Advisory Services Network LLC Has $1.40 Million Position in Triton International Limited (TRTN)
Advisory Services Network LLC increased its stake in shares of Triton International Limited (NASDAQ:TRTN) by 1.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 41,861 shares of the company’s stock after acquiring an additional 502 shares during the period. Advisory Services Network LLC’s holdings in Triton International Limited were worth $1,400,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Karp Capital Management Corp bought a new stake in Triton International Limited during the first quarter worth about $221,000. Pillar Pacific Capital Management LLC bought a new stake in Triton International Limited in the second quarter valued at approximately $301,000. Tudor Investment Corp ET AL bought a new stake in Triton International Limited in the first quarter valued at approximately $329,000. UBS Asset Management Americas Inc. raised its stake in Triton International Limited by 60.5% in the second quarter. UBS Asset Management Americas Inc. now owns 16,690 shares of the company’s stock valued at $558,000 after buying an additional 6,291 shares during the period. Finally, American International Group Inc. raised its stake in Triton International Limited by 27.5% in the first quarter. American International Group Inc. now owns 24,303 shares of the company’s stock valued at $627,000 after buying an additional 5,245 shares during the period.
Triton International Limited (NASDAQ:TRTN) traded up 1.02% during mid-day trading on Monday, reaching $36.78. The company’s stock had a trading volume of 113,562 shares. Triton International Limited has a 52-week low of $11.50 and a 52-week high of $38.19. The company has a market cap of $2.74 billion and a price-to-earnings ratio of 51.88. The firm has a 50 day moving average price of $34.23 and a 200 day moving average price of $32.14.
Triton International Limited (NASDAQ:TRTN) last posted its quarterly earnings results on Tuesday, August 8th. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.04. The company had revenue of $281.90 million during the quarter, compared to the consensus estimate of $281.09 million. The company’s revenue for the quarter was up 78.1% compared to the same quarter last year. During the same period last year, the firm posted $0.88 EPS. Equities research analysts anticipate that Triton International Limited will post $2.57 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Friday, September 1st were issued a $0.45 dividend. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.94%.
In related news, VP Michelle Gallagher sold 2,000 shares of Triton International Limited stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $34.68, for a total value of $69,360.00. Following the sale, the vice president now owns 25,158 shares of the company’s stock, valued at approximately $872,479.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Several analysts have issued reports on TRTN shares. BidaskClub upgraded Triton International Limited from a “hold” rating to a “buy” rating in a research note on Thursday, October 5th. Zacks Investment Research upgraded Triton International Limited from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research note on Thursday, July 27th. SunTrust Banks, Inc. restated a “buy” rating and issued a $40.00 price objective (up previously from $35.00) on shares of Triton International Limited in a research note on Thursday, August 10th. Cowen and Company restated a “buy” rating and issued a $44.00 price objective (up previously from $40.00) on shares of Triton International Limited in a research note on Thursday, August 10th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $35.00 price objective on shares of Triton International Limited in a research note on Thursday, August 10th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $37.50.
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