CAI International, Inc. (CAI) Director Gary Sawka Sells 3,365 Shares

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.

TRADEMARK VIOLATION WARNING: “CAI International, Inc. (CAI) Director Gary Sawka Sells 3,365 Shares” was published by Community Financial News and is owned by of Community Financial News. If you are accessing this piece on another site, it was illegally copied and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this piece can be read at https://www.com-unik.info/2017/11/04/cai-international-inc-cai-director-gary-sawka-sells-3365-shares.html.

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.

What are top analysts saying about CAI International Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for CAI International Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit