Zacks Investment Research upgraded shares of Triton International Limited (NASDAQ:TRTN) from a hold rating to a buy rating in a research report released on Thursday. They currently have $40.00 target price on the stock.

According to Zacks, “Triton International Limited offers acquisition, leasing, re-leasing, and sale of intermodal containers. The company’s leasing equipment consists of Dry Freight Containers, Refrigerated Containers, Special Containers, Tank Containers and Chassis. Triton International Limited, formerly known as TAL International Group, Inc., is based in Hamilton, Bermuda. “

TRTN has been the topic of a number of other research reports. Keefe, Bruyette & Woods reissued a hold rating and issued a $28.00 price target on shares of Triton International Limited in a report on Friday, May 12th. SunTrust Banks, Inc. increased their price target on shares of Triton International Limited from $28.00 to $30.00 and gave the stock a buy rating in a report on Friday, April 7th. Cowen and Company reissued an outperform rating and issued a $40.00 price target on shares of Triton International Limited in a report on Monday, May 15th. Finally, Bank of America Corporation reissued a buy rating and issued a $36.00 price target (up previously from $32.00) on shares of Triton International Limited in a report on Monday, May 15th. One equities research analyst has 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 target price of $34.00.

Triton International Limited (TRTN) opened at 36.57 on Thursday. The company has a 50-day moving average of $33.61 and a 200 day moving average of $27.78. Triton International Limited has a 52-week low of $11.50 and a 52-week high of $36.94.

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In other news, Director Robert W. Alspaugh sold 5,525 shares of the company’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $29.91, for a total value of $165,252.75. Following the completion of the sale, the director now owns 28,487 shares of the company’s stock, valued at approximately $852,046.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kevin Valentine sold 2,000 shares of the company’s stock in a transaction 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 directly owns 67,705 shares of the company’s stock, valued at approximately $1,861,887.50. The disclosure for this sale can be found here. Insiders sold a total of 15,525 shares of company stock valued at $470,233 in the last ninety days.

Large investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp raised its position in shares of Triton International Limited by 1.3% in the first quarter. Bank of New York Mellon Corp now owns 244,857 shares of the company’s stock valued at $6,316,000 after buying an additional 3,096 shares during the period. American International Group Inc. raised its position in shares of 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 last quarter. Russell Investments Group Ltd. raised its position in shares of Triton International Limited by 21.3% in the second quarter. Russell Investments Group Ltd. now owns 33,399 shares of the company’s stock valued at $1,117,000 after buying an additional 5,862 shares during the last quarter. Peregrine Capital Management LLC raised its position in shares of Triton International Limited by 2.0% in the second quarter. Peregrine Capital Management LLC now owns 317,896 shares of the company’s stock valued at $10,630,000 after buying an additional 6,365 shares during the last quarter. Finally, Karp Capital Management Corp acquired a new position in shares of Triton International Limited during the first quarter valued at about $221,000.

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Analyst Recommendations for Triton International Limited (NASDAQ:TRTN)

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