Wedbush Securities Inc. lowered its position in shares of Triton International Limited (NASDAQ:TRTN) by 4.2% during the second quarter, according to its most recent filing with the SEC. The firm owned 73,173 shares of the company’s stock after selling 3,175 shares during the period. Wedbush Securities Inc.’s holdings in Triton International Limited were worth $2,447,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of TRTN. Russell Investments Group Ltd. acquired a new stake in shares of Triton International Limited during the fourth quarter worth about $172,000. Karp Capital Management Corp acquired a new stake in shares of Triton International Limited during the first quarter worth about $221,000. Pillar Pacific Capital Management LLC acquired a new stake in shares of Triton International Limited during the second quarter worth about $301,000. Tudor Investment Corp ET AL acquired a new stake in shares of Triton International Limited during the first quarter worth about $329,000. Finally, Nisa Investment Advisors LLC acquired a new stake in shares of Triton International Limited during the first quarter worth about $366,000.

Triton International Limited (TRTN) opened at 33.92 on Friday. Triton International Limited has a 12-month low of $11.50 and a 12-month high of $37.82. The stock has a 50 day moving average of $34.55 and a 200 day moving average of $28.93.

Triton International Limited (NASDAQ:TRTN) last posted its earnings results on Tuesday, August 8th. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.04. The business had revenue of $281.90 million during the quarter, compared to the consensus estimate of $281.09 million. During the same quarter last year, the firm earned $0.88 earnings per share. The business’s quarterly revenue was up 78.1% on a year-over-year basis. Analysts predict that Triton International Limited will post $2.57 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 1st will be issued a $0.45 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.31%.

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TRTN has been the topic of a number of analyst reports. Zacks Investment Research raised shares of Triton International Limited from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Thursday, July 27th. Bank of America Corporation reaffirmed a “buy” rating and issued a $36.00 price target (up previously from $32.00) on shares of Triton International Limited in a report on Monday, May 15th. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $40.00 price target (up previously from $35.00) on shares of Triton International Limited in a report on Thursday. Cowen and Company reaffirmed a “buy” rating and issued a $44.00 price target (up previously from $40.00) on shares of Triton International Limited in a report on Thursday. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $35.00 price target on shares of Triton International Limited in a report on Thursday. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $37.50.

In other news, Director Robert W. Alspaugh sold 5,525 shares of the business’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $29.91, for a total value of $165,252.75. Following 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 legal filing with the SEC, which is accessible through this link. Also, insider Kevin Valentine sold 2,000 shares of the business’s stock in a transaction dated Thursday, July 20th. The stock was sold at an average price of $35.00, for a total transaction of $70,000.00. Following the completion of the sale, the insider now owns 61,705 shares in the company, valued at $2,159,675. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,525 shares of company stock worth $470,233.

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Institutional Ownership by Quarter for Triton International Limited (NASDAQ:TRTN)

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