Schwab Charles Investment Management Inc. Increases Stake in CAI International Inc (CAI)

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Schwab Charles Investment Management Inc. grew its position in shares of CAI International Inc (NYSE:CAI) by 18.4% in the 1st quarter, Holdings Channel reports. The institutional investor owned 77,819 shares of the transportation company’s stock after acquiring an additional 12,107 shares during the period. Schwab Charles Investment Management Inc.’s holdings in CAI International were worth $1,655,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. lifted its holdings in shares of CAI International by 11.4% during the 4th quarter. BlackRock Inc. now owns 1,001,383 shares of the transportation company’s stock valued at $28,360,000 after buying an additional 102,684 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of CAI International by 243.6% during the 4th quarter. Millennium Management LLC now owns 457,148 shares of the transportation company’s stock valued at $12,946,000 after buying an additional 324,092 shares during the last quarter. Allianz Asset Management GmbH lifted its holdings in shares of CAI International by 284.8% during the 4th quarter. Allianz Asset Management GmbH now owns 268,267 shares of the transportation company’s stock valued at $7,597,000 after buying an additional 198,542 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of CAI International by 24.8% during the 4th quarter. Renaissance Technologies LLC now owns 238,795 shares of the transportation company’s stock valued at $6,763,000 after buying an additional 47,495 shares during the last quarter. Finally, Two Sigma Investments LP lifted its holdings in shares of CAI International by 22.8% during the 4th quarter. Two Sigma Investments LP now owns 225,371 shares of the transportation company’s stock valued at $6,383,000 after buying an additional 41,836 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

CAI opened at $22.91 on Thursday. CAI International Inc has a twelve month low of $19.35 and a twelve month high of $40.11. The company has a debt-to-equity ratio of 2.52, a current ratio of 0.46 and a quick ratio of 0.46. The company has a market capitalization of $469.52 million, a P/E ratio of 6.72, a P/E/G ratio of 0.74 and a beta of 2.24.

CAI International (NYSE:CAI) last posted its earnings results on Thursday, April 26th. The transportation company reported $0.83 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.83. CAI International had a return on equity of 12.58% and a net margin of 23.17%. The firm had revenue of $95.37 million during the quarter, compared to analyst estimates of $95.30 million. During the same period in the previous year, the company earned $0.27 EPS. The company’s revenue for the quarter was up 17.0% on a year-over-year basis. equities analysts expect that CAI International Inc will post 3.86 earnings per share for the current year.

Several equities research analysts recently weighed in on CAI shares. Zacks Investment Research lowered CAI International from a “buy” rating to a “hold” rating in a report on Monday, March 19th. William Blair restated an “outperform” rating on shares of CAI International in a report on Thursday, April 12th. ValuEngine lowered CAI International from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Finally, Compass Point started coverage on CAI International in a report on Monday, April 23rd. They issued a “buy” rating and a $36.00 target price for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $33.83.

In other CAI International news, Director Andrew Ogawa sold 1,225,214 shares of CAI International stock in a transaction that occurred on Tuesday, May 1st. The stock was sold at an average price of $22.81, for a total value of $27,947,131.34. Following the transaction, the director now directly owns 92,854 shares of the company’s stock, valued at approximately $2,117,999.74. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Victor Garcia purchased 10,000 shares of the company’s stock in a transaction on Friday, June 1st. The stock was acquired at an average cost of $24.25 per share, for a total transaction of $242,500.00. Following the completion of the transaction, the insider now owns 51,882 shares in the company, valued at $1,258,138.50. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 22,000 shares of company stock worth $542,500. Company insiders own 24.50% of the company’s stock.

About CAI International

CAI International, Inc operates as transportation finance and logistics company in the United States and internationally. The company operates through three segments: Container Leasing, Rail Leasing, and Logistics. It leases, re-leases, and disposes equipment; and contracts for the repair, repositioning, and storage of equipment.

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Institutional Ownership by Quarter for CAI International (NYSE:CAI)

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