Triton International Ltd (TRTN) Holdings Raised by Vanguard Capital Wealth Advisors
Vanguard Capital Wealth Advisors boosted its stake in shares of Triton International Ltd (NYSE:TRTN) by 14.4% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,480 shares of the company’s stock after purchasing an additional 1,700 shares during the quarter. Vanguard Capital Wealth Advisors’ holdings in Triton International were worth $413,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the business. Fox Run Management L.L.C. acquired a new position in shares of Triton International in the second quarter valued at $416,000. Brookstone Capital Management acquired a new position in shares of Triton International in the second quarter valued at $463,000. W.E. Donoghue & Co. LLC acquired a new position in shares of Triton International in the second quarter valued at $425,000. Dimensional Fund Advisors LP raised its stake in shares of Triton International by 13.9% in the first quarter. Dimensional Fund Advisors LP now owns 4,448,765 shares of the company’s stock valued at $136,132,000 after purchasing an additional 543,929 shares in the last quarter. Finally, Xact Kapitalforvaltning AB acquired a new position in shares of Triton International in the first quarter valued at $269,000. 65.21% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts recently commented on TRTN shares. Compass Point restated a “buy” rating and issued a $42.00 target price on shares of Triton International in a research note on Friday, August 3rd. Keefe, Bruyette & Woods upgraded Triton International from a “market perform” rating to an “outperform” rating in a research note on Thursday, September 6th. Finally, ValuEngine lowered Triton International from a “hold” rating to a “sell” rating in a research note on Monday, June 18th. One analyst has rated the stock with a sell rating and seven have issued a buy rating to the company. Triton International presently has an average rating of “Buy” and an average target price of $43.83.
Triton International (NYSE:TRTN) last issued its earnings results on Friday, August 3rd. The company reported $1.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.04. Triton International had a return on equity of 14.30% and a net margin of 35.39%. The firm had revenue of $329.80 million for the quarter, compared to analysts’ expectations of $330.49 million. During the same quarter last year, the business earned $0.63 earnings per share. The company’s revenue was up 17.0% compared to the same quarter last year. sell-side analysts expect that Triton International Ltd will post 4.35 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 25th. Shareholders of record on Tuesday, September 4th will be given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 5.52%. The ex-dividend date is Friday, August 31st. Triton International’s dividend payout ratio (DPR) is 74.82%.
In related news, Director Pincus (Ganymede-Ii) P. Warburg sold 1,850,000 shares of the business’s stock in a transaction on Wednesday, September 5th. The stock was sold at an average price of $34.78, for a total value of $64,343,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Michelle Gallagher sold 2,900 shares of the business’s stock in a transaction on Monday, August 20th. The shares were sold at an average price of $38.01, for a total value of $110,229.00. Following the completion of the sale, the vice president now owns 13,209 shares of the company’s stock, valued at $502,074.09. The disclosure for this sale can be found here. Insiders have sold a total of 1,859,000 shares of company stock worth $64,672,429 in the last ninety days. Insiders own 1.40% of the company’s stock.
Triton International Profile
Triton International Limited engages in the acquisition, leasing, re-leasing, and sale of various types of intermodal transportation equipment 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, refrigerated, special, and tank containers; and chassis used for the transportation of containers, as well as manages containers owned by third parties.
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