TIAA CREF Investment Management LLC lessened its stake in CAI International, Inc. (NYSE:CAI) by 1.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 207,576 shares of the transportation company’s stock after selling 2,038 shares during the quarter. TIAA CREF Investment Management LLC’s holdings in CAI International were worth $5,879,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the business. Two Sigma Investments LP increased its stake in CAI International by 22.8% in the 4th quarter. Two Sigma Investments LP now owns 225,371 shares of the transportation company’s stock valued at $6,383,000 after buying an additional 41,836 shares during the period. Two Sigma Advisers LP increased its stake in CAI International by 47.7% in the 4th quarter. Two Sigma Advisers LP now owns 222,747 shares of the transportation company’s stock valued at $6,308,000 after buying an additional 71,938 shares during the period. Deutsche Bank AG increased its stake in CAI International by 76.6% in the 4th quarter. Deutsche Bank AG now owns 135,414 shares of the transportation company’s stock valued at $3,833,000 after buying an additional 58,746 shares during the period. Jefferies Group LLC acquired a new position in CAI International in the 4th quarter valued at approximately $494,000. Finally, Renaissance Technologies LLC increased its stake in CAI International by 24.8% in the 4th quarter. Renaissance Technologies LLC now owns 238,795 shares of the transportation company’s stock valued at $6,763,000 after buying an additional 47,495 shares during the period. Hedge funds and other institutional investors own 74.52% of the company’s stock.
CAI stock opened at $21.66 on Tuesday. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 2.79. The company has a market capitalization of $434.20, a price-to-earnings ratio of 7.44, a price-to-earnings-growth ratio of 0.68 and a beta of 2.22. CAI International, Inc. has a 12 month low of $14.43 and a 12 month high of $40.11.
CAI International (NYSE:CAI) last posted its 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. The company had revenue of $94.03 million during the quarter, compared to the consensus estimate of $95.66 million. CAI International had a net margin of 20.68% and a return on equity of 11.21%. The company’s revenue for the quarter was up 21.7% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.09) earnings per share. equities research analysts predict that CAI International, Inc. will post 3.87 EPS for the current fiscal year.
Several research analysts have weighed in on the stock. Zacks Investment Research lowered shares of CAI International from a “buy” rating to a “hold” rating in a research note on Thursday, January 25th. ValuEngine upgraded shares of CAI International from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 2nd. Cowen dropped their price objective on shares of CAI International from $46.00 to $40.00 and set an “outperform” rating on the stock in a research note on Thursday, February 15th. William Blair reiterated an “outperform” rating on shares of CAI International in a research note on Tuesday, February 6th. Finally, Wells Fargo upgraded shares of CAI International from a “market perform” rating to an “outperform” rating and set a $35.00 price objective on the stock in a research note on Wednesday, February 14th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $33.20.
In other CAI International news, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 24.50% of the company’s stock.
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CAI International Profile
CAI International, Inc operates as transportation finance and logistics company in the United States and internationally. The company operates through three segments: Container Leasing, Rail Leasing, and Logistics. It leases, re-leases, and disposes equipment; and contracts for the repair, repositioning, and storage of equipment.
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