Triton International Limited (NASDAQ:TRTN) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued on Wednesday.

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. “

A number of other research analysts have also issued reports on the stock. Cowen and Company upgraded shares of Triton International Limited from a “market perform” rating to an “outperform” rating and upped their price target for the company from $17.00 to $23.00 in a research note on Tuesday, November 22nd. Bank of America Corp. upgraded shares of Triton International Limited from an “underperform” rating to a “buy” rating in a research note on Monday, November 14th.

Shares of Triton International Limited (NASDAQ:TRTN) opened at 19.49 on Wednesday. Triton International Limited has a one year low of $8.15 and a one year high of $21.34. The firm has a 50-day moving average of $14.60 and a 200-day moving average of $14.63.

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. This represents a $1.80 annualized dividend and a dividend yield of 9.03%. The ex-dividend date of this dividend is Wednesday, November 30th.

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

Hedge funds have recently added to or reduced their stakes in the stock. Public Employees Retirement Association of Colorado acquired a new stake in Triton International Limited during the third quarter valued at approximately $129,000. Airain ltd acquired a new stake in Triton International Limited during the third quarter valued at approximately $134,000. Aperio Group LLC acquired a new stake in Triton International Limited during the third quarter valued at approximately $137,000. Strs Ohio acquired a new stake in Triton International Limited during the third quarter valued at approximately $167,000. Finally, UBS Asset Management Americas Inc. acquired a new stake in Triton International Limited during the third quarter valued at approximately $186,000.

5 Day Chart for NASDAQ:TRTN

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