Triton International Limited (NYSE:TRTN) shares dropped 2.3% during mid-day trading on Thursday . The stock traded as low as $30.86 and last traded at $31.80. Approximately 365,036 shares were traded during mid-day trading, a decline of 30% from the average daily volume of 521,718 shares. The stock had previously closed at $31.07.

TRTN has been the topic of several recent research reports. BidaskClub lowered shares of Triton International from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 31st. Zacks Investment Research upgraded shares of Triton International from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research report on Tuesday, November 14th. SunTrust Banks increased their price target on shares of Triton International from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, November 13th. They noted that the move was a valuation call. ValuEngine downgraded shares of Triton International from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Cowen increased their price target 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 research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $44.00.

The stock has a market capitalization of $2,520.00 and a PE ratio of 65.91. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 3.34.

Triton International (NYSE:TRTN) last announced its quarterly earnings results on Wednesday, November 8th. The company reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.07. The business had revenue of $302.10 million for the quarter, compared to the consensus estimate of $301.71 million. Triton International had a net margin of 14.44% and a return on equity of 8.50%. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. equities research analysts forecast that Triton International Limited will post 2.75 earnings per share for the current fiscal year.

In other Triton International news, Director Claude Germain sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $38.18, for a total transaction of $57,270.00. Following the sale, the director now directly owns 30,080 shares in the company, valued at approximately $1,148,454.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kenneth Hanau sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $40.31, for a total transaction of $403,100.00. Following the sale, the director now owns 31,580 shares in the company, valued at $1,272,989.80. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. Huntington National Bank acquired a new stake in Triton International during the 4th quarter worth approximately $146,000. Quantbot Technologies LP acquired a new stake in Triton International during the 3rd quarter worth approximately $214,000. Advisory Research Inc. acquired a new stake in Triton International during the 4th quarter worth approximately $249,000. SG Americas Securities LLC acquired a new stake in Triton International during the 3rd quarter worth approximately $289,000. Finally, Eqis Capital Management Inc. acquired a new stake in Triton International during the 4th quarter worth approximately $380,000. Hedge funds and other institutional investors own 63.73% of the company’s stock.

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About Triton International

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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