CAI International, Inc. (NYSE:CAI) insider Victor Garcia sold 41,407 shares of the firm’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $36.10, for a total value of $1,494,792.70. Following the transaction, the insider now directly owns 68,307 shares in the company, valued at $2,465,882.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of CAI International, Inc. (CAI) opened at $35.88 on Wednesday. The company has a debt-to-equity ratio of 2.91, a quick ratio of 0.39 and a current ratio of 0.39. The firm has a market cap of $689.03, a PE ratio of 20.67, a PEG ratio of 1.69 and a beta of 2.32. CAI International, Inc. has a 1-year low of $8.41 and a 1-year high of $40.11.
CAI International (NYSE:CAI) last posted its earnings results on Thursday, October 19th. The transportation company reported $0.90 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.20. The company had revenue of $90.16 million during the quarter, compared to analyst estimates of $89.43 million. CAI International had a net margin of 10.93% and a return on equity of 7.11%. CAI International’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same period in the prior year, the business posted $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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Several institutional investors have recently bought and sold shares of the company. American International Group Inc. lifted its holdings in CAI International by 7.1% in the first quarter. American International Group Inc. now owns 9,650 shares of the transportation company’s stock worth $152,000 after buying an additional 637 shares during the period. Metropolitan Life Insurance Co. NY purchased a new stake in CAI International in the first quarter worth about $184,000. Quotient Investors LLC purchased a new stake in CAI International in the third quarter worth about $224,000. Brandywine Global Investment Management LLC lifted its holdings in CAI International by 41.1% in the second quarter. Brandywine Global Investment Management LLC now owns 10,204 shares of the transportation company’s stock worth $241,000 after buying an additional 2,974 shares during the period. Finally, Alliancebernstein L.P. purchased a new stake in CAI International in the second quarter worth about $248,000. Institutional investors own 59.87% of the company’s stock.
A number of research analysts have recently issued reports on the company. Cowen and Company raised CAI International from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $34.00 to $46.00 in a research note on Monday, October 23rd. William Blair reaffirmed an “outperform” rating on shares of CAI International in a research note on Friday, October 20th. Wells Fargo & Company raised their price objective on CAI International from $26.00 to $32.00 and gave the company a “market perform” rating in a research note on Friday, October 20th. SunTrust Banks, Inc. reiterated a “buy” rating and set a $40.00 target price on shares of CAI International in a report on Friday, October 20th. Finally, Zacks Investment Research upgraded shares of CAI International from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a report on Thursday, October 19th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $35.80.
CAI International Company Profile
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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