CAI International Inc (NYSE:CAI) – Equities research analysts at William Blair issued their FY2020 earnings estimates for CAI International in a research report issued on Tuesday. William Blair analyst R. Napoli forecasts that the transportation company will post earnings of $4.84 per share for the year. William Blair currently has a “Outperform” rating on the stock.
Several other equities research analysts have also commented on the company. ValuEngine upgraded CAI International from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 2nd. Zacks Investment Research downgraded shares of CAI International from a “buy” rating to a “hold” rating in a report on Thursday, January 25th. Cowen raised shares of CAI International from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $34.00 to $46.00 in a report on Monday, October 23rd. Wells Fargo & Co upped their target price on shares of CAI International from $26.00 to $32.00 and gave the stock a “market perform” rating in a report on Friday, October 20th. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $40.00 target price on shares of CAI International in a report on Friday, October 20th. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $35.60.
In related news, CFO Timothy B. Page sold 11,405 shares of the company’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $35.93, for a total value of $409,781.65. Following the completion of the transaction, the chief financial officer now owns 10,184 shares of the company’s stock, valued at approximately $365,911.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director David G. Remington sold 11,600 shares of the company’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $32.63, for a total transaction of $378,508.00. Following the completion of the transaction, the director now directly owns 4,581 shares of the company’s stock, valued at approximately $149,478.03. The disclosure for this sale can be found here. Insiders sold a total of 78,636 shares of company stock valued at $2,751,793 in the last ninety days. 24.50% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in CAI. ClariVest Asset Management LLC boosted its holdings in shares of CAI International by 2,235.5% during the 3rd quarter. ClariVest Asset Management LLC now owns 414,551 shares of the transportation company’s stock valued at $12,568,000 after purchasing an additional 396,801 shares during the last quarter. JPMorgan Chase & Co. bought a new position in shares of CAI International during the 3rd quarter valued at about $11,979,000. Dimensional Fund Advisors LP boosted its holdings in shares of CAI International by 15.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,627,880 shares of the transportation company’s stock valued at $49,358,000 after purchasing an additional 220,782 shares during the last quarter. Nordea Investment Management AB bought a new position in shares of CAI International during the 3rd quarter valued at about $5,718,000. Finally, Allianz Asset Management GmbH bought a new position in shares of CAI International during the 3rd quarter valued at about $2,114,000. 68.93% of the stock is owned by institutional investors and hedge funds.
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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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