Compass Point set a $38.00 price target on Triton International (NYSE:TRTN) in a report published on Friday, TipRanks reports. The firm currently has a buy rating on the stock.

A number of other research firms also recently commented on TRTN. TheStreet upgraded shares of Triton International from a d- rating to a c rating in a research report on Friday, July 12th. Zacks Investment Research downgraded shares of Guaranty Federal Bancshares from a hold rating to a sell rating in a research report on Tuesday, April 23rd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $35.25.

Shares of TRTN stock traded up $0.09 during midday trading on Friday, reaching $32.43. 7,920 shares of the company were exchanged, compared to its average volume of 317,731. Triton International has a 12 month low of $28.20 and a 12 month high of $39.56. The stock has a market capitalization of $2.39 billion, a P/E ratio of 7.17, a P/E/G ratio of 0.69 and a beta of 2.26. The business has a 50 day simple moving average of $32.33. The company has a debt-to-equity ratio of 3.34, a quick ratio of 1.89 and a current ratio of 1.89.

Triton International (NYSE:TRTN) last released its quarterly earnings results on Thursday, July 25th. The company reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.05. Triton International had a net margin of 24.70% and a return on equity of 16.21%. The company had revenue of $338.60 million for the quarter, compared to the consensus estimate of $345.61 million. During the same period in the previous year, the firm earned $1.10 EPS. Triton International’s revenue was up 2.7% on a year-over-year basis. Equities research analysts predict that Triton International will post 4.67 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, September 5th will be issued a $0.52 dividend. The ex-dividend date is Wednesday, September 4th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 6.41%. Triton International’s payout ratio is currently 46.02%.

In other Triton International news, Director Claude Germain bought 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were acquired at an average cost of $26.68 per share, for a total transaction of $53,360.00. Following the acquisition, the director now directly owns 2,000 shares of the company’s stock, valued at $53,360. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 1.60% of the stock is owned by insiders.

Several hedge funds have recently added to or reduced their stakes in the company. MML Investors Services LLC raised its holdings in shares of Triton International by 7.4% during the fourth quarter. MML Investors Services LLC now owns 7,085 shares of the company’s stock valued at $220,000 after acquiring an additional 487 shares during the period. Quad Cities Investment Group LLC raised its holdings in shares of Triton International by 8.6% during the first quarter. Quad Cities Investment Group LLC now owns 13,210 shares of the company’s stock valued at $409,000 after acquiring an additional 1,050 shares during the period. Strs Ohio raised its holdings in shares of Triton International by 2.3% during the second quarter. Strs Ohio now owns 48,100 shares of the company’s stock valued at $1,575,000 after acquiring an additional 1,100 shares during the period. Commonwealth Equity Services LLC raised its holdings in shares of Triton International by 12.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 11,213 shares of the company’s stock valued at $348,000 after acquiring an additional 1,208 shares during the period. Finally, Legal & General Group Plc raised its holdings in shares of Triton International by 6.9% during the fourth quarter. Legal & General Group Plc now owns 20,240 shares of the company’s stock valued at $629,000 after acquiring an additional 1,301 shares during the period. Institutional investors and hedge funds own 60.54% of the company’s stock.

Triton International Company 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, refrigerated, special, and tank containers; and chassis used for the transportation of intermodal containers, as well as provides container management services.

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