Triton International (NYSE:TRTN) Stock Price Passes Below 50 Day Moving Average of $61.77

Posted by on Jun 17th, 2022

Triton International Limited (NYSE:TRTN – Get Rating) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $61.77 and traded as low as $52.61. Triton International shares last traded at $52.97, with a volume of 513,141 shares changing hands.

Several analysts recently issued reports on the stock. Bank of America lowered shares of Triton International from a “buy” rating to an “underperform” rating and set a $53.00 target price for the company. in a research report on Friday, April 8th. StockNews.com raised shares of Triton International from a “hold” rating to a “buy” rating in a report on Thursday, May 12th.

The company has a quick ratio of 4.23, a current ratio of 4.23 and a debt-to-equity ratio of 3.53. The firm has a market cap of $3.40 billion, a PE ratio of 6.55, a P/E/G ratio of 0.55 and a beta of 1.40. The firm’s fifty day simple moving average is $61.77 and its two-hundred day simple moving average is $62.58.

Triton International (NYSE:TRTN – Get Rating) last issued its quarterly earnings results on Tuesday, May 3rd. The company reported $2.76 earnings per share for the quarter, beating the consensus estimate of $2.64 by $0.12. Triton International had a net margin of 36.44% and a return on equity of 30.93%. The business had revenue of $417.10 million for the quarter, compared to the consensus estimate of $419.02 million. During the same quarter in the previous year, the firm earned $1.91 earnings per share. The company’s revenue for the quarter was up 20.3% on a year-over-year basis. As a group, analysts anticipate that Triton International Limited will post 10.76 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 23rd. Stockholders of record on Thursday, June 9th will be issued a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 4.91%. The ex-dividend date is Wednesday, June 8th. Triton International’s dividend payout ratio (DPR) is presently 32.14%.

Hedge funds have recently added to or reduced their stakes in the company. First Quadrant LLC CA purchased a new position in shares of Triton International in the first quarter worth $38,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Triton International in the fourth quarter worth $137,000. Lazard Asset Management LLC lifted its holdings in shares of Triton International by 19.0% in the fourth quarter. Lazard Asset Management LLC now owns 2,395 shares of the company’s stock worth $144,000 after buying an additional 383 shares in the last quarter. Montecito Bank & Trust purchased a new position in shares of Triton International in the first quarter worth $201,000. Finally, Fisher Asset Management LLC purchased a new position in shares of Triton International in the fourth quarter worth $204,000. 66.27% of the stock is currently owned by hedge funds and other institutional investors.

Triton International Company Profile (NYSE:TRTN)

Triton International Limited engages in the acquisition, leasing, re-leasing, and sale of various types of 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, refrigerated, special, and tank containers; and chassis used for the transportation of containers, as well as provides maritime container management services.

Further Reading

Want More Great Investing Ideas?

Receive News & Ratings for Triton International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Triton International and related companies with MarketBeat.com's FREE daily email newsletter.