69,725 Shares in CAI International Inc (CAI) Purchased by Allianz Asset Management GmbH
Allianz Asset Management GmbH acquired a new position in shares of CAI International Inc (NYSE:CAI) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 69,725 shares of the transportation company’s stock, valued at approximately $2,114,000. Allianz Asset Management GmbH owned 0.36% of CAI International as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Convergence Investment Partners LLC bought a new stake in shares of CAI International during the third quarter worth $1,371,000. OxFORD Asset Management LLP bought a new stake in shares of CAI International in the third quarter valued at about $434,000. Dimensional Fund Advisors LP raised its holdings in shares of CAI International by 15.7% in the third quarter. Dimensional Fund Advisors LP now owns 1,627,880 shares of the transportation company’s stock valued at $49,358,000 after acquiring an additional 220,782 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of CAI International by 7.4% in the third quarter. Schwab Charles Investment Management Inc. now owns 62,904 shares of the transportation company’s stock valued at $1,908,000 after acquiring an additional 4,320 shares in the last quarter. Finally, JPMorgan Chase & Co. bought a new stake in shares of CAI International in the third quarter valued at about $11,979,000. 69.10% of the stock is owned by institutional investors.
Shares of CAI International Inc (NYSE CAI) opened at $29.06 on Monday. The company has a market capitalization of $559.93, a P/E ratio of 15.71, a P/E/G ratio of 1.44 and a beta of 2.25. CAI International Inc has a 52-week low of $8.41 and a 52-week high of $40.11. The company has a debt-to-equity ratio of 2.91, a current ratio of 0.39 and a quick ratio of 0.39.
CAI International (NYSE:CAI) last issued its earnings results on Thursday, October 19th. The transportation company reported $0.90 EPS for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.20. The firm had revenue of $90.16 million for the quarter, compared to analyst estimates of $89.43 million. CAI International had a return on equity of 7.11% and a net margin of 10.93%. CAI International’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.16 earnings per share. equities analysts expect that CAI International Inc will post 2.64 EPS for the current year.
CAI has been the topic of several analyst reports. ValuEngine lowered CAI International from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Cowen reiterated a “hold” rating and issued a $28.00 target price on shares of CAI International in a research note on Wednesday, October 4th. Zacks Investment Research upgraded CAI International from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a research note on Thursday, October 19th. William Blair restated an “outperform” rating on shares of CAI International in a research note on Friday, October 20th. Finally, Wells Fargo & Co boosted their price target on CAI International from $26.00 to $32.00 and gave the stock a “market perform” rating in a research note on Friday, October 20th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $35.80.
In other CAI International news, VP Camille Cutino sold 23,386 shares of the business’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $37.18, for a total value of $869,491.48. Following the completion of the transaction, the vice president now directly owns 71,640 shares of the company’s stock, valued at $2,663,575.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David G. Remington sold 11,724 shares of the business’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $37.50, for a total value of $439,650.00. Following the completion of the transaction, the director now directly owns 13,041 shares of the company’s stock, valued at $489,037.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 123,111 shares of company stock worth $4,403,869. 24.50% of the stock is owned by insiders.
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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.
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