According to Zacks, “CAI INTERNATIONAL, INC. is one of the world’s leading intermodal freight container leasing and management companies. Intermodal freight containers are large, standardized steel boxes, which CAI leases primarily to international steamship companies, and are used to transport cargo by a number of means, including ship, truck and rail. A portion of the container fleet is owned by CAI with the balance being owned by third parties on whose behalf CAI manages the containers. Accordingly, CAI operates its business through two segments: container leasing and container fleet management. Through its international network of offices and agents CAI also has developed an active after-market program for containers retired from the international shipping fleet. “
Several other equities analysts have also issued reports on the company. Cowen reiterated an “outperform” rating and issued a $24.00 target price (down previously from $28.00) on shares of CAI International in a research note on Thursday, August 8th. ValuEngine upgraded CAI International from a “sell” rating to a “hold” rating in a research note on Wednesday, September 4th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $26.50.
CAI International (NYSE:CAI) last released its quarterly earnings data on Wednesday, August 7th. The transportation company reported $0.69 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.16). CAI International had a net margin of 15.04% and a return on equity of 12.20%. The firm had revenue of $105.58 million during the quarter, compared to the consensus estimate of $117.80 million. During the same quarter in the previous year, the firm earned $0.97 earnings per share. The business’s revenue was up 9.3% compared to the same quarter last year. Equities research analysts expect that CAI International will post 3.02 EPS for the current year.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Park West Asset Management LLC grew its stake in CAI International by 3.0% in the second quarter. Park West Asset Management LLC now owns 1,556,614 shares of the transportation company’s stock valued at $38,635,000 after purchasing an additional 45,983 shares during the last quarter. UBS Asset Management Americas Inc. grew its stake in CAI International by 21.1% in the second quarter. UBS Asset Management Americas Inc. now owns 10,510 shares of the transportation company’s stock valued at $261,000 after purchasing an additional 1,829 shares during the last quarter. D. E. Shaw & Co. Inc. grew its stake in CAI International by 4.2% in the second quarter. D. E. Shaw & Co. Inc. now owns 161,382 shares of the transportation company’s stock valued at $4,006,000 after purchasing an additional 6,504 shares during the last quarter. Paloma Partners Management Co purchased a new position in CAI International in the second quarter valued at about $306,000. Finally, Zebra Capital Management LLC purchased a new position in CAI International in the second quarter valued at about $254,000. Institutional investors own 91.11% 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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