CAI International, Inc. (NYSE:CAI) Director Gary Sawka sold 3,365 shares of the business’s stock in a transaction 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 transaction, the director now owns 3,541 shares in the company, valued at approximately $131,017. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Gary Sawka also recently made the following trade(s):
- On Thursday, November 2nd, Gary Sawka sold 3,000 shares of CAI International stock. The shares were sold at an average price of $36.50, for a total transaction of $109,500.00.
Shares of CAI International, Inc. (CAI) traded down $0.55 during mid-day trading on Friday, reaching $35.93. The company’s stock had a trading volume of 213,876 shares, compared to its average volume of 252,555. CAI International, Inc. has a 12 month low of $7.05 and a 12 month high of $40.11. The stock has a market cap of $692.30, a price-to-earnings ratio of 21.09, a P/E/G ratio of 1.73 and a beta of 2.32. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 2.91.
CAI International (NYSE:CAI) last issued its earnings results on Thursday, October 19th. The transportation company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.20. CAI International had a return on equity of 7.11% and a net margin of 10.93%. The business had revenue of $90.16 million during the quarter, compared to the consensus estimate of $89.43 million. During the same period last year, the company earned $0.16 EPS. The company’s revenue for the quarter was up 14.9% on a year-over-year basis. equities research analysts predict that CAI International, Inc. will post 2.64 earnings per share for the current year.
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Institutional investors and hedge funds have recently modified their holdings of the business. Schwab Charles Investment Management Inc. increased its stake in shares of CAI International by 116.2% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 75,761 shares of the transportation company’s stock worth $1,193,000 after acquiring an additional 40,717 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of CAI International by 451.7% in the 1st quarter. Wells Fargo & Company MN now owns 51,880 shares of the transportation company’s stock worth $816,000 after acquiring an additional 42,476 shares during the last quarter. Royce & Associates LP increased its stake in shares of CAI International by 26.9% in the 2nd quarter. Royce & Associates LP now owns 325,162 shares of the transportation company’s stock worth $7,674,000 after acquiring an additional 69,000 shares during the last quarter. 361 Capital LLC acquired a new stake in shares of CAI International in the 2nd quarter worth $413,000. Finally, Chicago Equity Partners LLC acquired a new stake in shares of CAI International in the 2nd quarter worth $925,000. 58.27% of the stock is owned by institutional investors and hedge funds.
CAI has been the subject of a number of research reports. ValuEngine raised shares of CAI International from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. SunTrust Banks, Inc. restated a “buy” rating and set a $40.00 price objective on shares of CAI International in a report on Friday, October 20th. Cowen and Company upped their price objective on shares of CAI International from $23.00 to $28.00 and gave the company a “market perform” rating in a report on Thursday, July 27th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $26.00 price target on shares of CAI International in a report on Friday, July 14th. Finally, Wells Fargo & Company increased their price target 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. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $35.80.
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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