Textainer Group Holdings: A 5.7% Yield With Significant Upside

Textainer Group Holdings (TGH) is the world's largest lessor of intermodal containers based on fleet size. The company has an impressive streak of 11 straight quarters of higher dividends. Competitors to Textainer include TAL International Group (TAL) and Seacube Container Leasing (BOX). I prefer Textainer, due to its lower TTM PE and a higher return of equity than its competitors.TGH PE Ratio TTM data by YCharts Textainer's shares have been in a rut since mid September. On September 19 the company sold 8.625 million shares via a secondary, increasing its float by more than 15%. 2.5 million of these shares were sold by Halco Holdings, which owns about 53.5% (29.8 million) of the shares outstanding. Since then, Textainer has traded in a narrow range between from about $28.00 to about $32.00. I believe the stock is about to break out of this range and head much higher.... Read more