New York State Common Retirement Fund cut its stake in shares of CAI International, Inc. (NYSE:CAI) by 0.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 15,800 shares of the transportation company’s stock after selling 1 shares during the quarter. New York State Common Retirement Fund owned about 0.08% of CAI International worth $373,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. American International Group Inc. grew its stake in shares of CAI International by 7.1% during the 1st quarter. American International Group Inc. now owns 9,650 shares of the transportation company’s stock worth $152,000 after purchasing an additional 637 shares during the period. Nationwide Fund Advisors grew its stake in shares of CAI International by 23.0% during the 2nd quarter. Nationwide Fund Advisors now owns 17,088 shares of the transportation company’s stock worth $403,000 after purchasing an additional 3,200 shares during the period. Bank of New York Mellon Corp boosted its position in shares of CAI International by 5.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 60,656 shares of the transportation company’s stock worth $1,432,000 after buying an additional 3,232 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of CAI International by 3.1% in the 1st quarter. Geode Capital Management LLC now owns 118,436 shares of the transportation company’s stock worth $1,864,000 after buying an additional 3,611 shares in the last quarter. Finally, Alliancebernstein L.P. purchased a new stake in shares of CAI International in the 2nd quarter worth about $248,000. 59.87% of the stock is currently owned by institutional investors and hedge funds.

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In other CAI International news, insider Victor Garcia sold 41,407 shares of the company’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $36.10, for a total value of $1,494,792.70. Following the transaction, the insider now directly owns 68,307 shares in the company, valued at approximately $2,465,882.70. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director David G. Remington sold 11,724 shares of the company’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $37.50, for a total transaction of $439,650.00. Following the completion of the transaction, the director now owns 13,041 shares in the company, valued at $489,037.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 791,214 shares of company stock worth $22,015,109. 24.50% of the stock is owned by insiders.

Shares of CAI International, Inc. (CAI) opened at $36.02 on Friday. The company has a market cap of $664.56, a PE ratio of 19.94, a P/E/G ratio of 1.63 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, Inc. has a 1 year low of $8.41 and a 1 year high of $40.11.

CAI International (NYSE:CAI) last released its earnings results on Thursday, October 19th. The transportation company reported $0.90 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.20. The company had revenue of $90.16 million for the quarter, compared to analyst estimates of $89.43 million. CAI International had a net margin of 10.93% and a return on equity of 7.11%. The firm’s quarterly revenue was up 14.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.16 EPS. analysts anticipate that CAI International, Inc. will post 2.64 earnings per share for the current fiscal year.

Several equities research analysts recently commented on the stock. Cowen and Company upgraded shares of CAI International from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $34.00 to $46.00 in a research report on Monday, October 23rd. William Blair reiterated an “outperform” rating on shares of CAI International in a research report on Friday, October 20th. Wells Fargo & Company boosted their price objective on shares of CAI International from $26.00 to $32.00 and gave the stock a “market perform” rating in a research report on Friday, October 20th. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $40.00 price objective on shares of CAI International in a research report on Friday, October 20th. Finally, Zacks Investment Research upgraded shares of CAI International from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a research report on Thursday, October 19th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $35.80.

CAI International 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.

Institutional Ownership by Quarter for CAI International (NYSE:CAI)

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