Wells Fargo & Company Increases Triton International Limited (TRTN) Price Target to $45.00
Triton International Limited (NYSE:TRTN) had its price target increased by Wells Fargo & Company from $42.00 to $45.00 in a research report report published on Tuesday. Wells Fargo & Company currently has an outperform rating on the stock.
Several other research analysts have also commented on the stock. Zacks Investment Research raised shares of Triton International Limited from a hold rating to a buy rating and set a $48.00 price objective for the company in a research note on Tuesday. SunTrust Banks, Inc. raised their price objective on shares of Triton International Limited from $40.00 to $50.00 and gave the company a buy rating in a research note on Monday, November 13th. They noted that the move was a valuation call. Cowen and Company raised their price objective on shares of Triton International Limited from $46.00 to $50.00 and gave the company an outperform rating in a research note on Friday, November 10th. Finally, BidaskClub raised shares of Triton International Limited from a buy rating to a strong-buy rating in a research note on Tuesday, November 7th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Triton International Limited presently has an average rating of Buy and an average price target of $44.00.
Triton International Limited (NYSE:TRTN) opened at $40.07 on Tuesday. The company has a debt-to-equity ratio of 3.70, a quick ratio of 1.31 and a current ratio of 1.31. The firm has a market cap of $3,200.00 and a PE ratio of 18.94. Triton International Limited has a 12 month low of $15.69 and a 12 month high of $43.85.
Triton International Limited (NYSE:TRTN) last posted its quarterly earnings data on Wednesday, November 8th. The company reported $0.81 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.07. Triton International Limited had a net margin of 14.44% and a return on equity of 8.76%. The business had revenue of $302.10 million during the quarter, compared to analyst estimates of $301.71 million. The company’s revenue was up 7.2% on a year-over-year basis. equities analysts forecast that Triton International Limited will post 2.75 EPS for the current year.
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The company also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 1st will be issued a $0.45 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.80 annualized dividend and a yield of 4.49%. Triton International Limited’s dividend payout ratio (DPR) is 382.98%.
In related news, Director Kenneth Hanau sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $40.31, for a total value of $403,100.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Michelle Gallagher sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $40.00, for a total transaction of $40,000.00. Following the completion of the sale, the vice president now directly owns 23,158 shares in the company, valued at approximately $926,320. The disclosure for this sale can be found here. 1.50% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of the stock. Ameriprise Financial Inc. raised its holdings in Triton International Limited by 10.1% in the third quarter. Ameriprise Financial Inc. now owns 881,693 shares of the company’s stock valued at $29,343,000 after acquiring an additional 80,998 shares in the last quarter. State Street Corp raised its holdings in Triton International Limited by 8.6% in the second quarter. State Street Corp now owns 814,650 shares of the company’s stock valued at $27,244,000 after acquiring an additional 64,662 shares in the last quarter. Teachers Advisors LLC raised its holdings in 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 acquiring an additional 381,523 shares in the last quarter. Kempen Capital Management N.V. acquired a new stake in Triton International Limited in the second quarter valued at approximately $12,404,000. Finally, Systematic Financial Management LP raised its holdings in Triton International Limited by 557.1% in the third quarter. Systematic Financial Management LP now owns 356,904 shares of the company’s stock valued at $11,878,000 after acquiring an additional 302,589 shares in the last quarter. 58.38% of the stock is currently owned by hedge funds and other institutional investors.
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