CAI International, Inc. (CAI) Director David G. Remington Sells 11,600 Shares
CAI International, Inc. (NYSE:CAI) Director David G. Remington sold 11,600 shares of CAI International stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $32.63, for a total transaction of $378,508.00. Following the sale, the director now owns 4,581 shares of the company’s stock, valued at $149,478.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
CAI International, Inc. (NYSE CAI) traded up $1.13 during trading hours on Thursday, hitting $32.77. 342,784 shares of the stock were exchanged, compared to its average volume of 192,903. The stock has a market cap of $622.94, a P/E ratio of 18.69, a PEG ratio of 1.53 and a beta of 2.25. 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 12-month low of $8.41 and a 12-month high of $40.11.
CAI International (NYSE:CAI) last announced its quarterly earnings results on Thursday, October 19th. The transportation company reported $0.90 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.20. The company had revenue of $90.16 million for the quarter, compared to analysts’ expectations of $89.43 million. CAI International had a net margin of 10.93% and a return on equity of 7.11%. CAI International’s revenue was up 14.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.16 EPS. analysts expect that CAI International, Inc. will post 2.64 EPS for the current fiscal year.
Institutional investors and hedge funds have recently bought and sold shares of the business. Quotient Investors LLC bought a new position in CAI International during the 3rd quarter valued at about $224,000. Cubist Systematic Strategies LLC bought a new position in shares of CAI International in the 3rd quarter worth approximately $276,000. Brandywine Global Investment Management LLC lifted its stake in shares of CAI International by 41.1% in the 2nd quarter. Brandywine Global Investment Management LLC now owns 10,204 shares of the transportation company’s stock worth $241,000 after purchasing an additional 2,974 shares during the period. Alliancebernstein L.P. bought a new position in shares of CAI International in the 2nd quarter worth approximately $248,000. Finally, Voya Investment Management LLC bought a new position in shares of CAI International in the 2nd quarter worth approximately $253,000. Institutional investors and hedge funds own 69.10% of the company’s stock.
Several brokerages have issued reports on CAI. SunTrust Banks reiterated a “buy” rating and set a $40.00 target price on shares of CAI International in a research report on Friday, October 20th. ValuEngine upgraded shares of CAI International from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Cowen restated a “hold” rating and issued a $34.00 price objective on shares of CAI International in a report on Thursday, October 19th. William Blair reaffirmed an “outperform” rating on shares of CAI International in a research note on Friday, October 20th. Finally, Zacks Investment Research downgraded shares of CAI International from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. CAI International currently has an average rating of “Buy” and a consensus target price of $35.80.
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About CAI International
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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