Westside Investment Management Inc. Grows Stake in Triton International Ltd (TRTN)

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Westside Investment Management Inc. lifted its holdings in Triton International Ltd (NYSE:TRTN) by 183.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 4,400 shares of the company’s stock after buying an additional 2,847 shares during the quarter. Westside Investment Management Inc.’s holdings in Triton International were worth $143,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in TRTN. Raymond James & Associates boosted its holdings in shares of Triton International by 45.6% in the 2nd quarter. Raymond James & Associates now owns 35,874 shares of the company’s stock valued at $1,100,000 after purchasing an additional 11,236 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Triton International by 34.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 275,531 shares of the company’s stock valued at $8,448,000 after purchasing an additional 70,702 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Triton International by 8.6% during the 2nd quarter. Northern Trust Corp now owns 613,859 shares of the company’s stock valued at $18,821,000 after acquiring an additional 48,805 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Triton International by 33.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 24,275 shares of the company’s stock valued at $808,000 after acquiring an additional 6,050 shares in the last quarter. Finally, Quad Cities Investment Group LLC boosted its holdings in shares of Triton International by 28.1% during the 3rd quarter. Quad Cities Investment Group LLC now owns 12,121 shares of the company’s stock valued at $401,000 after acquiring an additional 2,656 shares in the last quarter. Hedge funds and other institutional investors own 65.86% of the company’s stock.

Several equities research analysts recently weighed in on TRTN shares. Zacks Investment Research raised Triton International from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a report on Wednesday, November 28th. ValuEngine raised Triton International from a “sell” rating to a “hold” rating in a report on Wednesday, January 30th. Finally, Bank of America downgraded Triton International from a “buy” rating to an “underperform” rating and cut their price objective for the company from $35.00 to $32.00 in a report on Monday, February 4th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. Triton International currently has an average rating of “Hold” and an average target price of $38.33.

Shares of NYSE TRTN traded up $0.39 during mid-day trading on Tuesday, hitting $33.13. 1,351 shares of the stock traded hands, compared to its average volume of 464,807. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 3.13. Triton International Ltd has a twelve month low of $27.76 and a twelve month high of $39.56. The company has a market cap of $2.65 billion, a price-to-earnings ratio of 11.94, a price-to-earnings-growth ratio of 0.71 and a beta of 2.39.

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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 freight, refrigerated, special, and tank containers; and chassis used for the transportation of containers, as well as manages containers owned by third parties.

See Also: What is Net Asset Value (NAV)?

Want to see what other hedge funds are holding TRTN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Triton International Ltd (NYSE:TRTN).

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

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