Strs Ohio lessened its holdings in shares of CAI International, Inc. (NYSE:CAI) by 14.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,500 shares of the transportation company’s stock after selling 4,100 shares during the quarter. Strs Ohio owned approximately 0.13% of CAI International worth $742,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in CAI. Dimensional Fund Advisors LP boosted its position in shares of CAI International by 9.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,295,357 shares of the transportation company’s stock valued at $20,389,000 after acquiring an additional 114,781 shares during the last quarter. James Investment Research Inc. acquired a new position in shares of CAI International during the 2nd quarter valued at about $1,697,000. Royce & Associates LP boosted its position in shares of CAI International by 26.9% during the 2nd quarter. Royce & Associates LP now owns 325,162 shares of the transportation company’s stock valued at $7,674,000 after acquiring an additional 69,000 shares during the last quarter. TIAA CREF Investment Management LLC boosted its position in shares of CAI International by 80.2% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 141,547 shares of the transportation company’s stock valued at $3,341,000 after acquiring an additional 62,988 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of CAI International during the 1st quarter valued at about $927,000. 58.27% of the stock is currently owned by institutional investors.

In other CAI International news, VP Camille Cutino sold 23,386 shares of the company’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $37.18, for a total value of $869,491.48. Following the transaction, the vice president now owns 71,640 shares of the company’s stock, valued at $2,663,575.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director David G. Remington sold 11,724 shares of the company’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $37.50, for a total transaction of $439,650.00. Following the completion of the transaction, the director now directly owns 13,041 shares in the company, valued at approximately $489,037.50. The disclosure for this sale can be found here. Insiders sold 735,402 shares of company stock worth $20,001,605 in the last ninety days. 24.50% of the stock is currently owned by corporate insiders.

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CAI International, Inc. (NYSE CAI) opened at $36.40 on Tuesday. CAI International, Inc. has a 1 year low of $7.05 and a 1 year 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. The company has a market cap of $692.30, a PE ratio of 20.77, a price-to-earnings-growth ratio of 1.70 and a beta of 2.32.

CAI International (NYSE:CAI) last posted 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. CAI International had a net margin of 10.93% and a return on equity of 7.11%. The company had revenue of $90.16 million for the quarter, compared to analysts’ expectations of $89.43 million. During the same quarter in the prior year, the company posted $0.16 earnings per share. CAI International’s revenue for the quarter was up 14.9% compared to the same quarter last year. equities research analysts forecast that CAI International, Inc. will post 2.64 EPS for the current fiscal year.

Several brokerages have recently weighed in on CAI. Cowen and Company raised shares of CAI International from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $34.00 to $46.00 in a research report on Monday, October 23rd. William Blair reissued an “outperform” rating on shares of CAI International in a research report on Friday, October 20th. Wells Fargo & Company boosted their price target on shares of CAI International from $26.00 to $32.00 and gave the company a “market perform” rating in a research report on Friday, October 20th. SunTrust Banks, Inc. reissued a “buy” rating and set a $40.00 price target on shares of CAI International in a research report on Friday, October 20th. Finally, Zacks Investment Research raised shares of CAI International from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a research report on Thursday, October 19th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. CAI International currently has a consensus rating of “Buy” and a consensus price target of $35.80.

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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Institutional Ownership by Quarter for CAI International (NYSE:CAI)

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