CAI International, Inc. (NYSE:CAI) CFO Timothy B. Page sold 11,405 shares of CAI International stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $35.93, for a total transaction of $409,781.65. Following the sale, the chief financial officer now owns 10,184 shares in the company, valued at $365,911.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of CAI International, Inc. (NYSE:CAI) opened at $35.76 on Tuesday. CAI International, Inc. has a one year low of $8.41 and a one year high of $40.11. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 2.91. The firm has a market cap of $695.39, a PE ratio of 20.86, a P/E/G ratio of 1.71 and a beta of 2.32.
CAI International (NYSE:CAI) last released its earnings results on Thursday, October 19th. The transportation company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.20. The firm had revenue of $90.16 million for the quarter, compared to analyst estimates of $89.43 million. CAI International had a return on equity of 7.11% and a net margin of 10.93%. CAI International’s revenue was up 14.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.16 earnings per share. research analysts predict that CAI International, Inc. will post 2.64 EPS for the current year.
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A number of equities research analysts recently weighed in on the stock. TheStreet upgraded shares of CAI International from a “d+” rating to a “c” rating in a research note on Wednesday, July 26th. Cowen and Company lifted their price objective on shares of CAI International from $23.00 to $28.00 and gave the company a “market perform” rating in a research note on Thursday, July 27th. ValuEngine upgraded shares of CAI International from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. SunTrust Banks, Inc. restated a “buy” rating and set a $40.00 price objective on shares of CAI International in a research note on Friday, October 20th. Finally, William Blair restated an “outperform” rating on shares of CAI International in a research note on Friday, October 20th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $35.80.
A number of large investors have recently added to or reduced their stakes in the stock. Royce & Associates LP grew its holdings in CAI International by 1.5% during the third quarter. Royce & Associates LP now owns 330,162 shares of the transportation company’s stock worth $10,011,000 after acquiring an additional 5,000 shares during the period. Allianz Asset Management GmbH acquired a new position in CAI International during the third quarter worth about $2,114,000. Convergence Investment Partners LLC acquired a new position in CAI International during the third quarter worth about $1,371,000. OxFORD Asset Management LLP acquired a new position in CAI International during the third quarter worth about $434,000. Finally, Dimensional Fund Advisors LP grew its holdings 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 acquiring an additional 220,782 shares during the period. 59.87% of the stock is currently owned by hedge funds and other institutional investors.
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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