Stratos Wealth Partners LTD. Acquires New Position in Textainer Group Holdings Limited (NYSE:TGH)

Stratos Wealth Partners LTD. acquired a new stake in shares of Textainer Group Holdings Limited (NYSE:TGH) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 4,671 shares of the transportation company’s stock, valued at approximately $230,000.

Other large investors also recently modified their holdings of the company. Capital Management Corp VA increased its stake in Textainer Group by 128.9% in 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 Textainer Group by 166.8% in the 4th quarter. Millennium Management LLC now owns 275,216 shares of the transportation company’s stock worth $8,534,000 after purchasing an additional 172,072 shares during the period. Renaissance Technologies LLC increased its stake in Textainer Group by 374.7% in the 2nd quarter. Renaissance Technologies LLC now owns 144,300 shares of the transportation company’s stock worth $3,955,000 after purchasing an additional 113,900 shares during the period. Verition Fund Management LLC increased its stake in Textainer Group by 92.6% in the 1st quarter. Verition Fund Management LLC now owns 201,498 shares of the transportation company’s stock worth $7,671,000 after purchasing an additional 96,866 shares during the period. Finally, Invesco Ltd. increased its stake in Textainer Group by 8.4% in the 1st quarter. Invesco Ltd. now owns 1,229,197 shares of the transportation company’s stock worth $46,796,000 after purchasing an additional 95,635 shares during the period. 44.28% of the stock is owned by hedge funds and other institutional investors.

Textainer Group Price Performance

TGH opened at $49.99 on Wednesday. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.14 and a current ratio of 1.16. Textainer Group Holdings Limited has a 52-week low of $30.22 and a 52-week high of $50.15. The stock has a market capitalization of $2.12 billion, a PE ratio of 11.55 and a beta of 1.01. The stock’s 50 day moving average price is $49.93 and its 200-day moving average price is $48.12.

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

Textainer Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a dividend of $0.30 per share. The ex-dividend date was Thursday, February 29th. This represents a $1.20 annualized dividend and a dividend yield of 2.40%. Textainer Group’s dividend payout ratio (DPR) is presently 27.71%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Textainer Group in a research note on Wednesday. They issued a “hold” rating on the stock.

Textainer Group 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.