Textainer Group Holdings Limited (TGH) Stake Increased by Northern Trust Corp

Northern Trust Corp increased its stake in Textainer Group Holdings Limited (NYSE:TGH) by 12.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 332,351 shares of the transportation company’s stock after buying an additional 35,668 shares during the quarter. Northern Trust Corp owned about 0.59% of Textainer Group worth $4,819,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Pacific Ridge Capital Partners LLC lifted its holdings in Textainer Group by 7.3% during the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 158,320 shares of the transportation company’s stock worth $2,296,000 after buying an additional 10,800 shares during the last quarter. Royce & Associates LP lifted its holdings in Textainer Group by 98.4% during the 2nd quarter. Royce & Associates LP now owns 763,190 shares of the transportation company’s stock worth $11,066,000 after buying an additional 378,600 shares during the last quarter. TIAA CREF Investment Management LLC lifted its holdings in Textainer Group by 17.5% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 72,669 shares of the transportation company’s stock worth $1,054,000 after buying an additional 10,822 shares during the last quarter. American International Group Inc. lifted its holdings in Textainer Group by 7.1% during the 1st quarter. American International Group Inc. now owns 13,970 shares of the transportation company’s stock worth $214,000 after buying an additional 926 shares during the last quarter. Finally, Rhumbline Advisers lifted its holdings in Textainer Group by 22.1% during the 2nd quarter. Rhumbline Advisers now owns 32,441 shares of the transportation company’s stock worth $470,000 after buying an additional 5,872 shares during the last quarter. 24.48% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have recently weighed in on TGH. Zacks Investment Research cut Textainer Group from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $16.00 price target on shares of Textainer Group in a research report on Thursday, August 10th. Cowen increased their price target on Textainer Group from $21.00 to $26.00 and gave the stock an “outperform” rating in a research report on Friday, November 10th. Wells Fargo & Company increased their price target on Textainer Group from $18.00 to $19.00 and gave the stock a “market perform” rating in a research report on Friday, October 20th. Finally, SunTrust Banks restated a “buy” rating and issued a $19.00 target price (up from $16.00) on shares of Textainer Group in a research report on Thursday, August 10th. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $24.40.

Textainer Group Holdings Limited (NYSE TGH) traded down $0.30 on Monday, reaching $22.20. The company had a trading volume of 257,442 shares, compared to its average volume of 327,768. Textainer Group Holdings Limited has a 12-month low of $7.40 and a 12-month high of $24.10. The company has a debt-to-equity ratio of 2.19, a quick ratio of 0.85 and a current ratio of 0.85.

Textainer Group (NYSE:TGH) last issued its quarterly earnings results on Thursday, November 9th. The transportation company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.19. Textainer Group had a negative return on equity of 0.44% and a net margin of 0.38%. The company had revenue of $125.60 million for the quarter, compared to analysts’ expectations of $122.87 million. During the same period last year, the firm earned ($0.92) EPS. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. research analysts expect that Textainer Group Holdings Limited will post 0.33 earnings per share for the current fiscal year.

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Textainer Group Company Profile

Textainer Group Holdings Limited is a holding company. The Company is involved in the purchase, ownership, management, leasing and disposal of a fleet of intermodal containers. The Company operates in three segments: Container Ownership, which owns containers; Container Management, which manages containers on behalf of affiliated and unaffiliated container investors, and provides acquisition, management and disposal services, and total managed containers, and Container Resale, which sells containers from its fleet when they reach the end of their useful lives in marine service, and also purchases and leases or resells containers from shipping line customers, container traders and other sellers of containers.

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

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