CAI International Inc (NYSE:CAI) major shareholder Ogawa Family Trust sold 1,250,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $21.58, for a total value of $26,975,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
CAI International Inc (NYSE:CAI) traded up $0.60 during trading on Friday, hitting $21.99. The stock had a trading volume of 409,662 shares, compared to its average volume of 371,357. CAI International Inc has a twelve month low of $13.57 and a twelve month 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 stock has a market capitalization of $455.53, a PE ratio of 5.89, a PEG ratio of 0.72 and a beta of 2.11.
CAI International (NYSE:CAI) last released its quarterly earnings results on Wednesday, February 14th. The transportation company reported $1.03 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.17. CAI International had a return on equity of 11.69% and a net margin of 20.68%. The business had revenue of $94.03 million during the quarter, compared to analysts’ expectations of $95.66 million. During the same quarter in the prior year, the business earned ($0.09) earnings per share. The company’s quarterly revenue was up 21.7% compared to the same quarter last year. sell-side analysts expect that CAI International Inc will post 3.89 EPS for the current fiscal year.
Several institutional investors have recently added to or reduced their stakes in CAI. Acadian Asset Management LLC purchased a new stake in shares of CAI International during the fourth quarter worth approximately $165,000. C M Bidwell & Associates Ltd. raised its stake in shares of CAI International by 167.1% during the fourth quarter. C M Bidwell & Associates Ltd. now owns 7,560 shares of the transportation company’s stock worth $214,000 after purchasing an additional 4,730 shares during the last quarter. MetLife Investment Advisors LLC purchased a new stake in shares of CAI International during the fourth quarter worth approximately $230,000. Alliancebernstein L.P. purchased a new stake in shares of CAI International during the second quarter worth approximately $248,000. Finally, Voya Investment Management LLC purchased a new stake in shares of CAI International during the second quarter worth approximately $253,000. Institutional investors and hedge funds own 70.65% of the company’s stock.
A number of brokerages have weighed in on CAI. ValuEngine cut CAI International from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 15th. Zacks Investment Research upgraded CAI International from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research note on Monday. Wells Fargo & Co upgraded CAI International from a “market perform” rating to an “outperform” rating and set a $35.00 price objective for the company in a research note on Wednesday, February 14th. William Blair reiterated an “outperform” rating on shares of CAI International in a research note on Tuesday, February 6th. Finally, Cowen cut their price target on CAI International from $46.00 to $40.00 and set an “outperform” rating for the company in a research note on Thursday, February 15th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $33.20.
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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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