Textainer Group (NYSE:TGH) Research Coverage Started at StockNews.com

Analysts at StockNews.com started coverage on shares of Textainer Group (NYSE:TGH) in a note issued to investors on Wednesday. The brokerage set a “hold” rating on the transportation company’s stock.

Textainer Group Price Performance

NYSE:TGH opened at $49.99 on Wednesday. The firm’s 50-day moving average price is $49.93 and its 200-day moving average price is $48.12. The company has a market capitalization of $2.12 billion, a PE ratio of 11.55 and a beta of 1.01. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.16 and a quick ratio of 1.14. Textainer Group has a 1-year low of $30.22 and a 1-year high of $50.15.

Textainer Group (NYSE:TGH) last released its earnings results on Tuesday, February 13th. The transportation company reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.08. The firm had revenue of $190.10 million for the quarter, compared to the consensus estimate of $195.71 million. Textainer Group had a net margin of 26.57% and a return on equity of 12.86%. Textainer Group’s quarterly revenue was down 6.3% compared to the same quarter last year. On average, equities analysts predict that Textainer Group will post 4.89 EPS for the current fiscal year.

Hedge Funds Weigh In On Textainer Group

A number of hedge funds have recently bought and sold shares of the company. American Century Companies Inc. lifted its stake in Textainer Group by 16.7% during the 3rd quarter. American Century Companies Inc. now owns 646,618 shares of the transportation company’s stock valued at $24,087,000 after acquiring an additional 92,543 shares during the period. Quantedge Capital Pte Ltd grew its position in shares of Textainer Group by 279.5% during the 3rd quarter. Quantedge Capital Pte Ltd now owns 29,600 shares of the transportation company’s stock valued at $1,103,000 after acquiring an additional 21,800 shares during the period. Capital Management Corp VA grew its position in shares of Textainer Group by 128.9% during the 3rd quarter. Capital Management Corp VA now owns 342,707 shares of the transportation company’s stock valued at $12,766,000 after acquiring an additional 192,996 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Textainer Group by 9.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 271,073 shares of the transportation company’s stock valued at $10,097,000 after acquiring an additional 22,798 shares during the period. Finally, Prudential PLC grew its position in shares of Textainer Group by 9.4% during the 3rd quarter. Prudential PLC now owns 8,767 shares of the transportation company’s stock valued at $327,000 after acquiring an additional 750 shares during the period. Institutional investors own 44.28% of the company’s stock.

Textainer Group Company Profile

Textainer Group Holdings Limited, through its subsidiaries, engages in the purchase, ownership, management, leasing, and disposal of a fleet of intermodal containers worldwide. It operates through three segments: Container Ownership, Container Management, and Container Resale. The company's containers include standard and specialized dry freight, and refrigerated containers, as well as other special-purpose containers, which include tank, 45', pallet-wide, and other types of containers.