Russell Investments Group Ltd. Increases Stock Position in Triton International Limited (NYSE:TRTN)

Russell Investments Group Ltd. raised its position in shares of Triton International Limited (NYSE:TRTN – Get Rating) by 8.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 32,054 shares of the company’s stock after buying an additional 2,377 shares during the quarter. Russell Investments Group Ltd. owned about 0.05% of Triton International worth $2,205,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TRTN. Huntington National Bank bought a new stake in Triton International in the 3rd quarter worth about $68,000. EverSource Wealth Advisors LLC bought a new stake in Triton International in the 3rd quarter worth about $68,000. Counterpoint Mutual Funds LLC bought a new stake in Triton International in the 4th quarter worth about $125,000. Captrust Financial Advisors increased its holdings in Triton International by 28.2% in the 2nd quarter. Captrust Financial Advisors now owns 4,393 shares of the company’s stock worth $231,000 after buying an additional 967 shares in the last quarter. Finally, CIBC Private Wealth Group LLC increased its holdings in Triton International by 11.1% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 18,888 shares of the company’s stock worth $1,033,000 after buying an additional 1,881 shares in the last quarter. Hedge funds and other institutional investors own 64.64% of the company’s stock.

Triton International Trading Down 0.1 %

Triton International stock opened at $83.05 on Monday. The business has a 50-day simple moving average of $73.70 and a two-hundred day simple moving average of $70.09. The company has a market cap of $4.57 billion, a P/E ratio of 7.67 and a beta of 1.36. Triton International Limited has a 52-week low of $48.64 and a 52-week high of $83.82. The company has a quick ratio of 3.97, a current ratio of 3.97 and a debt-to-equity ratio of 3.26.

Triton International (NYSE:TRTN – Get Rating) last released its quarterly earnings results on Tuesday, May 2nd. The company reported $2.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.25 by $0.17. Triton International had a return on equity of 28.48% and a net margin of 42.31%. The business had revenue of $397.70 million during the quarter, compared to the consensus estimate of $394.60 million. During the same period in the previous year, the company posted $2.76 EPS. The business’s quarterly revenue was down 4.7% compared to the same quarter last year. Analysts predict that Triton International Limited will post 9.18 EPS for the current year.

Triton International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 22nd. Stockholders of record on Thursday, June 8th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, June 7th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.37%. Triton International’s payout ratio is currently 25.85%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on TRTN shares. StockNews.com assumed coverage on Triton International in a report on Tuesday, May 16th. They issued a “buy” rating for the company. Keefe, Bruyette & Woods downgraded Triton International from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 12th. Finally, B. Riley downgraded Triton International from a “buy” rating to a “neutral” rating in a research note on Thursday, April 13th.

Triton International Company Profile

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Triton International Ltd. engages in the provision of leasing of intermodal freight containers. It operates through the Equipment Leasing and Equipment Trading segments. The Equipment Leasing segment involves in operations, which include the acquisition, leasing, re-leasing, and ultimate sale of types of intermodal transportation equipment, primarily intermodal containers.