Alliancebernstein L.P. Purchases New Position in CAI International, Inc. (CAI)
Alliancebernstein L.P. purchased a new position in shares of CAI International, Inc. (NYSE:CAI) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 10,500 shares of the transportation company’s stock, valued at approximately $248,000. Alliancebernstein L.P. owned about 0.05% of CAI International at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. boosted its stake in shares of CAI International by 116.2% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 75,761 shares of the transportation company’s stock worth $1,193,000 after purchasing an additional 40,717 shares during the last quarter. Royce & Associates LP boosted its stake in shares of CAI International by 26.9% during the 2nd quarter. Royce & Associates LP now owns 325,162 shares of the transportation company’s stock worth $7,674,000 after purchasing an additional 69,000 shares during the last quarter. Chicago Equity Partners LLC purchased a new position in shares of CAI International during the 2nd quarter worth about $925,000. Eagle Boston Investment Management Inc. lifted its holdings in shares of CAI International by 3.4% during the 2nd quarter. Eagle Boston Investment Management Inc. now owns 328,636 shares of the transportation company’s stock worth $7,755,000 after acquiring an additional 10,882 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of CAI International by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 655,282 shares of the transportation company’s stock worth $10,314,000 after acquiring an additional 11,401 shares during the period. 58.27% of the stock is currently owned by institutional investors.
In related news, CFO Timothy B. Page sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $36.31, for a total value of $108,930.00. Following the transaction, the chief financial officer now owns 24,489 shares in the company, valued at $889,195.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Hiromitsu Ogawa sold 693,927 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $26.60, for a total transaction of $18,458,458.20. Following the completion of the transaction, the director now owns 712,433 shares in the company, valued at approximately $18,950,717.80. The disclosure for this sale can be found here. Insiders sold 738,402 shares of company stock worth $20,110,535 in the last 90 days. 24.50% of the stock is currently owned by insiders.
Several brokerages have recently weighed in on CAI. TheStreet upgraded shares of CAI International from a “d+” rating to a “c” rating in a report on Wednesday, July 26th. Cowen and Company increased their price objective on shares of CAI International from $23.00 to $28.00 and gave the stock a “market perform” rating in a report on Thursday, July 27th. ValuEngine upgraded shares of CAI International from a “hold” rating to a “buy” rating in a report on Friday, September 1st. SunTrust Banks, Inc. reiterated a “buy” rating and set a $40.00 price objective on shares of CAI International in a report on Friday, October 20th. Finally, William Blair reiterated an “outperform” rating on shares of CAI International in a report on Friday, October 20th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. CAI International has a consensus rating of “Buy” and an average price target of $35.80.
CAI International, Inc. (CAI) opened at $36.09 on Friday. CAI International, Inc. has a 1-year low of $8.41 and a 1-year high of $40.11. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 2.91. The firm has a market cap of $695.38, a PE ratio of 20.86, a PEG ratio of 1.71 and a beta of 2.32.
CAI International (NYSE:CAI) last posted its quarterly earnings results on Thursday, October 19th. The transportation company reported $0.90 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.20. CAI International had a net margin of 10.93% and a return on equity of 7.11%. The firm had revenue of $90.16 million for the quarter, compared to analyst estimates of $89.43 million. During the same quarter last year, the firm posted $0.16 earnings per share. CAI International’s revenue for the quarter was up 14.9% compared to the same quarter last year. research analysts anticipate that CAI International, Inc. will post 2.64 earnings per share for the current year.
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.
Want to see what other hedge funds are holding CAI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CAI International, Inc. (NYSE:CAI).
Receive News & Stock Ratings for CAI International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CAI International Inc. and related stocks with our FREE daily email newsletter.