Textainer Group (NYSE:TGH) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of Textainer Group (NYSE:TGH) in a research report report published on Wednesday morning. The firm issued a hold rating on the transportation company’s stock.

Textainer Group Stock Performance

Shares of TGH opened at $49.99 on Wednesday. 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 stock has a market cap of $2.12 billion, a price-to-earnings ratio of 11.55 and a beta of 1.01. The company has a 50-day moving average of $49.94 and a two-hundred day moving average of $48.14. Textainer Group has a one year low of $30.22 and a one year high of $50.15.

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

Textainer Group Dividend Announcement

The firm also recently declared 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 27.71%.

Institutional Investors Weigh In On Textainer Group

A number of large investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC bought a new position in Textainer Group during the third quarter worth about $33,000. NBC Securities Inc. bought a new position in Textainer Group during the third quarter worth about $42,000. Adirondack Trust Co. bought a new position in Textainer Group during the third quarter worth about $48,000. Point72 Hong Kong Ltd bought a new position in Textainer Group during the first quarter worth about $53,000. Finally, Longfellow Investment Management Co. LLC bought a new position in Textainer Group during the fourth quarter worth about $69,000. 44.28% of the stock is currently owned by institutional investors.

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.