Swiss National Bank purchased a new position in shares of CAI International Inc (NYSE:CAI) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 26,200 shares of the transportation company’s stock, valued at approximately $742,000. Swiss National Bank owned about 0.14% of CAI International as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also recently added to or reduced their stakes in CAI. Northern Trust Corp boosted its holdings in CAI International by 7.4% during the second quarter. Northern Trust Corp now owns 188,835 shares of the transportation company’s stock worth $4,457,000 after purchasing an additional 13,030 shares during the last quarter. Vanguard Group Inc. boosted its holdings in CAI International by 3.8% during the second quarter. Vanguard Group Inc. now owns 680,462 shares of the transportation company’s stock worth $16,059,000 after purchasing an additional 25,180 shares during the last quarter. Voya Investment Management LLC purchased a new position in CAI International during the second quarter worth about $253,000. State Street Corp boosted its holdings in CAI International by 9.4% during the second quarter. State Street Corp now owns 305,182 shares of the transportation company’s stock worth $7,203,000 after purchasing an additional 26,142 shares during the last quarter. Finally, Nationwide Fund Advisors boosted its holdings in CAI International by 329.5% during the third quarter. Nationwide Fund Advisors now owns 73,388 shares of the transportation company’s stock worth $2,225,000 after purchasing an additional 56,300 shares during the last quarter. Institutional investors and hedge funds own 74.36% of the company’s stock.
Several research analysts recently weighed in on CAI shares. ValuEngine cut shares of CAI International from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. Zacks Investment Research cut shares of CAI International from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th. William Blair restated an “outperform” rating on shares of CAI International in a report on Tuesday, February 6th. Wells Fargo & Co upgraded shares of CAI International from a “market perform” rating to an “outperform” rating and set a $35.00 price target on the stock in a report on Wednesday, February 14th. Finally, Cowen cut their price target on shares of CAI International from $46.00 to $40.00 and set an “outperform” rating on the stock in a report on Thursday, February 15th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $33.20.
In related news, major shareholder Ogawa Family Trust sold 1,250,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $21.58, for a total transaction of $26,975,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 24.50% of the company’s stock.
CAI International Inc (CAI) opened at $22.01 on Friday. The company has a debt-to-equity ratio of 2.79, a current ratio of 0.54 and a quick ratio of 0.54. The firm has a market cap of $447.72, a PE ratio of 7.67, a price-to-earnings-growth ratio of 0.70 and a beta of 2.31. CAI International Inc has a 52 week low of $13.82 and a 52 week high of $40.11.
CAI International (NYSE:CAI) last posted its quarterly earnings results on Wednesday, February 14th. The transportation company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.17. CAI International had a net margin of 20.68% and a return on equity of 11.21%. The company had revenue of $94.03 million for the quarter, compared to analyst estimates of $95.66 million. During the same quarter in the previous year, the firm posted ($0.09) earnings per share. The company’s quarterly revenue was up 21.7% compared to the same quarter last year. equities research analysts anticipate that CAI International Inc will post 3.89 EPS for the current year.
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CAI International 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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