ClariVest Asset Management LLC raised its holdings in CAI International, Inc. (NYSE:CAI) by 1.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 380,089 shares of the transportation company’s stock after acquiring an additional 6,268 shares during the quarter. ClariVest Asset Management LLC owned about 1.85% of CAI International worth $8,082,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the business. Acadian Asset Management LLC acquired a new stake in CAI International in the fourth quarter worth $165,000. Victory Capital Management Inc. acquired a new stake in CAI International in the first quarter worth $165,000. C M Bidwell & Associates Ltd. raised its holdings in CAI International by 167.1% in the fourth quarter. C M Bidwell & Associates Ltd. now owns 7,560 shares of the transportation company’s stock worth $214,000 after purchasing an additional 4,730 shares during the period. MetLife Investment Advisors LLC acquired a new stake in CAI International in the fourth quarter worth $230,000. Finally, Municipal Employees Retirement System of Michigan acquired a new stake in CAI International in the fourth quarter worth $330,000. 75.18% of the stock is currently owned by hedge funds and other institutional investors.
In related news, CEO Victor Garcia acquired 2,079 shares of the company’s stock in a transaction that occurred on Monday, May 14th. The shares were acquired at an average cost of $25.00 per share, for a total transaction of $51,975.00. 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Andrew Ogawa sold 1,225,214 shares of the firm’s stock in a transaction on Tuesday, May 1st. The stock was sold at an average price of $22.81, for a total transaction of $27,947,131.34. Following the sale, the director now owns 92,854 shares in the company, valued at $2,117,999.74. The disclosure for this sale can be found here. Company insiders own 24.50% of the company’s stock.
CAI International (NYSE:CAI) last issued its quarterly earnings data on Thursday, April 26th. The transportation company reported $0.83 EPS for the quarter, hitting analysts’ consensus estimates of $0.83. CAI International had a net margin of 23.17% and a return on equity of 12.58%. The business had revenue of $95.37 million for the quarter, compared to analyst estimates of $95.30 million. During the same period last year, the business posted $0.27 earnings per share. The firm’s quarterly revenue was up 17.0% on a year-over-year basis. research analysts predict that CAI International, Inc. will post 3.86 earnings per share for the current year.
CAI has been the topic of several analyst reports. Zacks Investment Research upgraded shares of CAI International from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Monday, February 19th. William Blair reiterated an “outperform” rating on shares of CAI International in a report on Tuesday, February 6th. ValuEngine upgraded shares of CAI International from a “hold” rating to a “buy” rating in a report on Tuesday, May 1st. Wells Fargo upgraded shares of CAI International from a “market perform” rating to an “outperform” rating and set a $35.00 target price on the stock in a report on Wednesday, February 14th. Finally, Cowen cut their target price 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. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. CAI International has an average rating of “Buy” and a consensus target price of $33.67.
CAI International Profile
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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