JPMorgan Chase & Co. reduced its stake in shares of CAI International Inc (NYSE:CAI) by 7.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 363,253 shares of the transportation company’s stock after selling 30,750 shares during the quarter. JPMorgan Chase & Co. owned 1.77% of CAI International worth $7,723,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in CAI. Victory Capital Management Inc. purchased a new stake in shares of CAI International during the 1st quarter valued at about $165,000. MetLife Investment Advisors LLC purchased a new stake in shares of CAI International during the 4th quarter valued at about $230,000. Municipal Employees Retirement System of Michigan purchased a new stake in shares of CAI International during the 4th quarter valued at about $330,000. Jefferies Group LLC purchased a new stake in shares of CAI International during the 4th quarter valued at about $494,000. Finally, American Century Companies Inc. raised its holdings in shares of CAI International by 84.8% during the 4th quarter. American Century Companies Inc. now owns 21,534 shares of the transportation company’s stock valued at $610,000 after buying an additional 9,881 shares during the period. Institutional investors and hedge funds own 79.73% of the company’s stock.
In other news, Director Andrew Ogawa sold 1,225,214 shares of the business’s stock in a transaction that occurred on Tuesday, May 1st. The stock was sold at an average price of $22.81, for a total value of $27,947,131.34. Following the completion of the sale, the director now directly owns 92,854 shares in the company, valued at approximately $2,117,999.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Victor Garcia purchased 9,921 shares of the stock in a transaction dated Friday, May 11th. The stock was purchased at an average price of $25.00 per share, with a total value of $248,025.00. Following the completion of the acquisition, the chief executive officer now directly owns 9,921 shares in the company, valued at approximately $248,025. The disclosure for this purchase can be found here. Insiders have acquired a total of 22,000 shares of company stock worth $542,500 over the last 90 days. 13.80% of the stock is owned by company insiders.
CAI stock opened at $21.57 on Tuesday. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 2.52. CAI International Inc has a 52-week low of $19.35 and a 52-week high of $40.11. The company has a market cap of $457.84 million, a price-to-earnings ratio of 7.52, a price-to-earnings-growth ratio of 0.72 and a beta of 2.26.
CAI International (NYSE:CAI) last posted its quarterly earnings data on Thursday, April 26th. The transportation company reported $0.83 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.83. CAI International had a return on equity of 12.58% and a net margin of 23.17%. The company had revenue of $95.37 million for the quarter, compared to the consensus estimate of $95.30 million. During the same period in the previous year, the business earned $0.27 EPS. CAI International’s revenue for the quarter was up 17.0% compared to the same quarter last year. equities analysts forecast that CAI International Inc will post 3.86 EPS for the current fiscal year.
Several brokerages recently commented on CAI. ValuEngine downgraded CAI International from a “hold” rating to a “sell” rating in a report on Monday, June 18th. Zacks Investment Research upgraded CAI International from a “sell” rating to a “hold” rating in a report on Tuesday, May 1st. William Blair reiterated an “outperform” rating on shares of CAI International in a report on Thursday, April 12th. Finally, Compass Point started coverage on CAI International in a report on Monday, April 23rd. They set a “buy” rating and a $36.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $33.67.
About CAI International
CAI International, Inc operates as transportation finance and logistics company in the United States and internationally. The company operates through three segments: Container Leasing, Rail Leasing, and Logistics. It leases, re-leases, and disposes equipment; and contracts for the repair, repositioning, and storage of equipment.
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