Triton International Ltd (NYSE:TRTN) Shares Sold by Wedbush Securities Inc.

Wedbush Securities Inc. reduced its position in Triton International Ltd (NYSE:TRTN) by 5.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,339 shares of the company’s stock after selling 2,118 shares during the quarter. Wedbush Securities Inc.’s holdings in Triton International were worth $1,161,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its position in shares of Triton International by 14.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 12,115 shares of the company’s stock valued at $403,000 after buying an additional 1,493 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Triton International by 4.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 288,441 shares of the company’s stock valued at $9,596,000 after buying an additional 12,910 shares in the last quarter. BlackRock Inc. lifted its holdings in Triton International by 2.9% in the 3rd quarter. BlackRock Inc. now owns 3,468,727 shares of the company’s stock valued at $115,405,000 after purchasing an additional 96,632 shares in the last quarter. LPL Financial LLC lifted its holdings in Triton International by 10.5% in the 3rd quarter. LPL Financial LLC now owns 51,792 shares of the company’s stock valued at $1,723,000 after purchasing an additional 4,906 shares in the last quarter. Finally, Macquarie Group Ltd. purchased a new position in Triton International in the 3rd quarter valued at $1,174,000. 66.28% of the stock is owned by institutional investors.

A number of brokerages have weighed in on TRTN. ValuEngine upgraded Triton International from a “sell” rating to a “hold” rating in a report on Wednesday, January 30th. Bank of America lowered Triton International from a “buy” rating to an “underperform” rating and decreased their price objective for the company from $35.00 to $32.00 in a report on Monday, February 4th. Finally, Zacks Investment Research upgraded Triton International from a “sell” rating to a “hold” rating in a report on Wednesday, February 13th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $36.25.

In related news, Director Pincus (Ganymede-Ii) P. Warburg sold 7,132,790 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $31.10, for a total transaction of $221,829,769.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Claude Germain acquired 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The shares were acquired at an average cost of $26.68 per share, with a total value of $53,360.00. Following the completion of the transaction, the director now directly owns 2,000 shares in the company, valued at approximately $53,360. The disclosure for this purchase can be found here. 1.60% of the stock is owned by company insiders.

Shares of TRTN traded up $0.37 during midday trading on Friday, reaching $31.67. The company had a trading volume of 337,903 shares, compared to its average volume of 364,867. Triton International Ltd has a 1-year low of $28.20 and a 1-year high of $39.56. The company has a market capitalization of $2.37 billion, a PE ratio of 7.01, a price-to-earnings-growth ratio of 0.67 and a beta of 2.34. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 3.34.

Triton International (NYSE:TRTN) last issued its earnings results on Tuesday, April 30th. The company reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.13. Triton International had a return on equity of 16.27% and a net margin of 26.23%. The business had revenue of $340.90 million during the quarter, compared to the consensus estimate of $350.36 million. During the same period last year, the company earned $0.99 EPS. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. As a group, equities analysts anticipate that Triton International Ltd will post 4.67 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, June 6th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 6.57%. The ex-dividend date is Wednesday, June 5th. Triton International’s dividend payout ratio (DPR) is presently 46.02%.

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

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