Textainer Group Holdings Ltd. (NYSE:TGH)’s share price fell 2.4% during trading on Wednesday . The company traded as low as $7.71 and last traded at $7.77, with a volume of 136,292 shares. The stock had previously closed at $7.96.

Several equities analysts recently issued reports on the stock. Cowen and Company dropped their target price on shares of Textainer Group Holdings from $15.00 to $13.00 and set a “market perform” rating on the stock in a report on Tuesday, August 9th. Zacks Investment Research lowered shares of Textainer Group Holdings from a “hold” rating to a “sell” rating in a report on Saturday, July 23rd. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company. The stock has a consensus rating of “Hold” and an average price target of $13.33.

The company has a market capitalization of $442.53 million, a PE ratio of 16.96 and a beta of 2.19. The firm’s 50 day moving average is $9.09 and its 200-day moving average is $11.98.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/21/textainer-group-holdings-ltd-tgh-trading-down-2-4.html

Textainer Group Holdings (NYSE:TGH) last announced its quarterly earnings results on Tuesday, August 9th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by $0.09. Textainer Group Holdings had a return on equity of 3.16% and a net margin of 5.08%. The company earned $127.45 million during the quarter, compared to the consensus estimate of $125.61 million. During the same quarter in the prior year, the firm earned $0.66 earnings per share. The business’s revenue was down 7.8% compared to the same quarter last year. On average, analysts predict that Textainer Group Holdings Ltd. will post $0.32 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 30th. Stockholders of record on Friday, August 19th were paid a $0.03 dividend. The ex-dividend date of this dividend was Wednesday, August 17th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.53%. Textainer Group Holdings’s dividend payout ratio is presently 26.09%.

Several hedge funds have recently made changes to their positions in the company. BlackRock Advisors LLC raised its stake in shares of Textainer Group Holdings by 1.3% in the second quarter. BlackRock Advisors LLC now owns 11,072 shares of the company’s stock worth $123,000 after buying an additional 144 shares in the last quarter. California State Teachers Retirement System raised its stake in shares of Textainer Group Holdings by 1.5% in the second quarter. California State Teachers Retirement System now owns 47,562 shares of the company’s stock worth $530,000 after buying an additional 702 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Textainer Group Holdings by 0.7% in the first quarter. Geode Capital Management LLC now owns 166,726 shares of the company’s stock worth $2,474,000 after buying an additional 1,172 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Textainer Group Holdings by 18.1% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,720 shares of the company’s stock worth $109,000 after buying an additional 1,181 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of Textainer Group Holdings by 17.6% in the second quarter. Victory Capital Management Inc. now owns 11,206 shares of the company’s stock worth $125,000 after buying an additional 1,675 shares in the last quarter. Hedge funds and other institutional investors own 13.99% of the company’s stock.

Textainer Group Holdings Company Profile

Textainer Group Holdings Limited (TGH) is a holding company. The Company is involved in the purchase, ownership, management, leasing and disposal of a fleet of intermodal containers. The Company is a lessor of intermodal containers based on fleet size, with a total fleet of more than 2.1 million containers.

5 Day Chart for NYSE:TGH

Receive News & Ratings for Textainer Group Holdings Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Textainer Group Holdings Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.