CAI International, Inc. (CAI) Insider Victor Garcia Sells 41,407 Shares

CAI International, Inc. (NYSE:CAI) insider Victor Garcia sold 41,407 shares of the firm’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $36.10, for a total transaction of $1,494,792.70. Following the completion of the transaction, the insider now directly owns 68,307 shares of the company’s stock, valued at approximately $2,465,882.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of CAI International, Inc. (NYSE:CAI) traded down $0.39 on Monday, hitting $36.09. 234,400 shares of the stock were exchanged, compared to its average volume of 188,825. CAI International, Inc. has a 52 week low of $8.41 and a 52 week high of $40.11. The company has a market cap of $689.03, a P/E ratio of 20.86, a PEG ratio of 1.71 and a beta of 2.32. 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 announced its quarterly earnings data on Thursday, October 19th. The transportation company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $89.43 million. During the same quarter last year, the firm posted $0.16 EPS. The company’s quarterly revenue was up 14.9% on a year-over-year basis. analysts expect that CAI International, Inc. will post 2.64 earnings per share for the current year.

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Several institutional investors and hedge funds have recently made changes to their positions in CAI. American International Group Inc. grew its position in shares of CAI International by 7.1% in the 1st quarter. American International Group Inc. now owns 9,650 shares of the transportation company’s stock valued at $152,000 after acquiring an additional 637 shares during the period. TIAA CREF Investment Management LLC grew its position in shares of CAI International by 91.9% in the 1st quarter. TIAA CREF Investment Management LLC now owns 78,559 shares of the transportation company’s stock valued at $1,237,000 after acquiring an additional 37,626 shares during the period. Vanguard Group Inc. grew its position in shares of CAI International by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 655,282 shares of the transportation company’s stock valued at $10,314,000 after acquiring an additional 11,401 shares during the period. Geode Capital Management LLC grew its position in shares of CAI International by 3.1% in the 1st quarter. Geode Capital Management LLC now owns 118,436 shares of the transportation company’s stock valued at $1,864,000 after acquiring an additional 3,611 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of CAI International by 9.7% in 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 period. 59.87% of the stock is owned by institutional investors.

A number of research analysts recently weighed in on the stock. Cowen and Company reaffirmed a “hold” rating and issued a $34.00 target price on shares of CAI International in a research report on Thursday, October 19th. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $40.00 target price on shares of CAI International in a research report on Friday, October 20th. TheStreet raised shares of CAI International from a “d+” rating to a “c” rating in a research report on Wednesday, July 26th. Zacks Investment Research downgraded shares of CAI International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Finally, Wells Fargo & Company raised their target price 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. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has an average 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.

Insider Buying and Selling by Quarter for CAI International (NYSE:CAI)

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