Convergence Investment Partners LLC purchased a new position in Textainer Group Holdings Limited (NYSE:TGH) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 64,060 shares of the transportation company’s stock, valued at approximately $1,377,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of TGH. Schwab Charles Investment Management Inc. lifted its position in shares of Textainer Group by 38.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 277,112 shares of the transportation company’s stock worth $4,019,000 after purchasing an additional 77,533 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Textainer Group by 22.1% in the second quarter. Rhumbline Advisers now owns 32,441 shares of the transportation company’s stock worth $470,000 after purchasing an additional 5,872 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Textainer Group by 168.0% in the second quarter. Wells Fargo & Company MN now owns 111,470 shares of the transportation company’s stock worth $1,616,000 after purchasing an additional 69,879 shares in the last quarter. Alliancebernstein L.P. lifted its position in shares of Textainer Group by 6.0% in the second quarter. Alliancebernstein L.P. now owns 22,900 shares of the transportation company’s stock worth $332,000 after purchasing an additional 1,300 shares in the last quarter. Finally, Teachers Advisors LLC lifted its position in shares of Textainer Group by 2.7% in the second quarter. Teachers Advisors LLC now owns 49,019 shares of the transportation company’s stock worth $711,000 after purchasing an additional 1,296 shares in the last quarter. 24.48% of the stock is owned by institutional investors and hedge funds.

A number of analysts have recently issued reports on TGH shares. Wells Fargo & Co increased their price target on shares of Textainer Group from $19.00 to $22.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 14th. SunTrust Banks reissued a “buy” rating and issued a $25.00 price target on shares of Textainer Group in a research report on Friday, November 10th. Zacks Investment Research raised shares of Textainer Group from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research report on Friday, October 20th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $22.00 price target on shares of Textainer Group in a research report on Sunday, November 19th. Finally, Cowen increased their price target on shares of Textainer Group from $21.00 to $26.00 and gave the stock an “outperform” rating in a research report on Friday, November 10th. Three analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $24.40.

Textainer Group Holdings Limited (NYSE TGH) opened at $24.00 on Friday. The firm has a market cap of $1,360.00, a P/E ratio of 800.00, a P/E/G ratio of 1.56 and a beta of 2.48. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 2.19. Textainer Group Holdings Limited has a 52-week low of $9.60 and a 52-week high of $24.95.

Textainer Group (NYSE:TGH) last issued its quarterly earnings data on Thursday, November 9th. The transportation company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.19. The firm had revenue of $125.60 million for the quarter, compared to analyst estimates of $122.87 million. Textainer Group had a net margin of 0.38% and a negative return on equity of 0.44%. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter last year, the firm earned ($0.92) earnings per share. equities analysts expect that Textainer Group Holdings Limited will post 0.35 EPS for the current 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.

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

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