Massachusetts Financial Services Co. MA Has $9.25 Million Stake in Textainer Group Holdings Limited (TGH)

Massachusetts Financial Services Co. MA grew its stake in Textainer Group Holdings Limited (NYSE:TGH) by 29.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 722,540 shares of the transportation company’s stock after acquiring an additional 162,964 shares during the period. Massachusetts Financial Services Co. MA owned 1.27% of Textainer Group worth $9,249,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. grew its holdings in shares of Textainer Group by 7.1% in the 2nd quarter. BlackRock Inc. now owns 1,312,681 shares of the transportation company’s stock valued at $20,871,000 after acquiring an additional 86,609 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Textainer Group by 20.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,131,007 shares of the transportation company’s stock valued at $17,983,000 after acquiring an additional 189,453 shares in the last quarter. Rutabaga Capital Management LLC MA grew its holdings in shares of Textainer Group by 21.3% in the 2nd quarter. Rutabaga Capital Management LLC MA now owns 1,044,128 shares of the transportation company’s stock valued at $16,602,000 after acquiring an additional 183,018 shares in the last quarter. FMR LLC grew its holdings in shares of Textainer Group by 3.1% in the 2nd quarter. FMR LLC now owns 786,284 shares of the transportation company’s stock valued at $12,502,000 after acquiring an additional 24,000 shares in the last quarter. Finally, Royce & Associates LP grew its holdings in shares of Textainer Group by 5.9% in the 2nd quarter. Royce & Associates LP now owns 673,956 shares of the transportation company’s stock valued at $10,716,000 after acquiring an additional 37,500 shares in the last quarter. Institutional investors own 25.24% of the company’s stock.

Textainer Group stock opened at $12.11 on Thursday. Textainer Group Holdings Limited has a 52 week low of $10.58 and a 52 week high of $26.50. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.74 and a quick ratio of 0.57. The stock has a market cap of $694.87 million, a P/E ratio of 9.66 and a beta of 2.57.

Textainer Group (NYSE:TGH) last posted its quarterly earnings results on Friday, November 2nd. The transportation company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.05. Textainer Group had a return on equity of 5.79% and a net margin of 10.01%. The business had revenue of $149.40 million during the quarter, compared to analysts’ expectations of $145.54 million. During the same quarter last year, the company posted $0.33 earnings per share. Textainer Group’s quarterly revenue was up 19.1% on a year-over-year basis. As a group, sell-side analysts predict that Textainer Group Holdings Limited will post 1.32 EPS for the current year.

Several equities analysts have recently weighed in on the company. Zacks Investment Research cut Textainer Group from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd. ValuEngine cut Textainer Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 24th. Cowen decreased their price objective on Textainer Group from $26.00 to $22.00 and set an “outperform” rating for the company in a report on Wednesday, August 8th. TheStreet upgraded Textainer Group from a “d+” rating to a “c” rating in a report on Wednesday, August 8th. Finally, Wells Fargo & Co cut Textainer Group from a “market perform” rating to an “underperform” rating and set a $11.00 price target for the company. in a report on Friday, September 28th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. Textainer Group presently has an average rating of “Hold” and an average price target of $18.33.

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Textainer Group 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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