Triton International Limited (TRTN) Holdings Lifted by Dupont Capital Management Corp
Dupont Capital Management Corp raised its position in Triton International Limited (NYSE:TRTN) by 81.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 18,581 shares of the company’s stock after purchasing an additional 8,361 shares during the period. Dupont Capital Management Corp’s holdings in Triton International were worth $696,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new position in Triton International in the third quarter valued at $214,000. SG Americas Securities LLC purchased a new position in Triton International in the third quarter valued at $289,000. Eqis Capital Management Inc. acquired a new stake in shares of Triton International in the fourth quarter valued at about $380,000. Quotient Investors LLC acquired a new stake in shares of Triton International in the third quarter valued at about $445,000. Finally, UBS Asset Management Americas Inc. grew its position in shares of Triton International by 60.5% in the second quarter. UBS Asset Management Americas Inc. now owns 16,690 shares of the company’s stock valued at $558,000 after purchasing an additional 6,291 shares during the period. 63.73% of the stock is owned by institutional investors.
TRTN has been the topic of several research analyst reports. BidaskClub upgraded shares of Triton International from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 7th. Wells Fargo & Co lifted their target price on shares of Triton International from $39.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday, October 20th. ValuEngine lowered shares of Triton International from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Zacks Investment Research upgraded shares of Triton International from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research report on Tuesday, November 14th. Finally, Cowen lifted their target price on shares of Triton International from $46.00 to $50.00 and gave the company an “outperform” rating in a research report on Friday, November 10th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $44.00.
Shares of Triton International Limited (NYSE:TRTN) opened at $31.29 on Friday. Triton International Limited has a 52-week low of $21.77 and a 52-week high of $43.85. The stock has a market cap of $2,510.00 and a PE ratio of 66.57. The company has a debt-to-equity ratio of 3.34, a current ratio of 1.33 and a quick ratio of 1.33.
Triton International (NYSE:TRTN) last announced its earnings results on Wednesday, November 8th. The company reported $0.81 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.07. Triton International had a net margin of 14.44% and a return on equity of 8.50%. The business had revenue of $302.10 million for the quarter, compared to analyst estimates of $301.71 million. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. sell-side analysts forecast that Triton International Limited will post 2.75 EPS for the current year.
Triton International Company Profile
Triton International Limited engages in the acquisition, leasing, re-leasing, and sale of various intermodal containers and chassis to shipping lines, and freight forwarding companies and manufacturers. It operates in two segments, Equipment Leasing and Equipment Trading. The company primarily leases dry freight containers, refrigerated containers, special containers, tank containers, and chassis, as well as manages containers owned by third parties.
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