.10, for a total value of $221,829,769.00. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.
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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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