CAI International, Inc. (CAI) Position Reduced by Prudential Financial Inc.
Prudential Financial Inc. lowered its position in CAI International, Inc. (NYSE:CAI) by 21.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 214,386 shares of the transportation company’s stock after selling 57,060 shares during the period. Prudential Financial Inc. owned about 1.12% of CAI International worth $5,060,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently made changes to their positions in the stock. Royce & Associates LP lifted its position in CAI International by 26.9% in 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 during the period. Bank of New York Mellon Corp lifted its position in CAI International by 5.6% in the second quarter. Bank of New York Mellon Corp now owns 60,656 shares of the transportation company’s stock valued at $1,432,000 after purchasing an additional 3,232 shares during the period. Trexquant Investment LP acquired a new stake in CAI International in the second quarter valued at about $345,000. Algert Global LLC acquired a new stake in CAI International in the second quarter valued at about $271,000. Finally, James Investment Research Inc. acquired a new stake in CAI International in the second quarter valued at about $1,697,000. Hedge funds and other institutional investors own 58.10% of the company’s stock.
Shares of CAI International, Inc. (NYSE CAI) opened at 28.60 on Tuesday. The company has a 50-day moving average of $28.71 and a 200-day moving average of $22.02. The firm has a market cap of $548.26 million, a P/E ratio of 41.75 and a beta of 2.20. CAI International, Inc. has a 12 month low of $6.75 and a 12 month high of $31.61.
CAI International (NYSE:CAI) last posted its earnings results on Wednesday, July 26th. The transportation company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.09. The firm had revenue of $82.69 million during the quarter, compared to analyst estimates of $85.18 million. CAI International had a net margin of 4.14% and a return on equity of 4.13%. CAI International’s revenue was up 15.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.19 EPS. Equities analysts forecast that CAI International, Inc. will post $2.33 EPS for the current fiscal year.
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A number of equities research analysts recently commented on CAI shares. ValuEngine upgraded shares of CAI International from a “hold” rating to a “buy” rating in a research report on Friday, July 28th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $26.00 price objective on shares of CAI International in a research report on Friday, July 14th. TheStreet upgraded shares of CAI International from a “d+” rating to a “c” rating in a research report on Wednesday, July 26th. Finally, Cowen and Company restated a “hold” rating and issued a $28.00 price objective on shares of CAI International in a research report on Friday, September 1st. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $24.75.
In other CAI International news, Director Hiromitsu Ogawa sold 693,927 shares of the business’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $26.60, for a total transaction of $18,458,458.20. Following the completion of the transaction, the director now directly owns 712,433 shares of the company’s stock, valued at approximately $18,950,717.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 24.50% of the company’s stock.
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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