Triton International Limited (NASDAQ:TRTN) had its target price upped by Cowen and Company from $46.00 to $50.00 in a research note issued to investors on Friday, MarketBeat.com reports. Cowen and Company currently has an outperform rating on the stock.

Several other equities analysts have also recently issued reports on TRTN. Zacks Investment Research cut shares of Triton International Limited from a strong-buy rating to a hold rating in a research note on Thursday, July 13th. Keefe, Bruyette & Woods reaffirmed a hold rating and issued a $35.00 price objective on shares of Triton International Limited in a research note on Thursday, August 10th. SunTrust Banks, Inc. reaffirmed a buy rating and issued a $40.00 price objective (up previously from $35.00) on shares of Triton International Limited in a research note on Thursday, August 10th. BidaskClub cut shares of Triton International Limited from a strong-buy rating to a buy rating in a research note on Tuesday, September 12th. Finally, Wells Fargo & Company lifted their price objective on shares of Triton International Limited from $39.00 to $42.00 and gave the stock an outperform rating in a research note on Friday, October 20th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Triton International Limited has an average rating of Buy and a consensus price target of $42.17.

Triton International Limited (NASDAQ:TRTN) traded down $1.09 during trading on Friday, reaching $41.54. 412,888 shares of the company’s stock traded hands, compared to its average volume of 460,015. Triton International Limited has a 52-week low of $13.50 and a 52-week high of $43.85.

Triton International Limited (NASDAQ:TRTN) last released its earnings results on Wednesday, November 8th. The company reported $0.81 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.07. The company had revenue of $302.10 million for the quarter, compared to analyst estimates of $301.71 million. Triton International Limited’s revenue for the quarter was up 7.2% on a year-over-year basis.

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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 1st will be paid a $0.45 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.80 annualized dividend and a dividend yield of 4.33%.

In other news, VP Michelle Gallagher sold 1,000 shares of Triton International Limited stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $40.00, for a total value of $40,000.00. Following the transaction, the vice president now owns 23,158 shares of the company’s stock, valued at approximately $926,320. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Institutional investors have recently added to or reduced their stakes in the company. Marshall Wace North America L.P. purchased a new position in shares of Triton International Limited in the second quarter worth approximately $874,000. Rhumbline Advisers increased its position in shares of Triton International Limited by 11.2% in the second quarter. Rhumbline Advisers now owns 51,835 shares of the company’s stock worth $1,733,000 after acquiring an additional 5,212 shares in the last quarter. Argent Capital Management LLC purchased a new position in shares of Triton International Limited in the second quarter worth approximately $2,577,000. Kempen Capital Management N.V. purchased a new position in shares of Triton International Limited in the second quarter worth approximately $12,404,000. Finally, Systematic Financial Management LP purchased a new position in shares of Triton International Limited in the second quarter worth approximately $1,816,000.

Analyst Recommendations for Triton International Limited (NASDAQ:TRTN)

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