Shares of Triton International Limited (NASDAQ:TRTN) have been assigned a consensus rating of “Buy” from the six analysts that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $37.50.

TRTN has been the subject of a number of recent analyst reports. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $40.00 target price (up previously from $35.00) on shares of Triton International Limited in a research report on Thursday. Cowen and Company reiterated a “buy” rating and issued a $44.00 target price (up previously from $40.00) on shares of Triton International Limited in a research report on Thursday. Zacks Investment Research lowered shares of Triton International Limited from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 18th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $28.00 target price on shares of Triton International Limited in a research report on Friday, May 12th. Finally, Bank of America Corporation reiterated a “buy” rating and issued a $36.00 target price (up previously from $32.00) on shares of Triton International Limited in a research report on Monday, May 15th.

Shares of Triton International Limited (NASDAQ:TRTN) opened at 33.92 on Tuesday. Triton International Limited has a one year low of $11.50 and a one year high of $37.82. The stock has a 50 day moving average of $34.55 and a 200-day moving average of $28.93.

Triton International Limited (NASDAQ:TRTN) last released its quarterly earnings data on Tuesday, August 8th. The company reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.04. The firm had revenue of $281.90 million during the quarter, compared to analyst estimates of $281.09 million. The firm’s revenue was up 78.1% on a year-over-year basis. During the same period last year, the business earned $0.88 EPS. Equities research analysts forecast that Triton International Limited will post $2.57 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 1st will be given a dividend of $0.45 per share. The ex-dividend date is Wednesday, August 30th. This represents a $1.80 annualized dividend and a dividend yield of 5.31%.

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In other news, insider Kevin Valentine sold 2,000 shares of the firm’s stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $27.50, for a total transaction of $55,000.00. Following the completion of the transaction, the insider now owns 67,705 shares in the company, valued at approximately $1,861,887.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Robert W. Alspaugh sold 5,525 shares of the firm’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $29.91, for a total transaction of $165,252.75. Following the transaction, the director now owns 28,487 shares of the company’s stock, valued at approximately $852,046.17. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,525 shares of company stock valued at $470,233.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Peregrine Capital Management LLC boosted its position in shares of Triton International Limited by 2.0% in the second quarter. Peregrine Capital Management LLC now owns 317,896 shares of the company’s stock valued at $10,630,000 after buying an additional 6,365 shares during the last quarter. Tudor Investment Corp ET AL purchased a new position in shares of Triton International Limited during the first quarter valued at approximately $329,000. 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 valued at $12,352,000 after buying an additional 381,523 shares during the last quarter. Norges Bank purchased a new position in shares of Triton International Limited during the fourth quarter valued at approximately $2,883,000. Finally, Advisory Services Network LLC purchased a new position in shares of Triton International Limited during the first quarter valued at approximately $1,067,000.

About Triton International Limited

Analyst Recommendations for Triton International Limited (NASDAQ:TRTN)

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