Dimensional Fund Advisors LP boosted its position in shares of CAI International, Inc. (NYSE:CAI) by 9.7% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 1,295,357 shares of the transportation company’s stock after buying an additional 114,781 shares during the period. Dimensional Fund Advisors LP owned 6.81% of CAI International worth $20,389,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Wells Fargo & Company MN boosted its stake in CAI International by 451.7% in the first quarter. Wells Fargo & Company MN now owns 51,880 shares of the transportation company’s stock worth $816,000 after buying an additional 42,476 shares in the last quarter. Prudential Financial Inc. boosted its stake in CAI International by 1.0% in the first quarter. Prudential Financial Inc. now owns 271,446 shares of the transportation company’s stock worth $4,273,000 after buying an additional 2,600 shares in the last quarter. Pacific Ridge Capital Partners LLC boosted its stake in CAI International by 22.1% in the first quarter. Pacific Ridge Capital Partners LLC now owns 433,203 shares of the transportation company’s stock worth $6,819,000 after buying an additional 78,295 shares in the last quarter. State Street Corp boosted its stake in CAI International by 2.6% in the fourth quarter. State Street Corp now owns 274,642 shares of the transportation company’s stock worth $2,381,000 after buying an additional 6,892 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its stake in 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 buying an additional 2,130 shares in the last quarter. Institutional investors and hedge funds own 58.48% of the company’s stock.
CAI International, Inc. (NYSE:CAI) traded up 3.58% during mid-day trading on Friday, reaching $27.46. 71,846 shares of the company were exchanged. The firm has a market capitalization of $526.41 million, a P/E ratio of 40.09 and a beta of 2.21. The stock has a 50-day moving average of $25.25 and a 200 day moving average of $19.43. CAI International, Inc. has a 1-year low of $6.75 and a 1-year high of $29.11.
CAI International (NYSE:CAI) last announced its quarterly 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 firm had revenue of $82.69 million during the quarter, compared to the consensus estimate of $85.18 million. CAI International had a return on equity of 4.13% and a net margin of 4.14%. The firm’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.19 earnings per share. Equities research analysts forecast that CAI International, Inc. will post $2.33 earnings per share for the current year.
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CAI has been the topic of a number of recent analyst reports. SunTrust Banks, Inc. restated a “buy” rating and issued a $24.00 price target (up from $20.00) on shares of CAI International in a report on Sunday, April 23rd. Zacks Investment Research cut shares of CAI International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 18th. ValuEngine upgraded shares of CAI International from a “hold” rating to a “buy” rating in a report on Friday, July 28th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $26.00 target price on shares of CAI International in a research note on Friday, July 14th. Finally, TheStreet upgraded shares of CAI International from a “d+” rating to a “c” rating in a research note on Wednesday, July 26th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $24.75.
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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