Bank of New York Mellon Corp boosted its stake in Triton International Ltd (NYSE:TRTN) by 34.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 275,531 shares of the company’s stock after purchasing an additional 70,702 shares during the quarter. Bank of New York Mellon Corp’s holdings in Triton International were worth $8,448,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Wells Fargo & Company MN increased its holdings in Triton International by 1.5% in the first quarter. Wells Fargo & Company MN now owns 242,663 shares of the company’s stock valued at $7,426,000 after purchasing an additional 3,489 shares during the last quarter. SG Americas Securities LLC bought a new stake in Triton International in the first quarter valued at about $165,000. Victory Capital Management Inc. bought a new stake in Triton International in the first quarter valued at about $165,000. Schwab Charles Investment Management Inc. increased its holdings in Triton International by 12.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 330,827 shares of the company’s stock valued at $10,124,000 after purchasing an additional 37,343 shares during the last quarter. Finally, Neuberger Berman Group LLC increased its holdings in Triton International by 56.8% in the first quarter. Neuberger Berman Group LLC now owns 44,850 shares of the company’s stock valued at $1,373,000 after purchasing an additional 16,255 shares during the last quarter. Institutional investors and hedge funds own 65.19% of the company’s stock.

Shares of Triton International stock opened at $37.35 on Friday. Triton International Ltd has a 1 year low of $27.76 and a 1 year high of $43.85. The stock has a market capitalization of $3.05 billion, a price-to-earnings ratio of 13.44, a price-to-earnings-growth ratio of 0.87 and a beta of 3.10. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 3.12.

Triton International (NYSE:TRTN) last announced its quarterly earnings results on Friday, August 3rd. The company reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.04. Triton International had a return on equity of 14.30% and a net margin of 35.39%. The company had revenue of $329.80 million during the quarter, compared to the consensus estimate of $330.49 million. During the same period in the prior year, the company earned $0.63 earnings per share. The company’s revenue for the quarter was up 17.0% compared to the same quarter last year. research analysts predict that Triton International Ltd will post 4.35 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 25th. Shareholders of record on Tuesday, September 4th were issued a $0.52 dividend. The ex-dividend date of this dividend was Friday, August 31st. This represents a $2.08 annualized dividend and a dividend yield of 5.57%. Triton International’s dividend payout ratio (DPR) is currently 74.82%.

A number of equities research analysts recently commented on TRTN shares. ValuEngine upgraded Triton International from a “strong sell” rating to a “sell” rating in a report on Friday, August 10th. Keefe, Bruyette & Woods upgraded Triton International from a “market perform” rating to an “outperform” rating in a report on Thursday, September 6th. Finally, Compass Point reiterated a “buy” rating and issued a $42.00 price objective on shares of Triton International in a report on Friday, August 3rd. One analyst has rated the stock with a sell rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $43.83.

In other Triton International news, VP Michelle Gallagher sold 2,900 shares of the stock in a transaction dated Monday, August 20th. The stock was sold at an average price of $38.01, for a total value of $110,229.00. Following the completion of the sale, the vice president now directly owns 13,209 shares in the company, valued at $502,074.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Pincus (Ganymede-Ii) P. Warburg sold 1,850,000 shares of the stock in a transaction dated Wednesday, September 5th. The stock was sold at an average price of $34.78, for a total value of $64,343,000.00. The disclosure for this sale can be found here. Insiders sold 1,859,000 shares of company stock valued at $64,672,429 over the last 90 days. Corporate insiders own 1.40% of the company’s stock.

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

Further Reading: NASDAQ

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 Ltd (NYSE:TRTN).

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

Receive News & Ratings for Triton International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Triton International and related companies with MarketBeat.com's FREE daily email newsletter.