Dimensional Fund Advisors LP Lowers Position in CAI International, Inc. (NYSE:CAI)

Dimensional Fund Advisors LP reduced its stake in CAI International, Inc. (NYSE:CAI) by 1.2% in the second quarter, HoldingsChannel reports. The institutional investor owned 1,377,870 shares of the transportation company’s stock after selling 16,836 shares during the quarter. Dimensional Fund Advisors LP owned 0.08% of CAI International worth $77,160,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Donald Smith & CO. Inc. grew its stake in shares of CAI International by 26.2% during the 2nd quarter. Donald Smith & CO. Inc. now owns 168,793 shares of the transportation company’s stock worth $9,452,000 after acquiring an additional 34,999 shares during the period. GSA Capital Partners LLP bought a new position in shares of CAI International during the 2nd quarter worth $281,000. Maverick Capital Ltd. bought a new position in shares of CAI International during the 1st quarter worth $821,000. Shell Asset Management Co. grew its stake in shares of CAI International by 5.8% during the 2nd quarter. Shell Asset Management Co. now owns 16,914 shares of the transportation company’s stock worth $947,000 after acquiring an additional 920 shares during the period. Finally, Alliancebernstein L.P. grew its stake in shares of CAI International by 18.9% during the 1st quarter. Alliancebernstein L.P. now owns 11,058 shares of the transportation company’s stock worth $503,000 after acquiring an additional 1,758 shares during the period. 87.64% of the stock is owned by institutional investors and hedge funds.

NYSE:CAI opened at $55.94 on Thursday. The business’s 50-day moving average price is $55.90 and its two-hundred day moving average price is $50.39. CAI International, Inc. has a twelve month low of $25.21 and a twelve month high of $56.22. The stock has a market cap of $971.01 million, a P/E ratio of 10.42 and a beta of 1.49. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 2.62.

CAI International (NYSE:CAI) last announced its quarterly earnings data on Tuesday, August 3rd. The transportation company reported $2.04 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.74 by $0.30. The company had revenue of $85.70 million for the quarter, compared to analysts’ expectations of $82.93 million. CAI International had a return on equity of 20.59% and a net margin of 31.60%. On average, equities research analysts expect that CAI International, Inc. will post 7.78 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 27th. Investors of record on Friday, September 10th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, September 9th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.15%. CAI International’s dividend payout ratio is 23.72%.

Several research analysts have commented on CAI shares. William Blair downgraded CAI International from an “outperform” rating to a “market perform” rating in a research note on Friday, June 18th. Zacks Investment Research downgraded CAI International from a “buy” rating to a “hold” rating in a research note on Tuesday, October 5th. B. Riley downgraded CAI International from a “buy” rating to a “neutral” rating in a research note on Friday, June 18th. Finally, Keefe, Bruyette & Woods downgraded CAI International from an “outperform” rating to a “market perform” rating and set a $56.00 target price for the company. in a research note on Tuesday, June 29th.

About CAI International

CAI International, Inc is a transportation finance and logistics company, which engages in the provision of intermodal shipping containers. The company was founded by Hiromitsu Ogawa on August 3, 1989 and is headquartered in San Francisco, CA.

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Institutional Ownership by Quarter for CAI International (NYSE:CAI)

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