Citigroup Inc. Sells 12,704 Shares of Textainer Group Holdings Limited (NYSE:TGH)

Citigroup Inc. trimmed its holdings in shares of Textainer Group Holdings Limited (NYSE:TGHFree Report) by 90.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,277 shares of the transportation company’s stock after selling 12,704 shares during the quarter. Citigroup Inc.’s holdings in Textainer Group were worth $48,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Capital Management Corp VA increased its holdings in Textainer Group by 128.9% during the 3rd quarter. Capital Management Corp VA now owns 342,707 shares of the transportation company’s stock worth $12,766,000 after purchasing an additional 192,996 shares during the period. Millennium Management LLC increased its stake in shares of Textainer Group by 166.8% during the fourth quarter. Millennium Management LLC now owns 275,216 shares of the transportation company’s stock valued at $8,534,000 after buying an additional 172,072 shares during the period. Renaissance Technologies LLC increased its stake in shares of Textainer Group by 374.7% during the second quarter. Renaissance Technologies LLC now owns 144,300 shares of the transportation company’s stock valued at $3,955,000 after buying an additional 113,900 shares during the period. Verition Fund Management LLC lifted its stake in Textainer Group by 92.6% in the first quarter. Verition Fund Management LLC now owns 201,498 shares of the transportation company’s stock worth $7,671,000 after acquiring an additional 96,866 shares during the period. Finally, Invesco Ltd. grew its holdings in Textainer Group by 8.4% during the 1st quarter. Invesco Ltd. now owns 1,229,197 shares of the transportation company’s stock worth $46,796,000 after acquiring an additional 95,635 shares in the last quarter. 44.28% of the stock is owned by hedge funds and other institutional investors.

Textainer Group Stock Performance

Shares of NYSE TGH opened at $49.99 on Wednesday. Textainer Group Holdings Limited has a 1-year low of $30.22 and a 1-year high of $50.15. The business has a fifty day moving average price of $49.87 and a 200 day moving average price of $47.27. The stock has a market capitalization of $2.12 billion, a P/E 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 (NYSE:TGHGet Free Report) last released its quarterly earnings results on Tuesday, February 13th. The transportation company reported $1.13 EPS for the quarter, beating the consensus estimate of $1.05 by $0.08. Textainer Group had a net margin of 26.57% and a return on equity of 12.86%. The business had revenue of $190.10 million during the quarter, compared to analyst estimates of $195.71 million. The firm’s revenue was down 6.3% on a year-over-year basis. Equities research analysts expect that Textainer Group Holdings Limited will post 4.89 EPS for the current fiscal year.

Textainer Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.40%. The ex-dividend date of this dividend was Thursday, February 29th. Textainer Group’s dividend payout ratio is currently 27.71%.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Textainer Group in a report on Monday. They issued a “hold” rating for the company.

Get Our Latest Analysis on TGH

Textainer Group Profile

(Free Report)

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.

See Also

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

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