Cowen and Company restated their outperform rating on shares of Triton International Limited (NASDAQ:TRTN) in a research report report published on Monday morning. The firm currently has a $40.00 target price on the stock.

TRTN has been the topic of a number of other research reports. Zacks Investment Research downgraded shares of Triton International Limited from a strong-buy rating to a hold rating in a research report on Tuesday, April 18th. Keefe, Bruyette & Woods reaffirmed a hold rating and issued a $28.00 price objective on shares of Triton International Limited in a research report on Friday, May 12th. SunTrust Banks, Inc. lifted their price objective on shares of Triton International Limited from $26.00 to $28.00 and gave the stock a positive rating in a research report on Wednesday, March 15th. Finally, Bank of America Corporation reaffirmed a buy rating and issued a $36.00 price objective (up previously from $32.00) on shares of Triton International Limited in a research report on Monday, May 15th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of Buy and an average target price of $33.17.

Analyst Recommendations for Triton International Limited (NASDAQ:TRTN)

Shares of Triton International Limited (NASDAQ TRTN) traded down 0.47% on Monday, hitting $33.85. 164,739 shares of the stock traded hands. Triton International Limited has a 52-week low of $11.50 and a 52-week high of $34.49. The stock’s 50 day moving average price is $29.41 and its 200 day moving average price is $24.79.

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The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 22nd. Stockholders of record on Thursday, June 1st will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.29%. The ex-dividend date is Tuesday, May 30th.

In related news, Director Robert W. Alspaugh sold 5,525 shares of Triton International Limited stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $29.91, for a total value of $165,252.75. Following the completion of the sale, the director now directly owns 28,487 shares in the company, valued at approximately $852,046.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO John Burns sold 26,300 shares of Triton International Limited stock in a transaction that occurred on Monday, April 24th. The stock was sold at an average price of $30.02, for a total transaction of $789,526.00. Following the completion of the sale, the chief financial officer now owns 121,126 shares of the company’s stock, valued at $3,636,202.52. The disclosure for this sale can be found here. In the last ninety days, insiders sold 69,825 shares of company stock worth $2,090,959.

A number of hedge funds have recently added to or reduced their stakes in the company. Driehaus Capital Management LLC bought a new stake in Triton International Limited during the first quarter worth approximately $1,049,000. Tudor Investment Corp ET AL bought a new stake in Triton International Limited during the first quarter worth approximately $329,000. Geode Capital Management LLC boosted its stake in Triton International Limited by 7.6% in the first quarter. Geode Capital Management LLC now owns 266,692 shares of the company’s stock worth $6,877,000 after buying an additional 18,778 shares during the period. Foresters Investment Management Company Inc. boosted its stake in Triton International Limited by 11.4% in the first quarter. Foresters Investment Management Company Inc. now owns 1,290,800 shares of the company’s stock worth $33,290,000 after buying an additional 131,900 shares during the period. Finally, Teachers Advisors LLC boosted its stake in Triton International Limited by 391.6% in the first quarter. Teachers Advisors LLC now owns 478,942 shares of the company’s stock worth $12,352,000 after buying an additional 381,523 shares during the period.

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