Triton International Limited (TRTN) Position Lessened by Second Curve Capital LLC
Second Curve Capital LLC trimmed its holdings in shares of Triton International Limited (NYSE:TRTN) by 86.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 48,008 shares of the company’s stock after selling 315,604 shares during the quarter. Triton International accounts for approximately 0.6% of Second Curve Capital LLC’s portfolio, making the stock its 17th biggest position. Second Curve Capital LLC owned about 0.06% of Triton International worth $1,598,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of TRTN. Quantbot Technologies LP acquired a new position in Triton International in the 3rd quarter valued at about $214,000. SG Americas Securities LLC acquired a new position in Triton International in the 3rd quarter valued at about $289,000. Quotient Investors LLC acquired a new position in Triton International in the 3rd quarter valued at about $445,000. UBS Asset Management Americas Inc. grew its position in Triton International by 60.5% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 16,690 shares of the company’s stock valued at $558,000 after acquiring an additional 6,291 shares in the last quarter. Finally, Marshall Wace North America L.P. acquired a new position in Triton International in the 2nd quarter valued at about $874,000. 63.32% of the stock is owned by hedge funds and other institutional investors.
Shares of Triton International Limited (TRTN) traded up $1.19 on Friday, hitting $37.73. The stock had a trading volume of 349,400 shares, compared to its average volume of 446,479. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 3.34. The stock has a market cap of $3,040.00 and a PE ratio of 17.08. Triton International Limited has a fifty-two week low of $15.69 and a fifty-two week high of $43.85.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 1st will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 4.77%. The ex-dividend date is Thursday, November 30th. Triton International’s dividend payout ratio is currently 382.98%.
In other Triton International news, VP Michelle Gallagher sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $40.00, for a total value of $40,000.00. Following the completion of the sale, the vice president now owns 23,158 shares in the company, valued at $926,320. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Claude Germain sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $38.18, for a total value of $57,270.00. Following the completion of the sale, the director now owns 30,080 shares of the company’s stock, valued at approximately $1,148,454.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,500 shares of company stock valued at $500,370. 1.50% of the stock is owned by company insiders.
Several equities analysts have weighed in on the company. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $35.00 target price on shares of Triton International in a research report on Thursday, August 10th. Wells Fargo & Company lifted their target price on Triton International from $42.00 to $45.00 and gave the company an “outperform” rating in a research report on Tuesday, November 14th. BidaskClub cut Triton International from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 12th. ValuEngine cut Triton International from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Zacks Investment Research upgraded Triton International from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research note on Tuesday, November 14th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $44.00.
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