CAI International, Inc. (NYSE:CAI) Director Gary Sawka sold 3,365 shares of the stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $37.00, for a total transaction of $124,505.00. Following the completion of the sale, the director now owns 3,541 shares in the company, valued at $131,017. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

CAI International (NYSE:CAI) last released its earnings results on Thursday, October 19th. The transportation company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.20. The business had revenue of $90.16 million for the quarter, compared to the consensus estimate of $89.43 million. CAI International had a net margin of 10.93% and a return on equity of 7.11%. The firm’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same period last year, the firm posted $0.16 earnings per share.

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Several analysts have recently commented on the stock. Cowen and Company reiterated a “hold” rating and issued a $34.00 price target on shares of CAI International in a research report on Thursday, October 19th. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $40.00 price target on shares of CAI International in a research report on Friday, October 20th. TheStreet raised shares of CAI International from a “d+” rating to a “c” rating in a research note on Wednesday, July 26th. Zacks Investment Research downgraded shares of CAI International from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $26.00 price objective on shares of CAI International in a research note on Friday, July 14th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $35.80.

Institutional investors have recently added to or reduced their stakes in the company. American International Group Inc. increased its position in shares of 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 acquiring an additional 637 shares in the last quarter. Citadel Advisors LLC increased its position in shares of CAI International by 4.0% in the first quarter. Citadel Advisors LLC now owns 10,898 shares of the transportation company’s stock worth $172,000 after acquiring an additional 421 shares in the last quarter. Metropolitan Life Insurance Co. NY purchased a new position in shares of CAI International in the first quarter worth approximately $184,000. State Board of Administration of Florida Retirement System increased its position in shares of CAI International by 18.9% in the first quarter. State Board of Administration of Florida Retirement System now owns 13,425 shares of the transportation company’s stock worth $211,000 after acquiring an additional 2,130 shares in the last quarter. Finally, Quotient Investors LLC purchased a new position in shares of CAI International in the third quarter worth approximately $224,000. 58.27% of the stock is currently owned by institutional investors and hedge funds.

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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