Dimensional Fund Advisors LP recently announced the acquisition of new stake in Triton International Limited (NYSE:TRTN). The institutional investor has increased its shareholding in the Industrials company by 0.79% to 4.51 million shares with purchase of 35250.0 shares. This fresh investment now brings its stake to 7.66% valued currently at $304.07 million. In addition, Charles Schwab Investment Managem raised its holdings by 2829.0 to 0.72 million shares. And Norges Bank Investment Management has lifted its position by 4.17% or 27000.0 shares – to 0.67 million shares.
With over 0.38 million Triton International Limited (TRTN) shares trading Tuesday and a closing price of $70.99 on the day, the dollar volume was approximately $27.15 million. The shares have shown a positive half year performance of 32.03% and its price on 01/10/23 gained nearly 0.25%. Currently, there are 61.03M common shares owned by the public and among those 57.54M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 4 analysts who have offered their price forecasts for TRTN have a consensus price objective of $76.25. The analysts have set the share’s price value over the next 12 months at a high of $86.00 and a low of $61.00. The average price target is 6.9% above its recent price level and a downside to the estimated low will see the stock lose -16.38% over that period. But an upside of 17.45% will see the stock hit the forecast high price target while median target price for the stock is $79.00.
Insiders at the company have transacted a total of 21 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 17 of these insider trades were purchases, accounting for 88,101 shares. Insider sales of the common stock occurred on 4 occasions, with total insider shares sold totaling 21,640 shares.
The top 3 mutual fund holders in Triton International Limited are Vanguard Total Stock Market Index, Vanguard Small Cap Index Fund, and DFA US Small Cap Value Portfolio. Vanguard Total Stock Market Index owns 1.85 million shares of the company’s stock, all valued at over $125.05 million. The company bought an additional 1970.0 shares recently to bring their total holdings to about 3.15% of the shares outstanding. Vanguard Small Cap Index Fund bought 2432.0 shares to see its total holdings expand to 1.6 million shares valued at over $108.13 million and representing 2.73% of the shares outstanding. DFA US Small Cap Value Portfolio bought 22187.0 shares to bring its total holdings to over 1.49 million shares at a value of $100.7 million. DFA US Small Cap Value Portfolio now owns shares totaling to 2.54% of the shares outstanding.
Shares of Triton International Limited (NYSE: TRTN) opened at $70.75, down -$0.06 from a prior closing price of $70.81. However, the script later moved the day high at 71.15, up 0.25%. The company’s stock has a 5-day price change of 2.94% and 29.78% over the past three months. TRTN shares are trading 3.21% year to date (YTD), with the 12-month market performance up to 14.96% higher. It has a 12-month low price of $48.64 and touched a high of $72.34 over the same period. TRTN has an average intraday trading volume of 451.55K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 3.22%, 7.28%, and 15.07% respectively.
Institutional ownership of Triton International Limited (NYSE: TRTN) shares accounts for 67.90% of the company’s 61.03M shares outstanding. Mutual fund holders own 40.76%, while other institutional holders and individual stakeholders account for 58.30% and 25.59% respectively.
It has a market capitalization of $4.13B and a beta (3y monthly) value of 1.44. The stock’s trailing 12-month PE ratio is 6.32, while the earnings-per-share (ttm) stands at $11.22. The company has a PEG of 0.63 and the debt-to-equity ratio at 3.26. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.45% over the week and 1.75% over the month.
Analysts forecast that Triton International Limited (TRTN) will achieve an EPS of $2.79 for the current quarter, $2.72 for the next quarter and $10.57 for 2023. The lowest estimate earnings-per-share for the quarter is $2.76 while analysts give the company a high EPS estimate of $2.82. Comparatively, EPS for the current quarter was $2.43 a year ago. Earnings per share for the fiscal year are expected to increase by 73.70%, and -8.04% over the next financial year. EPS should shrink at an annualized rate of 10.00% over the next five years, compared to 99.90% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 4 brokerage firm advisors rate Triton International Limited (TRTN) as a “Moderate Buy” at a consensus score of 2.50. Specifically, 3 Wall Street analysts polled rate the stock as a buy, while 0 of the 4 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the TRTN, a number of firms have released research notes about the stock. BofA Securities stated their Underperform rating for the stock in a research note on April 08, 2022, with the firm’s price target at $53. B. Riley Securities coverage for the Triton International Limited (TRTN) stock in a research note released on June 09, 2021 offered a Buy rating with a price target of $70. BofA Securities on their part issued Buy rating on July 24, 2020.
