Spark Investment Management LLC Has $1.02 Million Stake in CAI International, Inc. (NYSE:CAI)
Spark Investment Management LLC decreased its position in CAI International, Inc. (NYSE:CAI) by 23.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 43,100 shares of the transportation company’s stock after selling 13,300 shares during the period. Spark Investment Management LLC’s holdings in CAI International were worth $1,017,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. State Street Corp increased its position in shares of CAI International by 2.6% in the fourth quarter. State Street Corp now owns 274,642 shares of the transportation company’s stock worth $2,381,000 after buying an additional 6,892 shares during the period. Dimensional Fund Advisors LP increased its position in shares of CAI International by 2.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,180,576 shares of the transportation company’s stock worth $10,235,000 after buying an additional 29,015 shares during the period. Teachers Advisors LLC increased its position in shares of CAI International by 2.0% in the fourth quarter. Teachers Advisors LLC now owns 26,438 shares of the transportation company’s stock worth $229,000 after buying an additional 520 shares during the period. Russell Investments Group Ltd. bought a new position in shares of CAI International during the first quarter worth about $288,000. Finally, Wells Fargo & Company MN increased its position in shares of CAI International by 451.7% in the first quarter. Wells Fargo & Company MN now owns 51,880 shares of the transportation company’s stock worth $816,000 after buying an additional 42,476 shares during the period. Institutional investors own 58.48% of the company’s stock.
CAI International, Inc. (CAI) opened at 26.51 on Friday. The stock’s 50 day moving average price is $25.25 and its 200-day moving average price is $19.43. CAI International, Inc. has a 12 month low of $6.75 and a 12 month high of $29.11. The company has a market capitalization of $508.20 million, a P/E ratio of 38.70 and a beta of 2.21.
CAI International (NYSE:CAI) last issued its earnings results on Wednesday, July 26th. The transportation company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.09. The company had revenue of $82.69 million during the quarter, compared to analysts’ expectations of $85.18 million. CAI International had a return on equity of 4.13% and a net margin of 4.14%. CAI International’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.19 EPS. On average, equities research analysts predict that CAI International, Inc. will post $2.33 EPS for the current fiscal year.
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A number of equities analysts have recently issued reports on CAI shares. Zacks Investment Research downgraded CAI International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 18th. Cowen and Company raised their price objective on CAI International from $16.00 to $19.00 and gave the stock a “market perform” rating in a research report on Friday, April 21st. SunTrust Banks, Inc. restated a “buy” rating and set a $24.00 price objective (up from $20.00) on shares of CAI International in a research report on Sunday, April 23rd. Keefe, Bruyette & Woods restated a “hold” rating and set a $26.00 price objective on shares of CAI International in a research report on Friday, July 14th. Finally, TheStreet upgraded CAI International from a “d+” rating to a “c” rating in a research report on Wednesday, July 26th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $24.75.
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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