Triton International Limited (TRTN) Raised to “Hold” at Zacks Investment Research
Triton International Limited (NASDAQ:TRTN) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued on Wednesday.
According to Zacks, “Triton International Limited offers acquisition, leasing, re-leasing, and sale of intermodal containers. The company’s leasing equipment consists of Dry Freight Containers, Refrigerated Containers, Special Containers, Tank Containers and Chassis. Triton International Limited, formerly known as TAL International Group, Inc., is based in Hamilton, Bermuda. “
A number of other analysts have also recently weighed in on the stock. Bank of America Corp. raised shares of Triton International Limited from an “underperform” rating to a “buy” rating in a report on Monday, November 14th. Cowen and Company raised their price objective on shares of Triton International Limited from $15.00 to $17.00 and gave the stock a “market perform” rating in a report on Friday, November 11th.
Shares of Triton International Limited (NASDAQ:TRTN) opened at 19.49 on Wednesday. The company’s 50-day moving average is $14.60 and its 200-day moving average is $14.63. Triton International Limited has a one year low of $8.15 and a one year high of $21.34.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 22nd. Shareholders of record on Friday, December 2nd will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Wednesday, November 30th. This represents a $1.80 dividend on an annualized basis and a yield of 9.03%.
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In other Triton International Limited news, Director Kenneth Hanau bought 10,000 shares of the business’s stock in a transaction dated Wednesday, November 16th. The shares were acquired at an average cost of $17.24 per share, with a total value of $172,400.00. Following the acquisition, the director now directly owns 29,225 shares of the company’s stock, valued at approximately $503,839. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Malcolm Baker bought 3,000 shares of the business’s stock in a transaction dated Tuesday, November 22nd. The stock was acquired at an average cost of $21.23 per share, for a total transaction of $63,690.00. Following the completion of the acquisition, the director now directly owns 38,025 shares in the company, valued at $807,270.75. The disclosure for this purchase can be found here.
Several institutional investors have recently made changes to their positions in TRTN. Public Employees Retirement Association of Colorado acquired a new position in shares of Triton International Limited during the third quarter worth approximately $129,000. Airain ltd acquired a new position in shares of Triton International Limited during the third quarter worth approximately $134,000. Aperio Group LLC acquired a new position in shares of Triton International Limited during the third quarter worth approximately $137,000. Strs Ohio acquired a new position in shares of Triton International Limited during the third quarter worth approximately $167,000. Finally, UBS Asset Management Americas Inc. acquired a new position in shares of Triton International Limited during the third quarter worth approximately $186,000.
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