Systematic Financial Management LP Boosts Position in Triton International Limited (TRTN)

Systematic Financial Management LP increased its position in shares of Triton International Limited (NYSE:TRTN) by 215.9% during the 4th quarter, HoldingsChannel reports. The fund owned 1,127,335 shares of the company’s stock after acquiring an additional 770,431 shares during the period. Triton International accounts for about 0.8% of Systematic Financial Management LP’s holdings, making the stock its 18th largest position. Systematic Financial Management LP’s holdings in Triton International were worth $42,219,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TRTN. Russell Investments Group Ltd. lifted its stake in Triton International by 734.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 278,706 shares of the company’s stock worth $9,275,000 after acquiring an additional 245,307 shares in the last quarter. Hamilton Lane Advisors LLC acquired a new position in Triton International during the 4th quarter worth about $7,249,000. Boston Advisors LLC raised its position in Triton International by 41.3% in the 4th quarter. Boston Advisors LLC now owns 278,066 shares of the company’s stock valued at $10,414,000 after purchasing an additional 81,327 shares in the last quarter. Ameriprise Financial Inc. raised its position in Triton International by 10.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 881,693 shares of the company’s stock valued at $29,343,000 after purchasing an additional 80,998 shares in the last quarter. Finally, 361 Capital LLC acquired a new stake in Triton International in the 3rd quarter valued at about $2,167,000. 67.18% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Triton International Limited (NYSE TRTN) opened at $28.17 on Monday. The company has a debt-to-equity ratio of 3.34, a current ratio of 1.33 and a quick ratio of 1.33. The stock has a market capitalization of $2,272.95, a PE ratio of 13.16, a price-to-earnings-growth ratio of 0.75 and a beta of 2.58. Triton International Limited has a 12-month low of $21.77 and a 12-month high of $43.85.

In other news, Director Claude Germain sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $38.18, for a total transaction of $57,270.00. Following the sale, the director now owns 30,080 shares of the company’s stock, valued at approximately $1,148,454.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.50% of the stock is currently owned by company insiders.

A number of equities research analysts have issued reports on the company. ValuEngine lowered Triton International from a “buy” rating to a “hold” rating in a research report on Thursday. BidaskClub lowered Triton International from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 15th. Wells Fargo & Co increased their price target on Triton International from $42.00 to $45.00 and gave the company an “outperform” rating in a research report on Tuesday, November 14th. Zacks Investment Research raised Triton International from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research report on Tuesday, November 14th. Finally, SunTrust Banks increased their price target on Triton International from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, November 13th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Triton International currently has an average rating of “Buy” and a consensus target price of $44.00.

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Triton International Company Profile

Triton International Limited engages in the acquisition, leasing, re-leasing, and sale of various 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 freight containers, refrigerated containers, special containers, tank containers, and chassis, as well as manages containers owned by third parties.

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

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