Chicago Equity Partners LLC grew its holdings in CAI International, Inc. (NYSE:CAI) by 57.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 61,535 shares of the transportation company’s stock after buying an additional 22,350 shares during the quarter. Chicago Equity Partners LLC owned 0.32% of CAI International worth $1,866,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the company. Nationwide Fund Advisors boosted its stake in shares of CAI International by 329.5% in the third quarter. Nationwide Fund Advisors now owns 73,388 shares of the transportation company’s stock worth $2,225,000 after acquiring an additional 56,300 shares during the last quarter. Quotient Investors LLC acquired a new stake in shares of CAI International in the third quarter worth approximately $224,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of CAI International in the second quarter worth approximately $698,000. 361 Capital LLC acquired a new stake in shares of CAI International in the second quarter worth approximately $413,000. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of CAI International in the second quarter worth approximately $540,000. 59.87% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have recently issued reports on CAI. TheStreet raised CAI International from a “d+” rating to a “c” rating in a research note on Wednesday, July 26th. Cowen and Company lifted their price target on CAI International from $23.00 to $28.00 and gave the stock a “market perform” rating in a research note on Thursday, July 27th. ValuEngine raised CAI International from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $40.00 price target on shares of CAI International in a research note on Friday, October 20th. Finally, William Blair reaffirmed an “outperform” rating on shares of CAI International in a research note on Friday, October 20th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. CAI International currently has an average rating of “Buy” and a consensus target price of $35.80.
CAI International, Inc. (CAI) opened at $36.09 on Monday. The firm has a market capitalization of $695.39, a price-to-earnings ratio of 20.86, a price-to-earnings-growth ratio of 1.71 and a beta of 2.32. The company has a debt-to-equity ratio of 2.91, a quick ratio of 0.39 and a current ratio of 0.39. CAI International, Inc. has a 12 month low of $8.41 and a 12 month high of $40.11.
CAI International (NYSE:CAI) last released its quarterly earnings data 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 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%. The firm’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.16 earnings per share. equities analysts forecast that CAI International, Inc. will post 2.64 EPS for the current fiscal year.
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In other CAI International news, Director David G. Remington sold 11,724 shares of the business’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $37.50, for a total transaction of $439,650.00. Following the transaction, the director now owns 13,041 shares of the company’s stock, valued at $489,037.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Camille Cutino sold 23,386 shares of the company’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $37.18, for a total value of $869,491.48. Following the completion of the transaction, the vice president now directly owns 71,640 shares in the company, valued at approximately $2,663,575.20. The disclosure for this sale can be found here. Insiders have sold 738,402 shares of company stock worth $20,110,535 in the last three months. 24.50% of the stock is currently owned by corporate insiders.
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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