B. Riley Reiterates “Buy” Rating for Triton International (NYSE:TRTN)

Triton International (NYSE:TRTN)‘s stock had its “buy” rating reiterated by equities researchers at B. Riley in a research report issued on Tuesday, Zacks.com reports. B. Riley also issued estimates for Triton International’s Q2 2021 earnings at $2.01 EPS, Q3 2021 earnings at $2.09 EPS, Q4 2021 earnings at $2.15 EPS, FY2021 earnings at $8.16 EPS, FY2022 earnings at $8.36 EPS and FY2023 earnings at $8.65 EPS.

Separately, Zacks Investment Research cut Triton International from a “strong-buy” rating to a “hold” rating and set a $60.00 price objective on the stock. in a research report on Tuesday, April 20th.

NYSE TRTN opened at $50.54 on Tuesday. The company has a market capitalization of $3.40 billion, a P/E ratio of 9.81, a price-to-earnings-growth ratio of 0.66 and a beta of 1.63. The company has a debt-to-equity ratio of 3.19, a quick ratio of 1.05 and a current ratio of 1.05. Triton International has a 52 week low of $28.66 and a 52 week high of $61.88. The firm’s 50 day moving average price is $53.42.

Triton International (NYSE:TRTN) last posted its quarterly earnings data on Thursday, April 29th. The company reported $1.91 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.70 by $0.21. Triton International had a return on equity of 20.92% and a net margin of 29.45%. On average, equities analysts expect that Triton International will post 8.01 EPS for the current year.

In related news, VP Michelle Gallagher sold 1,713 shares of the business’s stock in a transaction on Tuesday, June 1st. The stock was sold at an average price of $55.00, for a total transaction of $94,215.00. Following the sale, the vice president now directly owns 8,721 shares in the company, valued at approximately $479,655. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Simon R. Vernon sold 12,757 shares of the business’s stock in a transaction on Thursday, April 15th. The shares were sold at an average price of $57.50, for a total value of $733,527.50. Following the sale, the director now owns 189,778 shares in the company, valued at $10,912,235. The disclosure for this sale can be found here. Insiders have sold a total of 15,970 shares of company stock worth $909,493 in the last ninety days. Insiders own 1.80% of the company’s stock.

Several institutional investors have recently made changes to their positions in TRTN. Allred Capital Management LLC purchased a new stake in Triton International during the 1st quarter valued at about $43,000. Captrust Financial Advisors boosted its holdings in Triton International by 21.0% during the 4th quarter. Captrust Financial Advisors now owns 1,210 shares of the company’s stock valued at $59,000 after acquiring an additional 210 shares during the period. Lazard Asset Management LLC purchased a new stake in Triton International during the 1st quarter valued at about $70,000. Fieldpoint Private Securities LLC purchased a new stake in Triton International during the 1st quarter valued at about $77,000. Finally, Sowell Financial Services LLC purchased a new stake in Triton International during the 1st quarter valued at about $114,000. Hedge funds and other institutional investors own 67.59% of the company’s stock.

About Triton International

Triton International Limited engages in the acquisition, leasing, re-leasing, and sale of various types of intermodal containers and chassis to shipping lines, and freight forwarding companies and manufacturers. It operates in two segments, Equipment Leasing and Equipment Trading. The company primarily leases dry, refrigerated, special, and tank containers; and chassis used for the transportation of intermodal containers, as well as provides maritime container management services.

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