Stratos Wealth Partners LTD. Buys New Position in Textainer Group Holdings Limited (NYSE:TGH)

Stratos Wealth Partners LTD. bought a new stake in Textainer Group Holdings Limited (NYSE:TGH) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,671 shares of the transportation company’s stock, valued at approximately $230,000.

Other institutional investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC bought a new position in shares of Textainer Group during the 3rd quarter worth approximately $33,000. NBC Securities Inc. bought a new position in shares of Textainer Group during the 3rd quarter worth approximately $42,000. Adirondack Trust Co. bought a new position in shares of Textainer Group during the 3rd quarter worth approximately $48,000. Point72 Hong Kong Ltd bought a new position in shares of Textainer Group during the 1st quarter worth approximately $53,000. Finally, Public Employees Retirement System of Ohio boosted its holdings in shares of Textainer Group by 115.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 3,028 shares of the transportation company’s stock worth $81,000 after buying an additional 1,622 shares in the last quarter. 44.28% of the stock is currently owned by institutional investors.

Textainer Group Price Performance

Shares of TGH opened at $49.99 on Wednesday. Textainer Group Holdings Limited has a 12-month low of $30.22 and a 12-month high of $50.15. The business’s fifty day moving average is $49.93 and its 200 day moving average is $48.12. The company has a quick ratio of 1.14, a current ratio of 1.16 and a debt-to-equity ratio of 2.76. The stock has a market cap of $2.12 billion, a P/E ratio of 11.55 and a beta of 1.01.

Textainer Group (NYSE:TGH) last issued its earnings results on Tuesday, February 13th. The transportation company reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.08. Textainer Group had a return on equity of 12.86% and a net margin of 26.57%. The company had revenue of $190.10 million for the quarter, compared to analysts’ expectations of $195.71 million. The firm’s quarterly revenue was down 6.3% on a year-over-year basis. Sell-side analysts anticipate that Textainer Group Holdings Limited will post 4.89 earnings per share for the current fiscal year.

Textainer Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date was Thursday, February 29th. Textainer Group’s dividend payout ratio is currently 27.71%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Textainer Group in a report on Wednesday. They set a “hold” rating on the stock.

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'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.