CAI International, Inc. (NYSE:CAI) CFO Timothy B. Page sold 10,184 shares of the firm’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $33.06, for a total transaction of $336,683.04. The sale was disclosed in a filing with the SEC, which is available through this link.
Shares of CAI International, Inc. (NYSE:CAI) opened at $30.08 on Tuesday. CAI International, Inc. has a 1 year low of $8.41 and a 1 year high of $40.11. The company has a debt-to-equity ratio of 2.91, a quick ratio of 0.39 and a current ratio of 0.39. The stock has a market cap of $586.91, a price-to-earnings ratio of 17.61, a PEG ratio of 1.44 and a beta of 2.25.
CAI International (NYSE:CAI) last issued its quarterly earnings data on Thursday, October 19th. The transportation company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.20. CAI International had a net margin of 10.93% and a return on equity of 7.11%. The firm had revenue of $90.16 million during the quarter, compared to the consensus estimate of $89.43 million. During the same quarter in the previous year, the firm posted $0.16 EPS. The company’s revenue for the quarter was up 14.9% compared to the same quarter last year. sell-side analysts forecast that CAI International, Inc. will post 2.64 earnings per share for the current year.
Hedge funds have recently modified their holdings of the company. ClariVest Asset Management LLC lifted its stake in shares of CAI International by 2,235.5% during the 3rd quarter. ClariVest Asset Management LLC now owns 414,551 shares of the transportation company’s stock valued at $12,568,000 after buying an additional 396,801 shares in the last quarter. JPMorgan Chase & Co. purchased a new position in shares of CAI International during the 3rd quarter valued at $11,979,000. Dimensional Fund Advisors LP lifted its stake in shares of CAI International by 15.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,627,880 shares of the transportation company’s stock valued at $49,358,000 after buying an additional 220,782 shares in the last quarter. Nordea Investment Management AB purchased a new position in shares of CAI International during the 3rd quarter valued at $5,718,000. Finally, Allianz Asset Management GmbH purchased a new position in shares of CAI International during the 3rd quarter valued at $2,114,000. 69.10% of the stock is owned by hedge funds and other institutional investors.
CAI has been the subject of several analyst reports. ValuEngine downgraded shares of CAI International from a “buy” rating to a “hold” rating in a research report on Thursday, August 24th. Cowen reaffirmed a “hold” rating and issued a $28.00 target price on shares of CAI International in a research report on Friday, September 1st. 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. SunTrust Banks reaffirmed a “buy” rating and issued a $40.00 target price on shares of CAI International in a research report on Friday, October 20th. Finally, Wells Fargo & Company lifted their target price on shares of CAI International from $26.00 to $32.00 and gave the stock a “market perform” rating in a research report on Friday, October 20th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $35.80.
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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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