Textainer Group Holdings Limited (NYSE:TGH) Stock Holdings Reduced by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lowered its stake in Textainer Group Holdings Limited (NYSE:TGH) by 9.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,086 shares of the transportation company’s stock after selling 1,026 shares during the period. Janney Montgomery Scott LLC’s holdings in Textainer Group were worth $397,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in TGH. International Assets Investment Management LLC acquired a new stake in shares of Textainer Group in the first quarter worth about $47,000. Compagnie Lombard Odier SCmA acquired a new stake in shares of Textainer Group in the first quarter worth about $51,000. Point72 Hong Kong Ltd acquired a new stake in shares of Textainer Group in the first quarter worth about $53,000. Ellevest Inc. lifted its position in shares of Textainer Group by 198.3% in the first quarter. Ellevest Inc. now owns 2,079 shares of the transportation company’s stock worth $67,000 after buying an additional 1,382 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its position in shares of Textainer Group by 115.4% in the third quarter. Public Employees Retirement System of Ohio now owns 3,028 shares of the transportation company’s stock worth $81,000 after buying an additional 1,622 shares during the last quarter. Institutional investors and hedge funds own 44.28% of the company’s stock.

Textainer Group Trading Up 0.1 %

Textainer Group stock opened at $49.10 on Wednesday. The business has a 50 day moving average price of $39.29 and a two-hundred day moving average price of $38.87. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.88. The stock has a market cap of $2.08 billion, a price-to-earnings ratio of 9.03 and a beta of 1.23. Textainer Group Holdings Limited has a 12 month low of $28.30 and a 12 month high of $49.60.

Textainer Group (NYSE:TGH) last posted its quarterly earnings results on Tuesday, August 1st. The transportation company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.15 by $0.05. The firm had revenue of $192.20 million during the quarter, compared to analysts’ expectations of $193.68 million. Textainer Group had a return on equity of 15.61% and a net margin of 33.09%. The company’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.63 EPS. As a group, equities analysts forecast that Textainer Group Holdings Limited will post 4.68 EPS for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on TGH. B. Riley cut Textainer Group from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $55.00 to $50.00 in a research report on Monday, October 23rd. Keefe, Bruyette & Woods cut Textainer Group from an “outperform” rating to a “market perform” rating and boosted their price objective for the stock from $40.00 to $45.00 in a research report on Thursday, July 27th. Finally, StockNews.com cut Textainer Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 24th.

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.