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

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

Textainer Group Stock Performance

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

Textainer Group (NYSE:TGH) last announced its quarterly earnings data on Tuesday, February 13th. The transportation company reported $1.13 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $195.71 million. Textainer Group’s revenue was down 6.3% on a year-over-year basis. As a group, equities analysts forecast that Textainer Group will post 4.89 EPS for the current year.

Institutional Inflows and Outflows

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

About Textainer Group

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.