Algert Global LLC Invests $271,000 in CAI International, Inc. (NYSE:CAI)
Algert Global LLC acquired a new stake in shares of CAI International, Inc. (NYSE:CAI) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 11,470 shares of the transportation company’s stock, valued at approximately $271,000.
Other hedge funds have also recently made changes to their positions in the company. James Investment Research Inc. purchased a new stake in shares of CAI International during the second quarter valued at $1,697,000. Metropolitan Life Insurance Co. NY purchased a new stake in shares of CAI International during the first quarter valued at $184,000. Schwab Charles Investment Management Inc. raised its stake in shares of CAI International by 116.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 75,761 shares of the transportation company’s stock valued at $1,193,000 after buying an additional 40,717 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in shares of CAI International during the first quarter valued at $927,000. Finally, Citadel Advisors LLC raised its stake in shares of CAI International by 4.0% in the first quarter. Citadel Advisors LLC now owns 10,898 shares of the transportation company’s stock valued at $172,000 after buying an additional 421 shares in the last quarter. 58.48% of the stock is owned by hedge funds and other institutional investors.
Shares of CAI International, Inc. (CAI) opened at 27.23 on Friday. CAI International, Inc. has a one year low of $6.75 and a one year high of $29.11. The company has a market capitalization of $522.00 million, a price-to-earnings ratio of 39.75 and a beta of 2.21. The company has a 50-day moving average price of $25.36 and a 200 day moving average price of $19.53.
CAI International (NYSE:CAI) last announced its quarterly earnings data on Wednesday, July 26th. The transportation company reported $0.65 EPS for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.09. The business 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%. The firm’s revenue for the quarter was up 15.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.19 earnings per share. On average, analysts forecast that CAI International, Inc. will post $2.33 EPS for the current fiscal year.
Several analysts recently weighed in on the company. ValuEngine raised CAI International from a “hold” rating to a “buy” rating in a report on Friday, July 28th. TheStreet raised CAI International from a “d+” rating to a “c” rating in a report on Wednesday, July 26th. Cowen and Company boosted their price objective on CAI International from $23.00 to $28.00 and gave the company a “market perform” rating in a report on Thursday, July 27th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $26.00 price objective on shares of CAI International in a report on Friday, July 14th. Finally, Zacks Investment Research raised CAI International from a “hold” rating to a “strong-buy” rating and set a $21.00 price objective for the company in a report on Monday, April 24th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $24.75.
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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