Cowen and Company upgraded shares of Triton International Limited (NASDAQ:TRTN) from a market perform rating to an outperform rating in a research report sent to investors on Tuesday morning. Cowen and Company currently has $23.00 price objective on the stock, up from their previous price objective of $17.00.

TRTN has been the subject of a number of other reports. Bank of America Corp. upgraded Triton International Limited from an underperform rating to a buy rating in a research report on Monday, November 14th. Zacks Investment Research upgraded Triton International Limited from a strong sell rating to a hold rating in a research report on Tuesday, October 18th.

Shares of Triton International Limited (NASDAQ:TRTN) opened at 21.16 on Tuesday. Triton International Limited has a 1-year low of $8.15 and a 1-year high of $21.34. The firm has a 50-day moving average price of $14.19 and a 200-day moving average price of $14.57.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 22nd. Investors of record on Friday, December 2nd will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 8.51%. The ex-dividend date is Wednesday, November 30th.

In other news, Director Kenneth Hanau purchased 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 16th. The stock was purchased at an average cost of $17.24 per share, for a total transaction of $172,400.00. Following the completion of the transaction, the director now owns 29,225 shares of the company’s stock, valued at $503,839. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Malcolm Baker purchased 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 22nd. The shares were purchased at an average price of $21.23 per share, with a total value of $63,690.00. Following the completion of the transaction, the director now directly owns 38,025 shares of the company’s stock, valued at approximately $807,270.75. The disclosure for this purchase can be found here.

Several hedge funds have recently modified their holdings of the company. Vestar Capital Partners purchased a new stake in shares of Triton International Limited during the third quarter valued at approximately $140,876,000. LSV Asset Management purchased a new stake in shares of Triton International Limited during the third quarter valued at approximately $22,140,000. Bank of New York Mellon Corp purchased a new stake in shares of Triton International Limited during the third quarter valued at approximately $2,865,000. TIAA CREF Investment Management LLC purchased a new stake in shares of Triton International Limited during the third quarter valued at approximately $1,620,000. Finally, Wedbush Securities Inc. purchased a new stake in shares of Triton International Limited during the third quarter valued at approximately $1,223,000.

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