Donald Smith & CO. Inc. Purchases Shares of 211,500 Triton International Ltd (NYSE:TRTN)

Donald Smith & CO. Inc. purchased a new stake in Triton International Ltd (NYSE:TRTN) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 211,500 shares of the company’s stock, valued at approximately $5,472,000. Donald Smith & CO. Inc. owned approximately 0.30% of Triton International at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. State Street Corp lifted its stake in shares of Triton International by 1.9% during the third quarter. State Street Corp now owns 1,208,074 shares of the company’s stock valued at $40,881,000 after buying an additional 22,297 shares during the period. Bank of America Corp DE lifted its stake in shares of Triton International by 2.0% during the fourth quarter. Bank of America Corp DE now owns 174,179 shares of the company’s stock valued at $7,001,000 after buying an additional 3,383 shares during the period. Arizona State Retirement System purchased a new position in shares of Triton International during the first quarter valued at approximately $307,000. Robeco Institutional Asset Management B.V. lifted its stake in shares of Triton International by 72.6% during the first quarter. Robeco Institutional Asset Management B.V. now owns 115,289 shares of the company’s stock valued at $2,983,000 after buying an additional 48,495 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in shares of Triton International by 10.8% during the first quarter. Victory Capital Management Inc. now owns 330,510 shares of the company’s stock valued at $8,550,000 after buying an additional 32,342 shares during the period. 63.40% of the stock is currently owned by institutional investors and hedge funds.

In other Triton International news, Director Claude Germain acquired 2,000 shares of the company’s stock in a transaction dated Thursday, March 12th. The stock was bought at an average price of $22.65 per share, with a total value of $45,300.00. Following the completion of the transaction, the director now directly owns 41,610 shares of the company’s stock, valued at $942,466.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.70% of the stock is owned by corporate insiders.

Separately, ValuEngine downgraded shares of Triton International from a “sell” rating to a “strong sell” rating in a research note on Friday, May 1st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. Triton International presently has a consensus rating of “Hold” and an average price target of $41.25.

NYSE:TRTN traded up $0.50 during trading hours on Tuesday, reaching $31.49. 12,396 shares of the company were exchanged, compared to its average volume of 392,075. The company has a debt-to-equity ratio of 3.38, a current ratio of 1.83 and a quick ratio of 1.83. The firm has a market cap of $2.13 billion, a price-to-earnings ratio of 7.30, a PEG ratio of 0.79 and a beta of 2.07. Triton International Ltd has a 52-week low of $19.80 and a 52-week high of $40.81. The stock has a 50 day simple moving average of $29.14 and a 200 day simple moving average of $34.14.

Triton International (NYSE:TRTN) last posted its quarterly earnings results on Friday, April 24th. The company reported $0.93 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.03 by ($0.10). The company had revenue of $321.50 million for the quarter, compared to analysts’ expectations of $327.04 million. Triton International had a return on equity of 16.00% and a net margin of 25.06%. The business’s revenue for the quarter was down 5.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.19 EPS. On average, analysts predict that Triton International Ltd will post 3.85 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 11th will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 6.61%. The ex-dividend date is Wednesday, June 10th. Triton International’s payout ratio is currently 45.51%.

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.

Further Reading: Straddles

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

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