Massachusetts Financial Services Co. MA Has $8.66 Million Holdings in Textainer Group Holdings (TGH)


Massachusetts Financial Services Co. MA lowered its position in Textainer Group Holdings (NYSE:TGH) by 3.0% in the first quarter, HoldingsChannel.com reports. The fund owned 510,850 shares of the transportation company’s stock after selling 16,067 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Textainer Group were worth $8,659,000 at the end of the most recent reporting period.


Several other institutional investors have also recently modified their holdings of TGH. Monarch Partners Asset Management LLC raised its position in shares of Textainer Group by 1.8% during the 1st quarter. Monarch Partners Asset Management LLC now owns 296,264 shares of the transportation company’s stock worth $5,022,000 after purchasing an additional 5,339 shares during the last quarter. California Public Employees Retirement System raised its position in shares of Textainer Group by 13.3% during the 3rd quarter. California Public Employees Retirement System now owns 53,346 shares of the transportation company’s stock worth $915,000 after purchasing an additional 6,246 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Textainer Group during the 4th quarter worth about $186,000. Atria Investments LLC acquired a new position in shares of Textainer Group during the 4th quarter worth about $200,000. Finally, Bank of New York Mellon Corp raised its position in shares of Textainer Group by 9.1% during the 4th quarter. Bank of New York Mellon Corp now owns 114,713 shares of the transportation company’s stock worth $2,466,000 after purchasing an additional 9,605 shares during the last quarter. Institutional investors and hedge funds own 25.90% of the company’s stock.


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Several research firms recently weighed in on TGH. TheStreet downgraded shares of Textainer Group from a “c-” rating to a “d+” rating in a research report on Tuesday, February 20th. ValuEngine upgraded shares of Textainer Group from a “hold” rating to a “buy” rating in a research report on Friday, May 4th. Compass Point began coverage on shares of Textainer Group in a research report on Monday, April 23rd. They set a “neutral” rating and a $17.00 price target for the company. Zacks Investment Research downgraded shares of Textainer Group from a “buy” rating to a “hold” rating in a research report on Wednesday, April 25th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $21.00 price target on shares of Textainer Group in a research report on Friday, February 16th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $23.00.


TGH stock opened at $17.95 on Tuesday. The stock has a market capitalization of $993.49 million, a price-to-earnings ratio of 43.78 and a beta of 2.50. The company has a debt-to-equity ratio of 2.38, a current ratio of 0.91 and a quick ratio of 0.91. Textainer Group Holdings has a 12 month low of $10.15 and a 12 month high of $26.50.

Textainer Group (NYSE:TGH) last released its quarterly earnings data on Tuesday, May 8th. The transportation company reported $0.30 EPS for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.01). The business had revenue of $133.20 million during the quarter, compared to analyst estimates of $131.84 million. Textainer Group had a net margin of 8.88% and a return on equity of 4.10%. The firm’s revenue was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.16) EPS. sell-side analysts expect that Textainer Group Holdings will post 1.34 earnings per share for the current year.


Textainer Group Company 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 owns and leases standard dry freight containers, refrigerated, and other special-purpose containers.

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

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