Textainer Group Holdings Ltd. (TGH) Trading Down 2.4%
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.
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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.
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