QS Investors LLC trimmed its holdings in shares of CAI International, Inc. (NYSE:CAI) by 0.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 87,896 shares of the transportation company’s stock after selling 732 shares during the quarter. QS Investors LLC owned about 0.46% of CAI International worth $2,074,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of CAI. Royce & Associates LP acquired a new position in CAI International during the first quarter worth $4,032,000. Ameriprise Financial Inc. increased its position in CAI International by 291.4% during the first quarter. Ameriprise Financial Inc. now owns 278,902 shares of the transportation company’s stock worth $4,389,000 after buying an additional 207,639 shares during the last quarter. Dimensional Fund Advisors LP increased its position in CAI International by 9.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,295,357 shares of the transportation company’s stock worth $20,389,000 after buying an additional 114,781 shares during the last quarter. James Investment Research Inc. acquired a new position in CAI International during the second quarter worth $1,697,000. Finally, TIAA CREF Investment Management LLC increased its position in CAI International by 80.2% during the second quarter. TIAA CREF Investment Management LLC now owns 141,547 shares of the transportation company’s stock worth $3,341,000 after buying an additional 62,988 shares during the last quarter. 58.10% of the stock is currently owned by hedge funds and other institutional investors.
CAI International, Inc. (NYSE:CAI) opened at 30.65 on Friday. The firm’s 50-day moving average is $29.52 and its 200 day moving average is $23.42. CAI International, Inc. has a 52-week low of $6.75 and a 52-week high of $31.61. The firm has a market capitalization of $587.56 million, a P/E ratio of 44.74 and a beta of 2.19.
CAI International (NYSE:CAI) last issued its quarterly earnings results on Wednesday, July 26th. The transportation company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.56 by $0.09. CAI International had a net margin of 4.14% and a return on equity of 4.13%. The firm had revenue of $82.69 million for the quarter, compared to analysts’ expectations of $85.18 million. During the same period in the previous year, the firm posted $0.19 EPS. The company’s revenue for the quarter was up 15.4% on a year-over-year basis. Equities analysts anticipate that CAI International, Inc. will post $2.32 EPS for the current year.
In other CAI International news, Director Hiromitsu Ogawa sold 693,927 shares of the business’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $26.60, for a total transaction of $18,458,458.20. Following the sale, the director now directly owns 712,433 shares of the company’s stock, valued at approximately $18,950,717.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 24.50% of the company’s stock.
CAI has been the topic of several analyst reports. Keefe, Bruyette & Woods reissued a “hold” rating and set a $26.00 target price on shares of CAI International in a research report on Friday, July 14th. Cowen and Company increased their target price on shares of CAI International from $23.00 to $28.00 and gave the stock a “market perform” rating in a research report on Thursday, July 27th. TheStreet raised shares of CAI International from a “d+” rating to a “c” rating in a research report on Wednesday, July 26th. ValuEngine raised shares of CAI International from a “hold” rating to a “buy” rating in a research report on Friday, July 28th. Finally, Zacks Investment Research downgraded shares of CAI International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $26.00.
CAI International Company Profile
CAI International, Inc is a transportation finance and logistics company. The Company purchases equipment, primarily intermodal shipping containers and railcars, which it leases to its customers, and also manages equipment for third-party investors. The Company operates through three segments: container leasing, rail leasing and logistics.
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