Textainer Group Holdings Limited (NYSE:TGH) Shares Sold by M&T Bank Corp

M&T Bank Corp lessened its position in Textainer Group Holdings Limited (NYSE:TGHGet Rating) by 6.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,815 shares of the transportation company’s stock after selling 824 shares during the period. M&T Bank Corp’s holdings in Textainer Group were worth $323,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of TGH. Principal Street Partners LLC acquired a new position in Textainer Group during the first quarter worth approximately $590,000. Monarch Partners Asset Management LLC increased its position in Textainer Group by 27.1% during the first quarter. Monarch Partners Asset Management LLC now owns 89,771 shares of the transportation company’s stock worth $3,418,000 after purchasing an additional 19,120 shares during the last quarter. Qube Research & Technologies Ltd increased its position in Textainer Group by 32.9% during the first quarter. Qube Research & Technologies Ltd now owns 30,532 shares of the transportation company’s stock worth $1,162,000 after purchasing an additional 7,556 shares during the last quarter. Toronto Dominion Bank acquired a new position in Textainer Group during the first quarter worth approximately $114,000. Finally, Donald Smith & CO. Inc. increased its position in Textainer Group by 12.3% during the first quarter. Donald Smith & CO. Inc. now owns 1,567,828 shares of the transportation company’s stock worth $59,687,000 after purchasing an additional 171,338 shares during the last quarter. Institutional investors and hedge funds own 37.86% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Textainer Group in a research report on Wednesday, October 12th. They set a “buy” rating for the company.

Textainer Group Price Performance

Textainer Group stock opened at $30.94 on Tuesday. Textainer Group Holdings Limited has a 52-week low of $25.47 and a 52-week high of $41.89. The firm has a fifty day moving average of $28.92 and a 200-day moving average of $30.23. The firm has a market capitalization of $1.54 billion, a P/E ratio of 5.00 and a beta of 1.36. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 3.13.

Textainer Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Friday, December 2nd will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.23%. The ex-dividend date of this dividend is Thursday, December 1st. Textainer Group’s payout ratio is currently 16.16%.

Textainer Group Company Profile

(Get Rating)

Textainer Group Holdings Limited, through its subsidiaries, purchases, owns, manages, leases, and disposes 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.

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Institutional Ownership by Quarter for Textainer Group (NYSE:TGH)

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