Allianz Asset Management GmbH boosted its holdings in Triton International Ltd (NYSE:TRTN) by 0.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 576,022 shares of the company’s stock after purchasing an additional 3,050 shares during the period. Allianz Asset Management GmbH’s holdings in Triton International were worth $19,164,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of TRTN. Stratos Wealth Partners LTD. bought a new stake in shares of Triton International in the third quarter valued at $180,000. IFP Advisors Inc raised its stake in shares of Triton International by 110.9% in the third quarter. IFP Advisors Inc now owns 5,752 shares of the company’s stock valued at $191,000 after buying an additional 3,024 shares during the period. MML Investors Services LLC bought a new stake in shares of Triton International in the third quarter valued at $219,000. Commonwealth Bank of Australia bought a new stake in shares of Triton International in the third quarter valued at $219,000. Finally, Private Advisor Group LLC bought a new stake in shares of Triton International in the third quarter valued at $223,000. 64.25% of the stock is currently owned by institutional investors and hedge funds.

Shares of TRTN opened at $32.84 on Friday. The firm has a market capitalization of $2.67 billion, a price-to-earnings ratio of 11.81, a PEG ratio of 0.76 and a beta of 2.84. The company has a debt-to-equity ratio of 3.13, a quick ratio of 1.38 and a current ratio of 1.38. Triton International Ltd has a 1 year low of $27.76 and a 1 year high of $42.41.

Triton International (NYSE:TRTN) last released its quarterly earnings data on Friday, November 2nd. The company reported $1.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.05. Triton International had a return on equity of 14.44% and a net margin of 37.41%. The company had revenue of $350.08 million for the quarter, compared to analyst estimates of $349.39 million. During the same period in the previous year, the company posted $0.81 EPS. The firm’s revenue for the quarter was up 15.9% compared to the same quarter last year. Research analysts anticipate that Triton International Ltd will post 4.42 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Monday, December 3rd will be paid a dividend of $0.52 per share. The ex-dividend date of this dividend is Friday, November 30th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 6.33%. Triton International’s payout ratio is 74.82%.

In related news, Director Global Ltd Bharti acquired 337,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 1st. The shares were bought at an average cost of $34.78 per share, for a total transaction of $11,720,860.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.40% of the company’s stock.

Several brokerages have issued reports on TRTN. Zacks Investment Research lowered Triton International from a “buy” rating to a “hold” rating in a research note on Friday, October 5th. Bank of America lowered their target price on Triton International from $41.00 to $38.00 and set a “buy” rating on the stock in a research note on Wednesday, October 10th. ValuEngine upgraded Triton International from a “strong sell” rating to a “sell” rating in a research note on Friday, August 10th. Keefe, Bruyette & Woods upgraded Triton International from a “market perform” rating to an “outperform” rating in a research note on Thursday, September 6th. Finally, Wells Fargo & Co lowered Triton International from an “outperform” rating to a “market perform” rating and set a $35.00 target price on the stock. in a research note on Friday, September 28th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $40.17.

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About Triton International

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 freight, refrigerated, special, and tank containers; and chassis used for the transportation of containers, as well as manages containers owned by third parties.

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

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