CAI International (CAI) Shares Up 5.4%
CAI International Inc (NYSE:CAI) shot up 5.4% on Tuesday . The stock traded as high as $24.54 and last traded at $23.09. 773,558 shares were traded during mid-day trading, an increase of 117% from the average session volume of 356,166 shares. The stock had previously closed at $21.90.
A number of research analysts have recently commented on CAI shares. Cowen upgraded CAI International from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $34.00 to $46.00 in a report on Monday, October 23rd. ValuEngine lowered CAI International from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. Zacks Investment Research lowered CAI International from a “buy” rating to a “hold” rating in a report on Thursday, January 25th. William Blair reiterated an “outperform” rating on shares of CAI International in a report on Tuesday, February 6th. Finally, Wells Fargo & Co upgraded CAI International from a “market perform” rating to an “outperform” rating and set a $35.00 price target for the company in a report on Wednesday, February 14th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. CAI International has a consensus rating of “Buy” and an average target price of $33.20.
The stock has a market capitalization of $444.90, a price-to-earnings ratio of 8.25, a P/E/G ratio of 0.70 and a beta of 2.11. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 2.91.
In other news, Director David G. Remington sold 11,600 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $32.63, for a total transaction of $378,508.00. Following the sale, the director now directly owns 4,581 shares in the company, valued at $149,478.03. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Timothy B. Page sold 10,184 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $33.06, for a total value of $336,683.04. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,824 shares of company stock worth $847,218. 24.50% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Acadian Asset Management LLC bought a new stake in shares of CAI International during the fourth quarter valued at approximately $165,000. C M Bidwell & Associates Ltd. grew its position in CAI International by 167.1% in the fourth quarter. C M Bidwell & Associates Ltd. now owns 7,560 shares of the transportation company’s stock valued at $214,000 after acquiring an additional 4,730 shares during the period. MetLife Investment Advisors LLC bought a new stake in CAI International in the fourth quarter valued at $230,000. Alliancebernstein L.P. bought a new stake in CAI International in the second quarter valued at $248,000. Finally, Voya Investment Management LLC bought a new stake in CAI International in the second quarter valued at $253,000. Institutional investors and hedge funds own 70.65% of the company’s stock.
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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