Insider Selling: CAI International, Inc. (CAI) Insider Sells $1,494,792.70 in Stock
CAI International, Inc. (NYSE:CAI) insider Victor Garcia sold 41,407 shares of the company’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $36.10, for a total value of $1,494,792.70. Following the sale, the insider now owns 68,307 shares of the company’s stock, valued at approximately $2,465,882.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of CAI International, Inc. (NYSE:CAI) opened at $34.49 on Thursday. CAI International, Inc. has a 1-year low of $8.41 and a 1-year high of $40.11. The stock has a market capitalization of $691.34, a price-to-earnings ratio of 20.74, a P/E/G ratio of 1.70 and a beta of 2.32. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 2.91.
CAI International (NYSE:CAI) last announced its quarterly earnings data 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. The firm had revenue of $90.16 million during the quarter, compared to the consensus estimate of $89.43 million. CAI International had a return on equity of 7.11% and a net margin of 10.93%. The business’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.16 EPS. analysts forecast that CAI International, Inc. will post 2.64 EPS for the current fiscal year.
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CAI has been the subject of several recent research reports. SunTrust Banks, Inc. reiterated a “buy” rating and set a $40.00 price target on shares of CAI International in a report on Friday, October 20th. ValuEngine upgraded CAI International from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Wells Fargo & Company upped their price target on CAI International from $26.00 to $32.00 and gave the stock a “market perform” rating in a report on Friday, October 20th. Cowen and Company upped their price target on CAI International from $23.00 to $28.00 and gave the stock a “market perform” rating in a report on Thursday, July 27th. Finally, Zacks Investment Research upgraded CAI International from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a report on Thursday, October 19th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $35.80.
Large investors have recently made changes to their positions in the business. Schwab Charles Investment Management Inc. grew its stake in CAI International by 116.2% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 75,761 shares of the transportation company’s stock valued at $1,193,000 after purchasing an additional 40,717 shares during the period. Royce & Associates LP grew its stake in CAI International by 26.9% in the 2nd 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. 361 Capital LLC bought a new position in CAI International in the 2nd quarter valued at $413,000. Chicago Equity Partners LLC bought a new position in CAI International in the 2nd quarter valued at $925,000. Finally, Eagle Boston Investment Management Inc. grew its stake in CAI International by 3.4% in the 2nd quarter. Eagle Boston Investment Management Inc. now owns 328,636 shares of the transportation company’s stock valued at $7,755,000 after purchasing an additional 10,882 shares during the period. Hedge funds and other institutional investors own 59.87% of the company’s stock.
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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