Lazard Asset Management LLC Sells 520 Shares of Triton International Limited (NYSE:TRTN)

Lazard Asset Management LLC lowered its stake in Triton International Limited (NYSE:TRTNGet Rating) by 23.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,707 shares of the company’s stock after selling 520 shares during the quarter. Lazard Asset Management LLC’s holdings in Triton International were worth $89,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Counterpoint Mutual Funds LLC lifted its stake in Triton International by 526.9% in the 2nd quarter. Counterpoint Mutual Funds LLC now owns 1,937 shares of the company’s stock worth $102,000 after purchasing an additional 1,628 shares in the last quarter. Morse Asset Management Inc purchased a new stake in shares of Triton International during the 1st quarter valued at about $875,000. Beach Investment Counsel Inc. PA purchased a new stake in shares of Triton International during the 1st quarter valued at about $3,062,000. Foster & Motley Inc. raised its position in shares of Triton International by 4.4% during the 2nd quarter. Foster & Motley Inc. now owns 52,422 shares of the company’s stock valued at $2,760,000 after buying an additional 2,209 shares in the last quarter. Finally, Meritage Portfolio Management raised its position in shares of Triton International by 1.6% during the 2nd quarter. Meritage Portfolio Management now owns 72,156 shares of the company’s stock valued at $3,799,000 after buying an additional 1,146 shares in the last quarter. Hedge funds and other institutional investors own 65.21% of the company’s stock.

Triton International Stock Up 1.0 %

Shares of NYSE TRTN opened at $66.33 on Thursday. The firm’s 50-day moving average price is $59.66 and its 200-day moving average price is $59.65. The company has a current ratio of 4.32, a quick ratio of 4.32 and a debt-to-equity ratio of 3.26. The stock has a market capitalization of $3.90 billion, a price-to-earnings ratio of 5.91, a P/E/G ratio of 0.58 and a beta of 1.44. Triton International Limited has a 12-month low of $48.64 and a 12-month high of $72.34.

Triton International (NYSE:TRTNGet Rating) last posted its quarterly earnings data on Tuesday, November 1st. The company reported $2.88 earnings per share for the quarter, topping analysts’ consensus estimates of $2.76 by $0.12. Triton International had a net margin of 45.95% and a return on equity of 31.21%. The company had revenue of $424.68 million for the quarter, compared to analyst estimates of $420.64 million. On average, equities research analysts anticipate that Triton International Limited will post 11.27 EPS for the current fiscal year.

Triton International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 22nd. Investors of record on Thursday, December 8th will be given a $0.70 dividend. This is a positive change from Triton International’s previous quarterly dividend of $0.65. This represents a $2.80 dividend on an annualized basis and a yield of 4.22%. The ex-dividend date of this dividend is Wednesday, December 7th. Triton International’s dividend payout ratio is 23.15%.

Analysts Set New Price Targets

Separately, began coverage on shares of Triton International in a research report on Wednesday, October 12th. They set a “buy” rating on the stock.

Triton International Company Profile

(Get Rating)

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.

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Institutional Ownership by Quarter for Triton International (NYSE:TRTN)

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