OxFORD Asset Management LLP acquired a new stake in CAI International Inc (NYSE:CAI) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,237 shares of the transportation company’s stock, valued at approximately $434,000. OxFORD Asset Management LLP owned 0.07% of CAI International as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also recently made changes to their positions in CAI. Dimensional Fund Advisors LP boosted its position in CAI International by 15.7% during the third quarter. Dimensional Fund Advisors LP now owns 1,627,880 shares of the transportation company’s stock worth $49,358,000 after purchasing an additional 220,782 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in CAI International by 7.4% during the third quarter. Schwab Charles Investment Management Inc. now owns 62,904 shares of the transportation company’s stock worth $1,908,000 after purchasing an additional 4,320 shares in the last quarter. JPMorgan Chase & Co. purchased a new position in CAI International during the third quarter worth approximately $11,979,000. Nordea Investment Management AB purchased a new position in CAI International during the third quarter worth approximately $5,718,000. Finally, Macquarie Group Ltd. purchased a new position in CAI International during the third quarter worth approximately $770,000. 69.10% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have issued reports on CAI shares. ValuEngine downgraded CAI International from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. Zacks Investment Research upgraded CAI International from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a research report on Thursday, October 19th. Wells Fargo & Co raised their target price on CAI International from $26.00 to $32.00 and gave the company a “market perform” rating in a research report on Friday, October 20th. Cowen restated a “hold” rating and issued a $28.00 target price on shares of CAI International in a research report on Wednesday, October 4th. Finally, William Blair restated an “outperform” rating on shares of CAI International in a research report on Friday, October 20th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. CAI International currently has a consensus rating of “Buy” and a consensus price target of $35.80.
Shares of CAI International Inc (NYSE:CAI) opened at $30.24 on Friday. CAI International Inc has a fifty-two week low of $10.78 and a fifty-two week high of $40.11. The company has a debt-to-equity ratio of 2.91, a current ratio of 0.39 and a quick ratio of 0.39. The company has a market capitalization of $582.67, a P/E ratio of 16.35, a P/E/G ratio of 0.98 and a beta of 2.26.
CAI International (NYSE:CAI) last posted its earnings results on Thursday, October 19th. The transportation company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.20. The company had revenue of $90.16 million during the quarter, compared to analysts’ expectations of $89.43 million. CAI International had a return on equity of 7.11% and a net margin of 10.93%. The firm’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.16 earnings per share. research analysts forecast that CAI International Inc will post 2.64 EPS for the current year.
In other news, insider Victor Garcia sold 41,407 shares of CAI International stock in a transaction on Friday, November 10th. The stock was sold at an average price of $36.10, for a total value of $1,494,792.70. Following the completion of the sale, the insider now directly owns 68,307 shares of the company’s stock, valued at $2,465,882.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Gary Sawka sold 3,000 shares of CAI International stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $36.50, for a total value of $109,500.00. Following the completion of the transaction, the director now owns 541 shares of the company’s stock, valued at $19,746.50. The disclosure for this sale can be found here. Insiders sold 123,111 shares of company stock valued at $4,403,869 over the last ninety days. Insiders own 24.50% of the company’s stock.
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About CAI International
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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