Textainer Group Holdings Limited, through its subsidiaries, purchases, owns, manages, leases, and disposes a fleet of intermodal containers worldwide. It operates through three segments: Container Ownership, Container Management, and Container Resale. The company's containers include standard dry freight containers, refrigerated, and other special-purpose containers, which include tank, 45', pallet-wide, and other types of containers. It also provides container acquisition, management, and disposal services to affiliated and unaffiliated container investors. In addition, the company is involved in the sale of containers from its fleet, as well as purchase, lease, or resale of containers from shipping line customers, container traders, and other sellers of containers. It operates a fleet of approximately 2.4 million containers, representing 3.8 million twenty-foot equivalent units. The company primarily serves shipping lines, as well as freight forwarding companies and the United States military. Textainer Group Holdings Limited was founded in 1979 and is headquartered in Hamilton, Bermuda.
IPO Year: 2007
Exchange: NYSE
Website: textainer.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/28/2023 | $40.00 → $45.00 | Outperform → Mkt Perform | Keefe Bruyette |
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Keefe Bruyette downgraded Textainer Group from Outperform to Mkt Perform and set a new price target of $45.00 from $40.00 previously
B. Riley Securities resumed coverage of Textainer Group with a rating of Buy and set a new price target of $42.00
B. Riley resumed coverage of Textainer Group with a rating of Buy and set a new price target of $36.00 from $31.00 previously
HAMILTON, Bermuda and NEW YORK, March 14, 2024 (GLOBE NEWSWIRE) -- Textainer Group Holdings Limited (NYSE:TGH, JSE: TXT))) ("Textainer"), one of the world's largest lessors of intermodal containers, today announced that it completed the previously announced acquisition of Textainer by investment vehicles managed by Stonepeak. All common shares of Textainer converted into the right to receive $50.00 per share in cash. The per share consideration paid to shareholders on the JSE will be in South African Rand at an exchange rate of 18.98821 Rand for each USD 1.00. The common shares, which trade on the New York Stock Exchange (the "NYSE") under the ticker symbol "TGH", were suspended from trad
HAMILTON, Bermuda, Feb. 13, 2024 (GLOBE NEWSWIRE) -- Textainer Group Holdings Limited (NYSE:TGH, JSE: TXT))) ("Textainer", "the Company", "we" and "our"), one of the world's largest lessors of intermodal containers, today reported unaudited financial results for the fourth-quarter and full-year ended December 31, 2023. Key Financial Information (in thousands except for per share and TEU amounts) (1) and Business Highlights: QTD Full-Year Q4 2023 Q3 2023 Q4 2022 2023 2022 Total lease rental income $190,830 $192,497 $202,912 $770,391 $810,014 Gain on sale of owned fleet containers, net $3,967 $5,197 $15,033 $26,415 $76,947 Income from operations $82,277 $92,165 $111,544
HAMILTON, Bermuda and NEW YORK, Jan. 17, 2024 (GLOBE NEWSWIRE) -- Textainer Group Holdings Limited (NYSE:TGH, JSE: TXT))) ("Textainer"), one of the world's largest lessors of intermodal containers, today announced that it has published its proxy statement relating to a special meeting of its shareholders (the "Special Meeting") to approve the previously announced acquisition of Textainer by Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets. The Special Meeting is scheduled for February 22, 2024 at 1:30 p.m., Bermuda Time, at Textainer's registered office at Century House, 16 Par-La-Ville Road, Hamilton HM 08, Bermuda. Shareholders entitled to
HAMILTON, Bermuda, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Textainer Group Holdings Limited (NYSE:TGH, JSE: TXT))) ("Textainer", "the Company", "we" and "our"), one of the world's largest lessors of intermodal containers, today reported financial results for the third-quarter ended September 30, 2023. Key Financial Information (in thousands except for per share and TEU amounts) and Business Highlights: QTD Q3 2023 Q2 2023 Q3 2022 Total lease rental income $192,497 $192,163 $205,152 Gain on sale of owned fleet containers, net $5,197 $7,703 $22,788 Income from operations $92,165 $97,678 $123,292 Net income attributable to common shareholders $44,677 $51,332 $76,400 Ne
HAMILTON, Bermuda, Oct. 26, 2023 (GLOBE NEWSWIRE) -- Textainer Group Holdings Limited (NYSE:TGH, JSE:TXT))) ("Textainer", "we" and "our"), one of the world's largest lessors of intermodal containers, will release third quarter 2023 financial results before the open of regular market trading on Thursday, November 2, 2023. As previously announced on October 22, 2023, Textainer has entered into a definitive agreement to be acquired by Stonepeak. In light of the pending transaction, Textainer will not hold an earnings conference call to discuss its third quarter results. About Textainer Group Holdings Limited Textainer has operated since 1979 and is one of the world's largest lessors of in
HAMILTON, Bermuda and NEW YORK, Oct. 22, 2023 (GLOBE NEWSWIRE) -- Textainer Group Holdings Limited (NYSE:TGH, JSE: TXT))) ("Textainer", "Company", "we" and "our"), one of the world's largest lessors of intermodal containers, today announced that it has entered into a definitive agreement to be acquired by Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets. Upon completion of the transaction and the redemption of Textainer's Series A and B cumulative redeemable perpetual preference shares, Textainer will become a privately held company. Under the terms of the definitive agreement, which was unanimously approved by the Textainer Board of Direct
HAMILTON, Bermuda, Aug. 01, 2023 (GLOBE NEWSWIRE) -- Textainer Group Holdings Limited (NYSE:TGH, JSE: TXT))) ("Textainer", "the Company", "we" and "our"), one of the world's largest lessors of intermodal containers, today reported financial results for the second-quarter ended June 30, 2023. Key Financial Information (in thousands except for per share and TEU amounts) and Business Highlights: QTD Q2 2023 Q1 2023 Q2 2022 Total lease rental income $192,163 $194,901 $203,232 Gain on sale of owned fleet containers, net $7,703 $9,548 $23,213 Income from operations $97,678 $100,379 $122,847 Net income attributable to common shareholders $51,332 $53,626 $78,590 Net income att
HAMILTON, Bermuda, July 21, 2023 (GLOBE NEWSWIRE) -- Textainer Group Holdings Limited (NYSE:TGH, JSE:TXT))) ("Textainer", "we" and "our"), one of the world's largest lessors of intermodal containers, will release second quarter 2023 financial results before the open of regular market trading on Tuesday, August 1, 2023. A conference call to discuss its results will follow at 11:00 a.m. Eastern Time that same day. Those wishing to participate via webcast should access the call through Textainer's Investor Relations website at http://investor.textainer.com. Those wishing to participate via telephone may dial in at 1-877-407-9039 (U.S. & Canada) or 1-201-689-8470 (International). The conferen
HAMILTON, Bermuda, May 02, 2023 (GLOBE NEWSWIRE) -- Textainer Group Holdings Limited (NYSE:TGH, JSE: TXT))) ("Textainer", "the Company", "we" and "our"), one of the world's largest lessors of intermodal containers, today reported financial results for the first-quarter ended March 31, 2023. Key Financial Information (in thousands except for per share and TEU amounts) and Business Highlights: QTD Q1 2023 Q4 2022 Q1 2022 Total lease rental income $194,901 $202,912 $198,718 Gain on sale of owned fleet containers, net $9,548 $15,033 $15,913 Income from operations $100,379 $111,544 $114,716 Net income attributable to common shareholders $53,626 $61,854 $72,705 Net income attribut
HAMILTON, Bermuda, April 24, 2023 (GLOBE NEWSWIRE) -- Textainer Group Holdings Limited (NYSE:TGH, JSE:TXT))) ("Textainer", "we" and "our"), one of the world's largest lessors of intermodal containers, will release first quarter 2023 financial results before the open of regular market trading on Tuesday, May 2, 2023. A conference call to discuss its results will follow at 11:00 a.m. Eastern Time that same day. Those wishing to participate via webcast should access the call through Textainer's Investor Relations website at http://investor.textainer.com. Those wishing to participate via telephone may dial in at 1-877-407-9039 (U.S. & Canada) or 1-201-689-8470 (International). The conference
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Former Ernst and Young Senior Partner to serve as Chair of Audit Committee BOSTON, Jan. 4, 2024 /PRNewswire/ -- Valo Health, Inc ("Valo"), a technology company focused on utilizing large scale data and artificial intelligence ("AI") driven computation to discover and develop therapeutics, today announced the appointment of Lisa P. Young to its Board of Directors and as the chair of its Audit Committee. Young is a seasoned board member and global business leader with over 36 years of cross-sector, international experience in public accounting and professional services. "I am honored to welcome Lisa to the Valo Board of Directors. Her nearly four decades at EY in working with new business mod
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HAMILTON, Bermuda, June 1, 2021 /PRNewswire/ -- Textainer Group Holdings Limited (NYSE:TGH) ("Textainer", "the Company", "we" and "our") announced that two new members of its Board of Directors were elected at the May 26, 2021 Annual Meeting of Shareholders. James Earl and Cynthia Hostetler were elected as new Class II directors and Olivier Ghesquiere was re-elected as a Class II director at the Annual Meeting. The Company's shareholders also approved the 2020 audited financial statements and the appointment of KPMG as the Company's auditor for 2021. Mr. Earl was an executive with NYSE-listed GATX Corporation from 1988 to 2018, ultimately serving as Executive Vice President, President o
NEW YORK and HAMILTON, Bermuda, March 14, 2024 (GLOBE NEWSWIRE) -- Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, today announced it has completed its acquisition of Textainer Group Holdings Limited (NYSE:TGH, JSE: TXT))) ("Textainer" or "the Company"), one of the world's largest lessors of intermodal containers. "Today we embark on Textainer's exciting next chapter with a renewed commitment to delivering high quality equipment and best-in-class service to our customers worldwide," said Olivier Ghesquiere, President and Chief Executive Officer. "Over the years, we have established Textainer as our customers' "first call" for containers, an
HAMILTON, Bermuda and NEW YORK, March 14, 2024 (GLOBE NEWSWIRE) -- Textainer Group Holdings Limited (NYSE:TGH, JSE: TXT))) ("Textainer"), one of the world's largest lessors of intermodal containers, today announced that it completed the previously announced acquisition of Textainer by investment vehicles managed by Stonepeak. All common shares of Textainer converted into the right to receive $50.00 per share in cash. The per share consideration paid to shareholders on the JSE will be in South African Rand at an exchange rate of 18.98821 Rand for each USD 1.00. The common shares, which trade on the New York Stock Exchange (the "NYSE") under the ticker symbol "TGH", were suspended from trad
HAMILTON, Bermuda and NEW YORK, Feb. 23, 2024 (GLOBE NEWSWIRE) -- Textainer Group Holdings Limited (NYSE:TGH, JSE: TXT))) ("Textainer"), one of the world's largest lessors of intermodal containers, today announced that at a special meeting of its shareholders held on February 22, 2024, Textainer's shareholders voted to approve the proposed acquisition of Textainer by Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets. Upon closing the acquisition, Textainer's common shareholders will have the right to receive $50.00 per common share in cash without interest and subject to any applicable withholding taxes. Upon closing the acquisition, each of
HAMILTON, Bermuda, Feb. 13, 2024 (GLOBE NEWSWIRE) -- Textainer Group Holdings Limited (NYSE:TGH, JSE: TXT))) ("Textainer", "the Company", "we" and "our"), one of the world's largest lessors of intermodal containers, today reported unaudited financial results for the fourth-quarter and full-year ended December 31, 2023. Key Financial Information (in thousands except for per share and TEU amounts) (1) and Business Highlights: QTD Full-Year Q4 2023 Q3 2023 Q4 2022 2023 2022 Total lease rental income $190,830 $192,497 $202,912 $770,391 $810,014 Gain on sale of owned fleet containers, net $3,967 $5,197 $15,033 $26,415 $76,947 Income from operations $82,277 $92,165 $111,544
HAMILTON, Bermuda and NEW YORK, Jan. 17, 2024 (GLOBE NEWSWIRE) -- Textainer Group Holdings Limited (NYSE:TGH, JSE: TXT))) ("Textainer"), one of the world's largest lessors of intermodal containers, today announced that it has published its proxy statement relating to a special meeting of its shareholders (the "Special Meeting") to approve the previously announced acquisition of Textainer by Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets. The Special Meeting is scheduled for February 22, 2024 at 1:30 p.m., Bermuda Time, at Textainer's registered office at Century House, 16 Par-La-Ville Road, Hamilton HM 08, Bermuda. Shareholders entitled to
Former Ernst and Young Senior Partner to serve as Chair of Audit Committee BOSTON, Jan. 4, 2024 /PRNewswire/ -- Valo Health, Inc ("Valo"), a technology company focused on utilizing large scale data and artificial intelligence ("AI") driven computation to discover and develop therapeutics, today announced the appointment of Lisa P. Young to its Board of Directors and as the chair of its Audit Committee. Young is a seasoned board member and global business leader with over 36 years of cross-sector, international experience in public accounting and professional services. "I am honored to welcome Lisa to the Valo Board of Directors. Her nearly four decades at EY in working with new business mod
HAMILTON, Bermuda and NEW YORK, Nov. 22, 2023 (GLOBE NEWSWIRE) -- Textainer Group Holdings Limited (NYSE:TGH, JSE: TXT))) ("Textainer"), one of the world's largest lessors of intermodal containers, today announced the expiration of the 30-day "go-shop" period under the terms of the previously announced definitive agreement to be acquired by Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets. Under and subject to the terms of the agreement, Stonepeak will acquire Textainer for $50.00 per share in cash, representing an enterprise value of approximately $7.4 billion. The "go-shop" period expired at 12:01 a.m. Eastern Time on November 22, 2023. D
HAMILTON, Bermuda, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Textainer Group Holdings Limited (NYSE:TGH, JSE: TXT))) ("Textainer", "the Company", "we" and "our"), one of the world's largest lessors of intermodal containers, today reported financial results for the third-quarter ended September 30, 2023. Key Financial Information (in thousands except for per share and TEU amounts) and Business Highlights: QTD Q3 2023 Q2 2023 Q3 2022 Total lease rental income $192,497 $192,163 $205,152 Gain on sale of owned fleet containers, net $5,197 $7,703 $22,788 Income from operations $92,165 $97,678 $123,292 Net income attributable to common shareholders $44,677 $51,332 $76,400 Ne
HAMILTON, Bermuda, Oct. 26, 2023 (GLOBE NEWSWIRE) -- Textainer Group Holdings Limited (NYSE:TGH, JSE:TXT))) ("Textainer", "we" and "our"), one of the world's largest lessors of intermodal containers, will release third quarter 2023 financial results before the open of regular market trading on Thursday, November 2, 2023. As previously announced on October 22, 2023, Textainer has entered into a definitive agreement to be acquired by Stonepeak. In light of the pending transaction, Textainer will not hold an earnings conference call to discuss its third quarter results. About Textainer Group Holdings Limited Textainer has operated since 1979 and is one of the world's largest lessors of in
HAMILTON, Bermuda and NEW YORK, Oct. 22, 2023 (GLOBE NEWSWIRE) -- Textainer Group Holdings Limited (NYSE:TGH, JSE: TXT))) ("Textainer", "Company", "we" and "our"), one of the world's largest lessors of intermodal containers, today announced that it has entered into a definitive agreement to be acquired by Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets. Upon completion of the transaction and the redemption of Textainer's Series A and B cumulative redeemable perpetual preference shares, Textainer will become a privately held company. Under the terms of the definitive agreement, which was unanimously approved by the Textainer Board of Direct