Textainer Group Holdings Limited (NYSE:TGH) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund trimmed its holdings in shares of Textainer Group Holdings Limited (NYSE:TGH) by 16.9% during the third quarter, Holdings Channel reports. The firm owned 34,492 shares of the transportation company’s stock after selling 6,997 shares during the quarter. New York State Common Retirement Fund’s holdings in Textainer Group were worth $1,204,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of TGH. Lazard Asset Management LLC acquired a new stake in shares of Textainer Group during the second quarter worth $78,000. Creative Financial Designs Inc. ADV grew its position in shares of Textainer Group by 47.5% during the third quarter. Creative Financial Designs Inc. ADV now owns 2,950 shares of the transportation company’s stock worth $103,000 after acquiring an additional 950 shares during the last quarter. Steward Partners Investment Advisory LLC grew its position in shares of Textainer Group by 230.0% during the second quarter. Steward Partners Investment Advisory LLC now owns 3,300 shares of the transportation company’s stock worth $111,000 after acquiring an additional 2,300 shares during the last quarter. Pinz Capital Management LP bought a new position in shares of Textainer Group during the second quarter worth about $122,000. Finally, Penserra Capital Management LLC bought a new position in shares of Textainer Group during the second quarter worth about $136,000. 38.95% of the stock is currently owned by institutional investors.

Shares of TGH opened at $40.38 on Friday. The firm has a 50-day moving average price of $35.85 and a 200 day moving average price of $34.69. The firm has a market capitalization of $2.00 billion, a PE ratio of 8.38 and a beta of 1.30. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 3.35. Textainer Group Holdings Limited has a 52-week low of $17.40 and a 52-week high of $41.24.

Textainer Group (NYSE:TGH) last posted its quarterly earnings data on Thursday, November 4th. The transportation company reported $1.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.19 by $0.33. Textainer Group had a net margin of 35.11% and a return on equity of 19.02%. The company had revenue of $195.83 million during the quarter, compared to analyst estimates of $193.43 million. During the same quarter last year, the firm posted $0.41 EPS. On average, equities analysts expect that Textainer Group Holdings Limited will post 5.4 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 15th. Stockholders of record on Friday, December 3rd were given a dividend of $0.25 per share. This is a positive change from Textainer Group’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Thursday, December 2nd. This represents a $1.00 annualized dividend and a dividend yield of 2.48%. Textainer Group’s dividend payout ratio (DPR) is 20.75%.

TGH has been the subject of several recent research reports. TheStreet lowered shares of Textainer Group from a “b-” rating to a “c+” rating in a research report on Monday, November 22nd. Zacks Investment Research lowered shares of Textainer Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 7th. Finally, B. Riley increased their target price on shares of Textainer Group from $42.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, November 5th.

Textainer Group Company Profile

Textainer Group Holdings Ltd. engages in the purchase, management, leasing, and resale of a fleet of marine cargo containers. It operates through the following segments: Container Ownership, Container Management, and Container Resale. The Container Ownership segment consists primarily of standard dry freight containers and also includes special-purpose containers.

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

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