Triton International (TRTN) Shares Gap Down to $31.94

Shares of Triton International Ltd (NYSE:TRTN) gapped down prior to trading on Friday . The stock had previously closed at $32.88, but opened at $31.94. Triton International shares last traded at $30.72, with a volume of 3424397 shares changing hands.

Several analysts have commented on the company. Zacks Investment Research raised Triton International from a “sell” rating to a “hold” rating in a report on Wednesday, February 13th. ValuEngine lowered Triton International from a “hold” rating to a “sell” rating in a report on Friday. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $35.75.

The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 3.24. The firm has a market cap of $2.52 billion, a P/E ratio of 6.80, a P/E/G ratio of 0.70 and a beta of 2.37.

Triton International (NYSE:TRTN) last issued its quarterly earnings data on Thursday, February 14th. The company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.14 by $0.11. Triton International had a return on equity of 15.60% and a net margin of 25.89%. The company had revenue of $355.40 million for the quarter, compared to analyst estimates of $359.00 million. During the same period last year, the company earned $0.85 earnings per share. Triton International’s quarterly revenue was up 13.2% compared to the same quarter last year. On average, research analysts anticipate that Triton International Ltd will post 4.65 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Tuesday, March 12th will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 6.77%. The ex-dividend date of this dividend is Monday, March 11th. Triton International’s payout ratio is currently 46.02%.

Institutional investors and hedge funds have recently modified their holdings of the business. Meeder Asset Management Inc. boosted its stake in shares of 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 acquiring an additional 426 shares during the last quarter. IMS Capital Management acquired a new stake in shares of Triton International in the third quarter worth approximately $44,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of Triton International in the fourth quarter worth approximately $76,000. Bank of Montreal Can boosted its stake in shares of 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 acquiring an additional 414 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in shares of 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 acquiring an additional 358 shares during the last quarter. 64.05% of the stock is currently owned by institutional investors.

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Triton International Company Profile (NYSE:TRTN)

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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