Victory Capital Management Inc. grew its position in CAI International Inc (NYSE:CAI) by 27.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,791 shares of the transportation company’s stock after acquiring an additional 4,269 shares during the quarter. Victory Capital Management Inc. owned about 0.11% of CAI International worth $280,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Great West Life Assurance Co. Can acquired a new stake in shares of CAI International in the fourth quarter valued at approximately $29,000. Bank of Montreal Can boosted its holdings in shares of CAI International by 69.6% in the fourth quarter. Bank of Montreal Can now owns 2,444 shares of the transportation company’s stock valued at $71,000 after acquiring an additional 1,003 shares during the period. Caxton Associates LP acquired a new stake in shares of CAI International in the fourth quarter valued at approximately $256,000. IndexIQ Advisors LLC acquired a new stake in shares of CAI International in the first quarter valued at approximately $196,000. Finally, Trexquant Investment LP acquired a new stake in shares of CAI International in the fourth quarter valued at approximately $405,000. 85.49% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts recently weighed in on the company. Keefe, Bruyette & Woods downgraded CAI International from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $21.00 to $18.00 in a report on Monday, June 15th. ValuEngine downgraded CAI International from a “hold” rating to a “sell” rating in a report on Tuesday, April 7th. Zacks Investment Research downgraded CAI International from a “hold” rating to a “sell” rating in a report on Monday, May 25th. Finally, TheStreet downgraded CAI International from a “c” rating to a “d-” rating in a report on Monday, May 18th. Three equities research analysts have rated the stock with a sell rating and two have given a hold rating to the stock. CAI International presently has a consensus rating of “Sell” and a consensus target price of $19.67.
CAI International (NYSE:CAI) last released its quarterly earnings data on Tuesday, May 5th. The transportation company reported $0.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.17. The firm had revenue of $105.02 million during the quarter, compared to analysts’ expectations of $96.50 million. CAI International had a return on equity of 9.48% and a net margin of 3.79%. On average, analysts predict that CAI International Inc will post 2.26 EPS for the current year.
CAI International Company 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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