TGH - Why Textainer Stock Is Up Today
2023-04-12 13:22:00 ET
On Wednesday, Brookfield Infrastructure Partners announced plans to acquire a container leasing company for significantly more than that company's public valuation.
Investors in Textainer Group (NYSE: TGH) , another container leasing specialist, are taking notice, sending shares of Textainer up as much as 12% despite no company-specific news.
Textainer is in the business of buying, selling, and leasing shipping containers including intermodal equipment that can easily be transferred between rail, truck, and ship. These containers play a massive role in the global shipping market, but the leasing companies can sometimes be tough to value because they need to add inventory when times are good and then find a place for it when demand falls.
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Why Textainer Stock Is Up Today