Garrison Bradford & Associates Inc. reduced its stake in shares of Triton International Ltd (NYSE:TRTN) by 37.5% during the second quarter, Holdings Channel reports. The institutional investor owned 24,634 shares of the company’s stock after selling 14,783 shares during the quarter. Triton International comprises 0.9% of Garrison Bradford & Associates Inc.’s portfolio, making the stock its 26th biggest holding. Garrison Bradford & Associates Inc.’s holdings in Triton International were worth $807,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. BNP Paribas Arbitrage SA grew its stake in shares of Triton International by 280.8% during the first quarter. BNP Paribas Arbitrage SA now owns 12,106 shares of the company’s stock valued at $376,000 after buying an additional 8,927 shares during the last quarter. Norges Bank bought a new position in shares of Triton International during the fourth quarter valued at about $19,462,000. Westside Investment Management Inc. bought a new position in shares of Triton International during the second quarter valued at about $45,189,000. Barnett & Company Inc. grew its stake in shares of Triton International by 19.9% during the second quarter. Barnett & Company Inc. now owns 115,676 shares of the company’s stock valued at $3,790,000 after buying an additional 19,200 shares during the last quarter. Finally, Vanguard Capital Wealth Advisors grew its stake in shares of Triton International by 12.1% during the first quarter. Vanguard Capital Wealth Advisors now owns 16,730 shares of the company’s stock valued at $520,000 after buying an additional 1,800 shares during the last quarter. 61.58% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE TRTN traded down $0.05 during trading hours on Tuesday, hitting $31.46. The company’s stock had a trading volume of 7,558 shares, compared to its average volume of 453,304. The company has a debt-to-equity ratio of 3.42, a quick ratio of 1.90 and a current ratio of 1.90. The stock has a market cap of $2.31 billion, a price-to-earnings ratio of 6.96, a P/E/G ratio of 0.66 and a beta of 2.27. Triton International Ltd has a 12 month low of $28.20 and a 12 month high of $39.56. The business has a 50-day simple moving average of $32.24 and a 200-day simple moving average of $32.06.

Triton International (NYSE:TRTN) last posted its earnings results on Thursday, July 25th. The company reported $1.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.05. The company had revenue of $338.60 million for the quarter, compared to analysts’ expectations of $345.61 million. Triton International had a return on equity of 16.56% and a net margin of 24.70%. Triton International’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period last year, the firm earned $1.10 earnings per share. On average, equities research analysts forecast that Triton International Ltd will post 4.67 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, September 5th will be paid a $0.52 dividend. The ex-dividend date is Wednesday, September 4th. This represents a $2.08 annualized dividend and a dividend yield of 6.61%. Triton International’s payout ratio is presently 46.02%.

A number of research analysts have recently issued reports on the company. ValuEngine cut Triton International from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 1st. Compass Point set a $38.00 price objective on Triton International and gave the company a “buy” rating in a research note on Friday, July 26th. Zacks Investment Research cut Triton International from a “buy” rating to a “hold” rating in a research note on Tuesday, April 23rd. Finally, TheStreet raised Triton International from a “d-” rating to a “c” rating in a research note on Friday, July 12th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $35.25.

In related news, VP Michelle Gallagher sold 2,360 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $32.29, for a total value of $76,204.40. Following the sale, the vice president now directly owns 12,644 shares of the company’s stock, valued at $408,274.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.60% of the stock is owned by company insiders.

Triton International Profile

Triton International Limited engages in the acquisition, leasing, re-leasing, and sale of various types of intermodal transportation equipment 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 container management services.

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Institutional Ownership by Quarter for Triton International (NYSE:TRTN)

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