Triton International Limited (NYSE:TRTN) was the recipient of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 1,250,000 shares, an increase of 25.8% from the March 31st total of 993,800 shares. Approximately 1.9% of the shares of the stock are sold short. Based on an average daily volume of 530,800 shares, the days-to-cover ratio is currently 2.4 days.
In other Triton International news, Director Simon R. Vernon sold 12,757 shares of the company’s stock in a transaction on Thursday, April 15th. The stock was sold at an average price of $57.50, for a total value of $733,527.50. Following the completion of the sale, the director now directly owns 189,778 shares in the company, valued at approximately $10,912,235. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 1.70% of the stock is currently owned by company insiders.
Large investors have recently modified their holdings of the business. Captrust Financial Advisors lifted its position in shares of Triton International by 21.0% during the fourth quarter. Captrust Financial Advisors now owns 1,210 shares of the company’s stock worth $59,000 after purchasing an additional 210 shares in the last quarter. Fieldpoint Private Securities LLC acquired a new stake in Triton International during the 1st quarter worth approximately $77,000. Wedge Capital Management L L P NC purchased a new position in Triton International in the 4th quarter valued at approximately $229,000. Wedbush Securities Inc. acquired a new position in shares of Triton International in the first quarter worth $242,000. Finally, Amalgamated Bank purchased a new stake in shares of Triton International during the fourth quarter worth $250,000. Institutional investors own 72.17% of the company’s stock.
Shares of TRTN stock traded down $0.27 during trading hours on Tuesday, hitting $51.43. The company had a trading volume of 493,446 shares, compared to its average volume of 520,483. The company has a debt-to-equity ratio of 3.27, a current ratio of 1.25 and a quick ratio of 1.25. The stock has a market capitalization of $3.46 billion, a PE ratio of 14.53, a price-to-earnings-growth ratio of 0.86 and a beta of 1.85. The company’s fifty day moving average is $55.57 and its 200 day moving average is $49.67. Triton International has a fifty-two week low of $25.37 and a fifty-two week high of $61.88.
Triton International (NYSE:TRTN) last released its quarterly earnings results on Thursday, April 29th. The company reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.70 by $0.21. Triton International had a return on equity of 15.93% and a net margin of 22.11%. Equities analysts forecast that Triton International will post 4.35 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 24th. Investors of record on Thursday, June 10th will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 4.43%. The ex-dividend date is Wednesday, June 9th. Triton International’s dividend payout ratio (DPR) is 49.89%.
About Triton International
Triton International Limited engages in the acquisition, leasing, re-leasing, and sale of various types of intermodal containers and chassis to shipping lines, and freight forwarding companies and manufacturers. It operates in two segments, Equipment Leasing and Equipment Trading. The company primarily leases dry, refrigerated, special, and tank containers; and chassis used for the transportation of intermodal containers, as well as provides maritime container management services.
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