Systematic Financial Management LP bought a new position in Triton International Limited (NASDAQ:TRTN) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 54,315 shares of the company’s stock, valued at approximately $1,816,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its holdings in shares of Triton International Limited by 1.3% in the 1st quarter. Bank of New York Mellon Corp now owns 244,857 shares of the company’s stock worth $6,316,000 after acquiring an additional 3,096 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of Triton International Limited by 11.2% in the 2nd quarter. Rhumbline Advisers now owns 51,835 shares of the company’s stock worth $1,733,000 after acquiring an additional 5,212 shares during the last quarter. American International Group Inc. lifted its holdings in shares of Triton International Limited by 27.5% in the 1st quarter. American International Group Inc. now owns 24,303 shares of the company’s stock worth $627,000 after acquiring an additional 5,245 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Triton International Limited by 21.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 33,399 shares of the company’s stock worth $1,117,000 after acquiring an additional 5,862 shares during the last quarter. Finally, Peregrine Capital Management LLC lifted its holdings in shares of Triton International Limited by 2.0% in the 2nd quarter. Peregrine Capital Management LLC now owns 317,896 shares of the company’s stock worth $10,630,000 after acquiring an additional 6,365 shares during the last quarter.

In other Triton International Limited news, insider Kevin Valentine sold 2,000 shares of the business’s stock in a transaction dated Thursday, July 20th. The shares were sold at an average price of $35.00, for a total transaction of $70,000.00. Following the sale, the insider now directly owns 61,705 shares in the company, valued at $2,159,675. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

COPYRIGHT VIOLATION WARNING: “Systematic Financial Management LP Takes $1.82 Million Position in Triton International Limited (TRTN)” was reported by Daily Political and is the sole property of of Daily Political. If you are viewing this news story on another website, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this news story can be viewed at https://www.dailypolitical.com/2017/09/15/systematic-financial-management-lp-takes-1-82-million-position-in-triton-international-limited-trtn.html.

Triton International Limited (TRTN) opened at 31.64 on Friday. The stock has a market cap of $2.36 billion and a P/E ratio of 44.63. The firm’s 50-day moving average is $35.28 and its 200-day moving average is $30.58. Triton International Limited has a 52-week low of $11.50 and a 52-week high of $38.19.

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

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 1st will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $1.80 dividend on an annualized basis and a yield of 5.69%.

Several research analysts recently commented on the stock. 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 research note on Thursday, August 10th. BidaskClub downgraded shares of Triton International Limited from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. 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 research note on Thursday, August 10th. Zacks Investment Research raised shares of Triton International Limited from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research note on Thursday, July 27th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $35.00 price target on shares of Triton International Limited in a research note on Thursday, August 10th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Triton International Limited currently has a consensus rating of “Buy” and an average price target of $37.50.

Want to see what other hedge funds are holding TRTN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Triton International Limited (NASDAQ:TRTN).

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

Receive News & Ratings for Triton International Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Triton International Limited and related companies with MarketBeat.com's FREE daily email newsletter.