Huntington National Bank Buys Shares of 3,900 Triton International Limited (TRTN)
Huntington National Bank bought a new position in Triton International Limited (NYSE:TRTN) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 3,900 shares of the company’s stock, valued at approximately $146,000.
Other hedge funds have also added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new stake in Triton International in the third quarter worth $214,000. SG Americas Securities LLC bought a new position in shares of Triton International during the 3rd quarter worth $289,000. Eqis Capital Management Inc. bought a new position in shares of Triton International during the 4th quarter worth $380,000. Quotient Investors LLC bought a new position in shares of Triton International during the 3rd quarter worth $445,000. Finally, UBS Asset Management Americas Inc. grew its position in shares of Triton International by 60.5% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 16,690 shares of the company’s stock worth $558,000 after buying an additional 6,291 shares in the last quarter. Institutional investors and hedge funds own 63.73% of the company’s stock.
In related news, Director Claude Germain sold 1,500 shares of the business’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $38.18, for a total transaction of $57,270.00. Following the completion of the transaction, the director now directly owns 30,080 shares of the company’s stock, valued at approximately $1,148,454.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kenneth Hanau sold 10,000 shares of the business’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $40.31, for a total value of $403,100.00. Following the transaction, the director now directly owns 31,580 shares of the company’s stock, valued at $1,272,989.80. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.
Shares of Triton International Limited (NYSE:TRTN) opened at $30.98 on Friday. Triton International Limited has a 12-month low of $21.77 and a 12-month high of $43.85. The firm has a market capitalization of $2,524.70, a PE ratio of 14.41, a P/E/G ratio of 0.83 and a beta of 2.58. The company has a debt-to-equity ratio of 3.34, a quick ratio of 1.33 and a current ratio of 1.33.
Triton International (NYSE:TRTN) last released its earnings results on Wednesday, November 8th. The company reported $0.81 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.07. Triton International had a return on equity of 8.50% and a net margin of 14.44%. The firm had revenue of $302.10 million during the quarter, compared to analysts’ expectations of $301.71 million. Triton International’s revenue was up 7.2% compared to the same quarter last year. equities analysts expect that Triton International Limited will post 2.75 EPS for the current year.
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About Triton International
Triton International Limited engages in the acquisition, leasing, re-leasing, and sale of various 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 freight containers, refrigerated containers, special containers, tank containers, and chassis, as well as manages containers owned by third parties.
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