Timothy B. Page Sells 11,405 Shares of CAI International, Inc. (CAI) Stock

CAI International, Inc. (NYSE:CAI) CFO Timothy B. Page sold 11,405 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $35.93, for a total value of $409,781.65. Following the transaction, the chief financial officer now directly owns 10,184 shares of the company’s stock, valued at approximately $365,911.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Shares of CAI International, Inc. (CAI) opened at $35.88 on Wednesday. The company has a debt-to-equity ratio of 2.91, a quick ratio of 0.39 and a current ratio of 0.39. CAI International, Inc. has a 52 week low of $8.41 and a 52 week high of $40.11. The company has a market capitalization of $689.03, a price-to-earnings ratio of 20.67, a price-to-earnings-growth ratio of 1.69 and a beta of 2.32.

CAI International (NYSE:CAI) last issued its earnings results on Thursday, October 19th. The transportation company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.70 by $0.20. The business had revenue of $90.16 million for the quarter, compared to the consensus estimate 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 was up 14.9% compared to the same quarter last year. During the same period last year, the business posted $0.16 EPS. equities research analysts anticipate that CAI International, Inc. will post 2.64 earnings per share for the current year.

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Several analysts have commented on CAI shares. Zacks Investment Research upgraded CAI International from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a research note on Thursday, October 19th. Wells Fargo & Company increased their target price on CAI International from $26.00 to $32.00 and gave the company a “market perform” rating in a research note on Friday, October 20th. Cowen and Company reiterated a “hold” rating and set a $28.00 target price on shares of CAI International in a research note on Wednesday, October 4th. ValuEngine downgraded CAI International from a “buy” rating to a “hold” rating in a research note on Thursday, August 24th. Finally, William Blair reiterated an “outperform” rating on shares of CAI International in a research note on Friday, October 20th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. CAI International currently has a consensus rating of “Buy” and a consensus price target of $35.80.

Several hedge funds have recently added to or reduced their stakes in CAI. American International Group Inc. boosted its stake 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 worth $152,000 after buying an additional 637 shares during the last quarter. TIAA CREF Investment Management LLC boosted its stake 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 worth $1,237,000 after buying an additional 37,626 shares during the last quarter. Vanguard Group Inc. boosted its stake 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 worth $10,314,000 after buying an additional 11,401 shares during the last quarter. Geode Capital Management LLC boosted its stake 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 worth $1,864,000 after buying an additional 3,611 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake 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 worth $20,389,000 after buying an additional 114,781 shares during the last quarter. Hedge funds and other institutional investors own 59.87% of the company’s stock.

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.

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

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