State Street Corp cut its position in shares of Triton International Limited (NASDAQ:TRTN) by 5.2% during the first quarter, Holdings Channel reports. The firm owned 749,988 shares of the company’s stock after selling 41,240 shares during the period. State Street Corp’s holdings in Triton International Limited were worth $19,338,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Russell Investments Group Ltd. acquired a new position in shares of Triton International Limited during the fourth quarter worth $172,000. Norges Bank acquired a new position in shares of Triton International Limited during the fourth quarter worth $2,883,000. Teachers Advisors LLC boosted its position in shares of Triton International Limited by 31.0% in the fourth quarter. Teachers Advisors LLC now owns 97,419 shares of the company’s stock worth $1,539,000 after buying an additional 23,047 shares during the period. Boston Advisors LLC acquired a new position in shares of Triton International Limited during the first quarter worth $4,795,000. Finally, Nisa Investment Advisors LLC acquired a new position in shares of Triton International Limited during the first quarter worth $366,000.

Triton International Limited (NASDAQ TRTN) traded up 1.82% on Tuesday, reaching $35.88. 35,401 shares of the company’s stock traded hands. The stock has a 50-day moving average of $34.59 and a 200 day moving average of $29.12. Triton International Limited has a 52 week low of $11.50 and a 52 week high of $37.82.

Triton International Limited (NASDAQ:TRTN) last posted its quarterly earnings data on Tuesday, August 8th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.04. The firm had revenue of $281.90 million for the quarter, compared to analysts’ expectations of $281.09 million. The company’s revenue for the quarter was up 78.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.88 EPS. On average, equities research analysts expect that Triton International Limited will post $2.57 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 1st will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.11%.

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A number of research analysts recently weighed in on TRTN shares. Zacks Investment Research cut shares of Triton International Limited from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 18th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $28.00 price target on shares of Triton International Limited in a report on Friday, May 12th. Bank of America Corporation reiterated a “buy” rating and set a $36.00 price target (up previously from $32.00) on shares of Triton International Limited in a report on Monday, May 15th. Cowen and Company reiterated an “outperform” rating and set a $40.00 price target on shares of Triton International Limited in a report on Monday, May 15th. Finally, SunTrust Banks, Inc. reiterated a “buy” rating and set a $40.00 price target (up previously from $35.00) on shares of Triton International Limited in a report on Thursday, August 10th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Triton International Limited presently has an average rating of “Buy” and an average target price of $37.50.

In other news, insider Kevin Valentine sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $27.50, for a total transaction of $55,000.00. Following the completion of the sale, the insider now owns 67,705 shares of the company’s stock, valued at $1,861,887.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert W. Alspaugh sold 5,525 shares of the firm’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $29.91, for a total transaction of $165,252.75. Following the sale, the director now directly owns 28,487 shares of the company’s stock, valued at approximately $852,046.17. The disclosure for this sale can be found here. Insiders have sold 15,525 shares of company stock worth $470,233 in the last quarter.

Want to see what other hedge funds are holding TRTN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Triton International Limited (NASDAQ:TRTN).

Institutional Ownership by Quarter for Triton International Limited (NASDAQ:TRTN)

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