Triton International Limited (NASDAQ:TRTN) insider Kevin Valentine sold 2,000 shares of the stock in a transaction dated Friday, May 19th. The stock was 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 in the company, valued at $1,861,887.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Kevin Valentine also recently made the following trade(s):
- On Wednesday, May 17th, Kevin Valentine sold 2,000 shares of Triton International Limited stock. The stock was sold at an average price of $27.49, for a total transaction of $54,980.00.
Triton International Limited (NASDAQ:TRTN) traded up 4.180% during trading on Tuesday, reaching $29.681. 325,478 shares of the company were exchanged. Triton International Limited has a 12 month low of $11.50 and a 12 month high of $31.97. The stock has a 50 day moving average price of $28.11 and a 200 day moving average price of $22.97.
Triton International Limited (NASDAQ:TRTN) last posted its earnings results on Tuesday, March 14th. The company reported $0.21 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.21. The business had revenue of $259.50 million for the quarter, compared to analysts’ expectations of $251.91 million. The business’s quarterly revenue was up 50.0% on a year-over-year basis. Equities research analysts forecast that Triton International Limited will post $2.46 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 22nd. Shareholders of record on Thursday, June 1st will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, May 30th. This represents a $1.80 annualized dividend and a yield of 6.32%.
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A number of institutional investors have recently bought and sold shares of TRTN. Bank of New York Mellon Corp increased its position in 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. Advisory Services Network LLC acquired a new position in Triton International Limited during the first quarter valued at $1,067,000. Camelot Portfolios LLC increased its position in Triton International Limited by 22.4% in the first quarter. Camelot Portfolios LLC now owns 68,809 shares of the company’s stock valued at $1,775,000 after buying an additional 12,592 shares during the period. Russell Investments Group Ltd. increased its position in Triton International Limited by 159.8% in the first quarter. Russell Investments Group Ltd. now owns 27,537 shares of the company’s stock valued at $711,000 after buying an additional 16,937 shares during the period. Finally, Nisa Investment Advisors LLC acquired a new position in Triton International Limited during the first quarter valued at $366,000.
TRTN has been the topic of a number of research reports. SunTrust Banks, Inc. raised their target price on shares of Triton International Limited to $26.00 and gave the stock a “buy” rating in a research report on Wednesday, January 25th. Cowen and Company raised their target price on shares of Triton International Limited from $23.00 to $30.00 and gave the stock an “outperform” rating in a research report on Thursday, February 9th. Wells Fargo & Co initiated coverage on shares of Triton International Limited in a research report on Monday, February 13th. They set an “outperform” rating and a $30.00 target price on the stock. They noted that the move was a valuation call. Zacks Investment Research raised shares of Triton International Limited from a “hold” rating to a “strong-buy” rating and set a $26.00 target price on the stock in a research report on Tuesday, March 14th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $28.00 target price on shares of Triton International Limited in a research report on Friday, March 17th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Triton International Limited presently has a consensus rating of “Buy” and an average price target of $33.17.
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