SG Americas Securities LLC Reduces Stake in Triton International Limited by 12.2%
August 13, 2023
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Triton International ($NYSE:TRTN) Limited is a global leader in the leasing and management of containers for the ocean shipping and intermodal freight transportation industry. They are one of the world’s largest lessors in terms of fleet size and revenue. The company is headquartered in Hamilton, Bermuda and listed on the New York Stock Exchange under the symbol “TRTN”. The filing does not provide any further information about the reasons for the reduced stake in Triton International.
The reduction of the stake in Triton International may have been part of an overall strategy to rebalance or diversify SG Americas portfolio, or it may have been a reaction to the stock’s performance since the beginning of the year. It is unclear at this time what SG Americas’ long-term plans for Triton International’s shares may be.
Analysis
At GoodWhale, we recently conducted an analysis of TRITON INTERNATIONAL’s wellbeing. We found that, based on our Risk Rating, TRITON INTERNATIONAL is a low risk investment in terms of financial and business aspects. However, upon further investigation, we have detected two risk warnings in their income sheet and balance sheet. To get a closer look at these warnings and how they might affect your decision to invest in TRITON INTERNATIONAL, register with us to check it out. We will provide you with up-to-date information and advice on the company’s risk profile. Overall, our analysis shows that TRITON INTERNATIONAL is a low risk investment. We strongly recommend that you register with us to access the latest data and advice on the company. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Triton International. More…
| Total Revenues | Net Income | Net Margin |
| 1.83k | 594.51 | 35.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Triton International. More…
| Operations | Investing | Financing |
| 1.46k | 37.45 | -1.51k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Triton International. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 11.71k | 8.44k | 59.39 |
Key Ratios Snapshot
Some of the financial key ratios for Triton International are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 9.1% | 27.8% | 39.3% |
| FCF Margin | ROE | ROA |
| 62.6% | 13.9% | 3.8% |
Peers
The competition between Triton International Ltd and its competitors, Touax, H&E Equipment Services Inc, and Bohai Leasing Co Ltd, is intense. All four companies are vying for the same customers and market share. Each company offers unique services and advantages that set them apart from each other, making the competition even more interesting.
– Touax ($LTS:0IXN)
Touax is a French industrial group that specializes in the leasing and sale of modular buildings, equipment, containers and river barges. It has a market cap of 57.8M as of 2023 and a Return on Equity of 20.2%. The company’s market cap reflects the company’s overall size and its ability to generate profits from its investments. Touax’s ROE indicates the efficiency of its operations and the effectiveness of its management in generating returns for its shareholders. The company has grown substantially in recent years, making its market cap and ROE even more impressive.
– H&E Equipment Services Inc ($NASDAQ:HEES)
H&E Equipment Services Inc. is a full-service material handling and construction equipment dealer serving the United States, Mexico and Canada. It is one of the largest integrated equipment services companies in the nation and offers a comprehensive range of products and services to its customers. The company has a market cap of 1.72 billion dollars as of 2023, which is reflective of its strong performance and financial stability. Furthermore, H&E Equipment Services Inc. has a Return on Equity (ROE) of 35.46%, which is an impressive figure that demonstrates the company’s effectiveness in generating profits from its shareholders’ investments.
– Bohai Leasing Co Ltd ($SZSE:000415)
Bohai Leasing Co Ltd is a Chinese based financial services company that specializes in providing leasing and rental services to corporate clients. The company has a market capitalization of 14.35B as of 2023 and a return on equity of 14.3%. This indicates that the company is making good use of its shareholders’ funds to generate returns, making it an attractive investment for potential investors. Bohai Leasing Co Ltd provides a variety of assets for leasing to its clients, including aircraft, ships, heavy machinery, and other industrial equipment. The company also provides a range of services related to the leasing process, such as lease management, asset management, and financial consulting.
Summary
Triton International Limited is a container leasing company, and recently SG Americas Securities LLC cut its stake in the company by 12.2%. As an investor, it is important to consider the company’s financials such as cash flow, earnings, balance sheet, and debt. Analyzing the company’s fundamentals will help determine if the stock is undervalued or overvalued.
Additionally, keep an eye on the company’s corporate news to stay up to date on the latest developments. Consider comparing performance to peers in the industry and make sure to watch for any new strategic initiatives that may affect the stock’s performance. Lastly, assess the risks associated with investing in Triton International Limited before making any decisions.
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