Triton International Ltd (NYSE:TRTN)’s share price gapped down before the market opened 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 traded.
A number of equities research analysts recently weighed in on the company. Bank of America downgraded Triton International from a “buy” rating to an “underperform” rating and dropped their price objective for the company from $35.00 to $32.00 in a research report on Monday, February 4th. Zacks Investment Research downgraded Triton International from a “buy” rating to a “hold” rating and set a $34.00 price objective on the stock. in a research report on Monday, December 31st. Finally, ValuEngine raised Triton International from a “sell” rating to a “hold” rating in a research report on Wednesday, January 30th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. Triton International currently has a consensus rating of “Hold” and an average price target of $35.75.
The stock has a market cap of $2.52 billion, a price-to-earnings ratio of 6.80, a PEG ratio of 0.70 and a beta of 2.37. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 3.24.
Triton International (NYSE:TRTN) last released its quarterly earnings results on Thursday, February 14th. The company reported $1.25 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $359.00 million. During the same period last year, the business posted $0.85 earnings per share. The firm’s revenue was up 13.2% compared to the same quarter last year. On average, equities analysts predict that Triton International Ltd will post 4.65 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Tuesday, March 12th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 6.77%. The ex-dividend date is Monday, March 11th. Triton International’s dividend payout ratio (DPR) is presently 46.02%.
A number of institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its stake in Triton International by 6.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,542,235 shares of the company’s stock valued at $172,195,000 after buying an additional 317,813 shares during the last quarter. Vanguard Group Inc. raised its stake in Triton International by 0.8% in the third quarter. Vanguard Group Inc. now owns 5,151,453 shares of the company’s stock valued at $171,389,000 after buying an additional 40,927 shares during the last quarter. Vanguard Group Inc raised its stake in Triton International by 0.8% in the third quarter. Vanguard Group Inc now owns 5,151,453 shares of the company’s stock valued at $171,389,000 after buying an additional 40,927 shares during the last quarter. BlackRock Inc. raised its stake in Triton International by 1.7% in the fourth quarter. BlackRock Inc. now owns 3,528,949 shares of the company’s stock valued at $109,644,000 after buying an additional 60,222 shares during the last quarter. Finally, LSV Asset Management raised its stake in Triton International by 111.3% in the fourth quarter. LSV Asset Management now owns 1,275,193 shares of the company’s stock valued at $39,620,000 after buying an additional 671,770 shares during the last quarter. Institutional investors own 64.05% of the company’s stock.
About Triton International (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.