Nordea Investment Management AB bought a new position in shares of CAI International, Inc. (NYSE:CAI) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 188,600 shares of the transportation company’s stock, valued at approximately $5,718,000. Nordea Investment Management AB owned approximately 0.98% of CAI International as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CAI. ClariVest Asset Management LLC boosted its holdings in CAI International by 2,235.5% during the third quarter. ClariVest Asset Management LLC now owns 414,551 shares of the transportation company’s stock valued at $12,568,000 after purchasing an additional 396,801 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in CAI International by 9.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,295,357 shares of the transportation company’s stock valued at $20,389,000 after purchasing an additional 114,781 shares in the last quarter. Royce & Associates LP boosted its holdings in CAI International by 26.9% during the second quarter. Royce & Associates LP now owns 325,162 shares of the transportation company’s stock valued at $7,674,000 after purchasing an additional 69,000 shares in the last quarter. TIAA CREF Investment Management LLC boosted its holdings in CAI International by 80.2% during the second quarter. TIAA CREF Investment Management LLC now owns 141,547 shares of the transportation company’s stock valued at $3,341,000 after purchasing an additional 62,988 shares in the last quarter. Finally, 361 Capital LLC boosted its holdings in CAI International by 343.3% during the third quarter. 361 Capital LLC now owns 77,533 shares of the transportation company’s stock valued at $2,351,000 after purchasing an additional 60,045 shares in the last quarter. 69.22% of the stock is currently owned by institutional investors.

In other news, insider Victor Garcia sold 41,407 shares of CAI International stock in a transaction that occurred on 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 completion of the transaction, the insider now owns 68,307 shares in the company, valued at $2,465,882.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David G. Remington sold 11,724 shares of CAI International stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $489,037.50. The disclosure for this sale can be found here. Insiders sold 791,214 shares of company stock valued at $22,015,109 in the last quarter. 24.50% of the stock is currently owned by corporate insiders.

Shares of CAI International, Inc. (NYSE:CAI) opened at $32.78 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 debt-to-equity ratio of 2.91, a quick ratio of 0.39 and a current ratio of 0.39. The firm has a market capitalization of $659.93, a P/E ratio of 19.80, a price-to-earnings-growth ratio of 1.62 and a beta of 2.26.

CAI International (NYSE:CAI) last posted its earnings results on Thursday, October 19th. The transportation company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.20. CAI International had a net margin of 10.93% and a return on equity of 7.11%. The company had revenue of $90.16 million during the quarter, compared to analysts’ expectations of $89.43 million. During the same quarter in the previous year, the company posted $0.16 earnings per share. CAI International’s quarterly revenue was up 14.9% compared to the same quarter last year. equities research analysts predict that CAI International, Inc. will post 2.64 EPS for the current fiscal year.

A number of equities research analysts have weighed in on CAI shares. ValuEngine downgraded CAI International from a “strong-buy” rating to a “buy” rating in a report on Friday. Cowen reaffirmed a “hold” rating and set a $28.00 price objective on shares of CAI International in a report on Wednesday, October 4th. Zacks Investment Research raised CAI International from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a report on Thursday, October 19th. William Blair reaffirmed an “outperform” rating on shares of CAI International in a report on Friday, October 20th. Finally, Wells Fargo & Company lifted their price objective on CAI International from $26.00 to $32.00 and gave the company a “market perform” rating in a report on Friday, October 20th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $35.80.

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

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