Insider Selling: CAI International, Inc. (CAI) Director Sells 693,927 Shares of Stock
CAI International, Inc. (NYSE:CAI) Director Hiromitsu Ogawa sold 693,927 shares of CAI International stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $26.60, for a total value of $18,458,458.20. Following the transaction, the director now directly owns 712,433 shares of the company’s stock, valued at $18,950,717.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
CAI International, Inc. (NYSE:CAI) traded up 2.08% during trading on Friday, reaching $27.99. The company’s stock had a trading volume of 422,659 shares. The firm has a market capitalization of $536.57 million, a P/E ratio of 40.86 and a beta of 2.20. The firm has a 50-day moving average price of $28.63 and a 200-day moving average price of $21.75. CAI International, Inc. has a 52 week low of $6.75 and a 52 week high of $31.61.
CAI International (NYSE:CAI) last released its earnings results on Wednesday, July 26th. The transportation company reported $0.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.09. The company had revenue of $82.69 million during the quarter, compared to analyst estimates of $85.18 million. CAI International had a return on equity of 4.13% and a net margin of 4.14%. The company’s revenue for the quarter was up 15.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.19 earnings per share. On average, equities analysts anticipate that CAI International, Inc. will post $2.33 EPS for the current fiscal year.
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Several hedge funds and other institutional investors have recently bought and sold shares of CAI. Citadel Advisors LLC increased its position in CAI International by 3.2% during the second quarter. Citadel Advisors LLC now owns 11,245 shares of the transportation company’s stock worth $265,000 after buying an additional 347 shares during the last quarter. Teachers Advisors LLC boosted its holdings in CAI International by 2.0% during the fourth quarter. Teachers Advisors LLC now owns 26,438 shares of the transportation company’s stock valued at $229,000 after acquiring an additional 520 shares during the period. American International Group Inc. boosted its holdings in CAI International by 7.1% during the first quarter. American International Group Inc. now owns 9,650 shares of the transportation company’s stock valued at $152,000 after acquiring an additional 637 shares during the period. State Board of Administration of Florida Retirement System boosted its holdings in CAI International by 18.9% during the first quarter. State Board of Administration of Florida Retirement System now owns 13,425 shares of the transportation company’s stock valued at $211,000 after acquiring an additional 2,130 shares during the period. Finally, Prudential Financial Inc. boosted its holdings in CAI International by 1.0% during the first quarter. Prudential Financial Inc. now owns 271,446 shares of the transportation company’s stock valued at $4,273,000 after acquiring an additional 2,600 shares during the period. 58.10% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have weighed in on CAI shares. ValuEngine downgraded CAI International from a “buy” rating to a “hold” rating in a research report on Thursday, August 24th. Cowen and Company reissued a “hold” rating and set a $28.00 price target on shares of CAI International in a research report on Friday, September 1st. Keefe, Bruyette & Woods reissued a “hold” rating and set a $26.00 price target on shares of CAI International in a research report on Friday, July 14th. Finally, TheStreet raised CAI International from a “d+” rating to a “c” rating in a research report on Wednesday, July 26th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $24.75.
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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