Insider Selling: CAI International, Inc. (CAI) CFO Sells $409,781.65 in Stock
CAI International, Inc. (NYSE:CAI) CFO Timothy B. Page sold 11,405 shares of CAI International stock in a transaction on Friday, November 10th. The shares were sold at an average price of $35.93, for a total transaction of $409,781.65. Following the transaction, the chief financial officer now owns 10,184 shares in the company, valued at approximately $365,911.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of CAI International, Inc. (NYSE CAI) opened at $34.49 on Thursday. CAI International, Inc. has a 52-week low of $8.41 and a 52-week high of $40.11. The firm has a market cap of $691.34, a P/E ratio of 20.74, a PEG ratio of 1.70 and a beta of 2.32. The company has a debt-to-equity ratio of 2.91, a current ratio of 0.39 and a quick ratio of 0.39.
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 during 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. research analysts expect that CAI International, Inc. will post 2.64 earnings per share for the current fiscal year.
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Several analysts have commented on CAI shares. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $40.00 price target on shares of CAI International in a research note on Friday, October 20th. Zacks Investment Research upgraded shares of CAI International from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a research note on Thursday, October 19th. ValuEngine upgraded shares of CAI International from a “hold” rating to a “buy” rating in a report on Friday, September 1st. TheStreet upgraded shares of CAI International from a “d+” rating to a “c” rating in a report on Wednesday, July 26th. Finally, Cowen and Company restated a “hold” rating and issued a $34.00 target price on shares of CAI International in a report on Thursday, October 19th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. CAI International presently has a consensus rating of “Buy” and an average target price of $35.80.
Several hedge funds and other institutional investors have recently bought and sold shares of CAI. ClariVest Asset Management LLC raised its holdings in shares of CAI International by 2,235.5% in the third quarter. ClariVest Asset Management LLC now owns 414,551 shares of the transportation company’s stock worth $12,568,000 after buying an additional 396,801 shares during the last quarter. JPMorgan Chase & Co. purchased a new position in shares of CAI International in the third quarter worth $11,979,000. Dimensional Fund Advisors LP raised its holdings in shares of CAI International by 15.7% in the third quarter. Dimensional Fund Advisors LP now owns 1,627,880 shares of the transportation company’s stock worth $49,358,000 after buying an additional 220,782 shares during the last quarter. Nordea Investment Management AB purchased a new position in shares of CAI International in the third quarter worth $5,718,000. Finally, James Investment Research Inc. purchased a new position in shares of CAI International in the second quarter worth $1,697,000. 59.87% of the stock is owned by institutional investors and hedge funds.
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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