Textainer Group Holdings Limited (NYSE:TGH) Shares Sold by Skandinaviska Enskilda Banken AB publ

Posted by Defense World Staff on Feb 24th, 2023

Skandinaviska Enskilda Banken AB publ cut its holdings in Textainer Group Holdings Limited (NYSE:TGH – Get Rating) by 20.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 30,000 shares of the transportation company’s stock after selling 7,901 shares during the period. Skandinaviska Enskilda Banken AB publ owned 0.06% of Textainer Group worth $806,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its holdings in Textainer Group by 3.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,437,675 shares of the transportation company’s stock valued at $92,337,000 after acquiring an additional 122,974 shares during the last quarter. Donald Smith & CO. Inc. grew its stake in shares of Textainer Group by 46.6% during the 2nd quarter. Donald Smith & CO. Inc. now owns 2,298,902 shares of the transportation company’s stock valued at $63,013,000 after buying an additional 731,074 shares during the period. Invesco Ltd. grew its stake in shares of Textainer Group by 8.4% during the 1st quarter. Invesco Ltd. now owns 1,229,197 shares of the transportation company’s stock valued at $46,796,000 after buying an additional 95,635 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of Textainer Group by 2.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,005,642 shares of the transportation company’s stock valued at $27,012,000 after buying an additional 20,980 shares during the period. Finally, Clearbridge Investments LLC grew its stake in shares of Textainer Group by 5.6% during the 2nd quarter. Clearbridge Investments LLC now owns 818,284 shares of the transportation company’s stock valued at $22,429,000 after buying an additional 43,630 shares during the period. 38.69% of the stock is currently owned by institutional investors and hedge funds.

Textainer Group Stock Up 1.3 %

Shares of NYSE TGH opened at $32.56 on Friday. Textainer Group Holdings Limited has a 52-week low of $25.47 and a 52-week high of $40.35. The firm has a fifty day moving average of $32.51 and a 200-day moving average of $30.87. The stock has a market capitalization of $1.42 billion, a PE ratio of 5.32 and a beta of 1.27. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 3.02.

Textainer Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 15th. Stockholders of record on Friday, March 3rd will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, March 2nd. This is a boost from Textainer Group’s previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a dividend yield of 3.69%. Textainer Group’s payout ratio is currently 16.34%.

Textainer Group Company Profile

(Get Rating)

Textainer Group Holdings Ltd. engages in the purchase, management, leasing, and resale of a fleet of marine cargo containers. It operates through the following segments: Container Ownership, Container Management, and Container Resale. The Container Ownership segment includes standard dry freight containers and also includes refrigerated and other special-purpose containers.