Triton International Limited (TRTN) Downgraded by Zacks Investment Research to “Strong Sell”
According to Zacks, “Triton International Limited offers acquisition, leasing, re-leasing, and sale of intermodal containers. The company’s leasing equipment consists of Dry Freight Containers, Refrigerated Containers, Special Containers, Tank Containers and Chassis. Triton International Limited, formerly known as TAL International Group, Inc., is based in Hamilton, Bermuda. “
Other equities analysts have also issued reports about the stock. Bank of America Corp. upgraded shares of Triton International Limited from an underperform rating to a buy rating in a research report on Monday, November 14th. Cowen and Company lifted their target price on shares of Triton International Limited from $15.00 to $17.00 and gave the company a market perform rating in a research report on Friday, November 11th.
Shares of Triton International Limited (NASDAQ:TRTN) traded up 0.57% during trading on Tuesday, reaching $21.08. 85,623 shares of the company’s stock traded hands. Triton International Limited has a 52-week low of $8.15 and a 52-week high of $21.34. The company’s 50-day moving average is $13.99 and its 200 day moving average is $14.52.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 22nd. Stockholders of record on Friday, December 2nd will be issued a $0.45 dividend. The ex-dividend date is Wednesday, November 30th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.59%.
In other Triton International Limited news, Director Malcolm Baker acquired 3,000 shares of the stock in a transaction dated Tuesday, November 22nd. The stock was purchased at an average cost of $21.23 per share, for a total transaction of $63,690.00. Following the acquisition, the director now owns 38,025 shares in the company, valued at approximately $807,270.75. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Kenneth Hanau acquired 10,000 shares of the stock in a transaction dated Wednesday, November 16th. The stock was acquired at an average price of $17.24 per share, with a total value of $172,400.00. Following the completion of the acquisition, the director now owns 29,225 shares in the company, valued at approximately $503,839. The disclosure for this purchase can be found here.
Several large investors have recently made changes to their positions in TRTN. Airain ltd acquired a new stake in shares of Triton International Limited during the third quarter worth $134,000. LSV Asset Management acquired a new stake in shares of Triton International Limited during the third quarter worth $22,140,000. Wedbush Securities Inc. acquired a new stake in shares of Triton International Limited during the third quarter worth $1,223,000. Camelot Portfolios LLC acquired a new stake in shares of Triton International Limited during the third quarter worth $707,000. Finally, UBS Asset Management Americas Inc. acquired a new stake in shares of Triton International Limited during the third quarter worth $186,000.
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