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. “
A number of other research firms have also recently commented on TRTN. Cowen and Company upgraded Triton International Limited from a market perform rating to an outperform rating and upped their price objective for the company from $17.00 to $23.00 in a research report on Tuesday, November 22nd. Bank of America Corp. raised Triton International Limited from an underperform rating to a buy rating in a report on Monday, November 14th.
Triton International Limited (NASDAQ:TRTN) opened at 19.30 on Wednesday. Triton International Limited has a one year low of $8.15 and a one year high of $21.34. The company’s 50 day moving average price is $15.44 and its 200-day moving average price is $14.83.
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The business also recently declared a quarterly dividend, which will be paid on Thursday, December 22nd. Shareholders of record on Friday, December 2nd will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 9.33%. The ex-dividend date of this dividend is Wednesday, November 30th.
In related news, Director Kenneth Hanau purchased 10,000 shares of the business’s stock in a transaction on Wednesday, November 16th. The stock was acquired at an average price of $17.24 per share, with a total value of $172,400.00. Following the completion of the acquisition, the director now owns 29,225 shares of the company’s stock, valued at approximately $503,839. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Malcolm Baker purchased 3,000 shares of the business’s stock in a transaction on Tuesday, November 22nd. The shares were bought at an average cost of $21.23 per share, with a total value of $63,690.00. Following the acquisition, the director now directly owns 38,025 shares of the company’s stock, valued at approximately $807,270.75. The disclosure for this purchase can be found here.
Hedge funds have recently added to or reduced their stakes in the stock. Airain ltd acquired a new position in Triton International Limited during the third quarter worth $134,000. LSV Asset Management acquired a new position in Triton International Limited during the third quarter worth $22,140,000. Wedbush Securities Inc. acquired a new position in Triton International Limited during the third quarter worth $1,223,000. Camelot Portfolios LLC acquired a new position in Triton International Limited during the third quarter worth $707,000. Finally, UBS Asset Management Americas Inc. acquired a new position in Triton International Limited during the third quarter worth $186,000.
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