Kempen Capital Management N.V. Invests $12.40 Million in Triton International Limited (TRTN) Stock
Kempen Capital Management N.V. acquired a new stake in Triton International Limited (NASDAQ:TRTN) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 370,939 shares of the company’s stock, valued at approximately $12,404,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Peregrine Capital Management LLC increased its holdings in Triton International Limited by 2.0% in the second quarter. Peregrine Capital Management LLC now owns 317,896 shares of the company’s stock valued at $10,630,000 after purchasing an additional 6,365 shares during the period. Tudor Investment Corp ET AL acquired a new stake in Triton International Limited in the first quarter valued at $329,000. Systematic Financial Management LP acquired a new stake in Triton International Limited in the second quarter valued at $1,816,000. Teachers Advisors LLC increased its holdings in Triton International Limited by 391.6% in the first quarter. Teachers Advisors LLC now owns 478,942 shares of the company’s stock valued at $12,352,000 after purchasing an additional 381,523 shares during the period. Finally, Marshall Wace North America L.P. acquired a new stake in Triton International Limited in the second quarter valued at $874,000.
Shares of Triton International Limited (NASDAQ TRTN) traded up 1.11% during mid-day trading on Friday, reaching $32.01. 1,368,256 shares of the company’s stock were exchanged. Triton International Limited has a one year low of $11.50 and a one year high of $38.19. The stock has a market cap of $2.39 billion and a PE ratio of 45.15. The company has a 50 day moving average price of $35.16 and a 200-day moving average price of $30.62.
Triton International Limited (NASDAQ:TRTN) last released its quarterly earnings data on Tuesday, August 8th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.04. The firm had revenue of $281.90 million during the quarter, compared to analysts’ expectations of $281.09 million. During the same quarter in the previous year, the firm posted $0.88 EPS. Triton International Limited’s revenue was up 78.1% compared to the same quarter last year. On average, analysts predict that Triton International Limited will post $2.57 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 1st will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.62%. The ex-dividend date of this dividend is Wednesday, August 30th.
A number of analysts have commented on TRTN shares. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $35.00 price target on shares of Triton International Limited in a research report on Thursday, August 10th. Cowen and Company reaffirmed an “outperform” rating and set a $40.00 price target on shares of Triton International Limited in a research report on Monday, June 19th. Zacks Investment Research cut shares of Triton International Limited from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 13th. BidaskClub cut shares of Triton International Limited from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 12th. Finally, SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $40.00 price target (up previously from $35.00) on shares of Triton International Limited in a research report on Thursday, August 10th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $37.50.
In other Triton International Limited news, VP Michelle Gallagher sold 2,000 shares of the business’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $34.68, for a total value of $69,360.00. Following the transaction, the vice president now owns 25,158 shares in the company, valued at $872,479.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
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