CAI International, Inc. (NYSE:CAI) CFO Timothy B. Page sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $36.31, for a total value of $108,930.00. Following the completion of the transaction, the chief financial officer now directly owns 24,489 shares in the company, valued at $889,195.59. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Shares of CAI International, Inc. (NYSE:CAI) opened at $36.09 on Friday. The stock has a market capitalization of $695.38, a P/E ratio of 20.86, a PEG ratio of 1.71 and a beta of 2.32. CAI International, Inc. has a twelve month low of $8.41 and a twelve month high of $40.11. 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 issued its quarterly earnings data on Thursday, October 19th. The transportation company reported $0.90 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.20. The business had revenue of $90.16 million for the quarter, compared to analysts’ expectations of $89.43 million. CAI International had a return on equity of 7.11% and a net margin of 10.93%. The company’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.16 EPS. equities research analysts predict that CAI International, Inc. will post 2.64 earnings per share for the current fiscal year.

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Several institutional investors and hedge funds have recently modified their holdings of CAI. ClariVest Asset Management LLC raised its holdings in shares of CAI International by 2,235.5% during the 3rd quarter. ClariVest Asset Management LLC now owns 414,551 shares of the transportation company’s stock worth $12,568,000 after acquiring an additional 396,801 shares in the last quarter. JPMorgan Chase & Co. purchased a new stake in CAI International during the 3rd quarter valued at $11,979,000. Nordea Investment Management AB purchased a new stake in CAI International during the 3rd quarter valued at $5,718,000. Dimensional Fund Advisors LP raised its holdings in 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 buying an additional 114,781 shares during the period. Finally, James Investment Research Inc. purchased a new stake in CAI International during the 2nd quarter valued at $1,697,000. 58.27% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts recently commented on CAI shares. ValuEngine raised CAI International from a “hold” rating to a “buy” rating in a report on Friday, July 28th. Cowen and Company reissued a “hold” rating and issued a $28.00 price target on shares of CAI International in a report on Wednesday, October 4th. Zacks Investment Research raised CAI International from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a report on Thursday, October 19th. William Blair reaffirmed an “outperform” rating on shares of CAI International in a report on Friday, October 20th. Finally, Wells Fargo & Company upped their price objective on CAI International from $26.00 to $32.00 and gave the stock a “market perform” rating in a report on Friday, October 20th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company 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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