Bank of America Corp reissued their buy rating on shares of Triton International Limited (NASDAQ:TRTN) in a research note released on Monday morning. They currently have a $36.00 target price on the stock, up from their previous target price of $32.00.

Other equities research analysts also recently issued research reports about the stock. SunTrust Banks, Inc. raised their price objective on shares of Triton International Limited from $28.00 to $30.00 and gave the company a buy rating in a research report on Friday, April 7th. Zacks Investment Research upgraded shares of Triton International Limited from a hold rating to a strong-buy rating and set a $35.00 price objective for the company in a research report on Friday, April 28th. Keefe, Bruyette & Woods restated a hold rating and issued a $28.00 price objective on shares of Triton International Limited in a research report on Friday, March 17th. Cowen and Company restated an outperform rating and issued a $30.00 price objective on shares of Triton International Limited in a research report on Thursday, March 16th. Finally, Wells Fargo & Co began coverage on shares of Triton International Limited in a research report on Monday, February 13th. They issued an outperform rating and a $30.00 price objective for the company. They noted that the move was a valuation call. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Triton International Limited presently has a consensus rating of Buy and a consensus price target of $33.17.

Analyst Recommendations for Triton International Limited (NASDAQ:TRTN)

Shares of Triton International Limited (NASDAQ:TRTN) traded up 4.02% on Monday, reaching $27.18. 150,451 shares of the company’s stock were exchanged. The company’s 50 day moving average price is $28.00 and its 200-day moving average price is $22.57. Triton International Limited has a 52-week low of $11.50 and a 52-week high of $31.97.

Triton International Limited (NASDAQ:TRTN) last announced its quarterly earnings data on Tuesday, March 14th. The company reported $0.21 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.21. The firm had revenue of $259.50 million during the quarter, compared to analyst estimates of $251.91 million. The business’s quarterly revenue was up 50.0% compared to the same quarter last year. On average, equities analysts forecast that Triton International Limited will post $2.46 earnings per share for the current fiscal year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 22nd. Stockholders of record on Thursday, June 1st will be paid a dividend of $0.45 per share. The ex-dividend date is Tuesday, May 30th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.89%.

In other news, CFO John Burns sold 26,300 shares of the firm’s stock in a transaction that occurred on Monday, April 24th. The shares were sold at an average price of $30.02, for a total transaction of $789,526.00. Following the completion of the transaction, the chief financial officer now directly owns 121,126 shares of the company’s stock, valued at approximately $3,636,202.52. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Kevin Valentine sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $27.49, for a total transaction of $54,980.00. Following the transaction, the insider now directly owns 69,705 shares of the company’s stock, valued at $1,916,190.45. The disclosure for this sale can be found here. Over the last three months, insiders have sold 58,300 shares of company stock valued at $1,745,706.

Several hedge funds and other institutional investors have recently modified their holdings of TRTN. Foresters Investment Management Company Inc. boosted its position in shares of Triton International Limited by 11.4% in the first quarter. Foresters Investment Management Company Inc. now owns 1,290,800 shares of the company’s stock worth $33,290,000 after buying an additional 131,900 shares during the period. State Street Corp boosted its position in shares of Triton International Limited by 13.8% in the fourth quarter. State Street Corp now owns 791,228 shares of the company’s stock worth $12,501,000 after buying an additional 95,787 shares during the period. Ameriprise Financial Inc. acquired a new position in shares of Triton International Limited during the first quarter worth $16,504,000. Teachers Advisors LLC boosted its position in shares of Triton International Limited by 391.6% in the first quarter. Teachers Advisors LLC now owns 478,942 shares of the company’s stock worth $12,352,000 after buying an additional 381,523 shares during the period. Finally, Peregrine Capital Management LLC acquired a new position in shares of Triton International Limited during the first quarter worth $8,059,000.

5 Day Chart for NASDAQ:TRTN

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