The stock of Triton International Limited (NYSE:TRTN) last traded at $69.67, down -1.85% from the previous session.
Data from the available sources indicates that Triton International Limited (NYSE:TRTN) is covered by 4 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $86.00 and a low of $67.00, we find $79.00. Given the previous closing price of $70.98, this indicates a potential upside of 11.3 percent. TRTN stock price is now 3.29% away from the 50-day moving average and 12.88% away from the 200-day moving average. The market capitalization of the company currently stands at $4.13B.
In total, 0 analysts have assigned it a hold rating, and 3 have given it a buy rating. Brokers who have rated the stock have averaged $77.75 as their price target over the next twelve months.
With the price target maintained at $53, BofA Securities recently Downgraded its rating from Buy to Underperform for Triton International Limited (NYSE: TRTN)., while ‘CJS Securities’ rates the stock as ‘Market Outperform’.
In other news, O’Callaghan John F., Executive Vice President sold 10,000 shares of the company’s stock on Feb 16. The stock was sold for $700,000 at an average price of $70.00. Upon completion of the transaction, the Executive Vice President now directly owns 98,702 shares in the company, valued at $6.88 million. Insiders disposed of 14,640 shares of company stock worth roughly $1.02 million over the past 1 year. A total of 2.19% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in TRTN stock. A new stake in Triton International Limited shares was purchased by PARALLAX VOLATILITY ADVISERS, L.P. during the first quarter worth $4,648,000. ALPHACREST CAPITAL MANAGEMENT LLC invested $2,885,000 in shares of TRTN during the first quarter. In the first quarter, D. E. SHAW & CO., INC. acquired a new stake in Triton International Limited valued at approximately $2,882,000. ENSIGN PEAK ADVISORS, INC acquired a new stake in TRTN for approximately $1,647,000. EQIS CAPITAL MANAGEMENT, INC. purchased a new stake in TRTN valued at around $1,412,000 in the second quarter. In total, there are 375 active investors with 67.90% ownership of the company’s stock.
With an opening price of $70.54 on Thursday morning, Triton International Limited (NYSE: TRTN) set off the trading day. During the past 12 months, Triton International Limited has had a low of $48.64 and a high of $72.66. The fifty day moving average price for TRTN is $67.58 and a two-hundred day moving average price translates $61.72 for the stock.
The latest earnings results from Triton International Limited (NYSE: TRTN) was released for Jun, 2022. According to the Rental & Leasing Services Company, earnings per share came in at $2.92, beating analysts’ expectations of $2.65 by 0.27. This compares to $2.00 EPS in the same period last year. The net profit margin was 39.00% and return on equity was 29.10% for TRTN. The company reported revenue of $469.47 million for the quarter, compared to $444.61 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 5.59 percent. For the current quarter, analysts expect TRTN to generate $420.09M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/22/2022. Investors who held shares on 12/08/2022 were paid a $0.70 dividend. On an annualized basis, this represents a $2.80 dividend and a 4.02% percent yield. There was an ex-dividend date of 12/07/2022 for this dividend. In terms of dividend payout ratio, TRTN is presently at 23.00%.
Triton International Limited(TRTN) Company Profile
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 containers, as well as provides maritime container management services. As of December 31, 2021, its total fleet consisted of 4.3 million containers and chassis representing 7.3 million twenty-foot equivalent units or 8.0 million cost equivalent units. The company also purchases containers from container manufacturers, shipping line customers, and other sellers, as well as resells these containers to container retailers and users. It operates in Asia, Europe, the Americas, Bermuda, and internationally. The company was founded in 1980 and is based in Hamilton, Bermuda.