CAI International Inc (CAI) Shares Bought by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. lifted its stake in CAI International Inc (NYSE:CAI) by 4.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 65,712 shares of the transportation company’s stock after acquiring an additional 2,808 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.34% of CAI International worth $1,861,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its stake 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 acquiring an additional 220,782 shares during the period. JPMorgan Chase & Co. bought a new stake in shares of CAI International in the third quarter worth approximately $11,979,000. Royce & Associates LP grew its stake in shares of CAI International by 1.5% in the third quarter. Royce & Associates LP now owns 330,162 shares of the transportation company’s stock worth $10,011,000 after acquiring an additional 5,000 shares during the period. State Street Corp grew its stake in shares of CAI International by 9.4% in the second quarter. State Street Corp now owns 305,182 shares of the transportation company’s stock worth $7,203,000 after acquiring an additional 26,142 shares during the period. Finally, Nordea Investment Management AB bought a new stake in shares of CAI International in the third quarter worth approximately $5,718,000. Hedge funds and other institutional investors own 74.52% of the company’s stock.

How to Become a New Pot Stock Millionaire

Shares of CAI International stock opened at $20.89 on Friday. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 2.79. The stock has a market cap of $428.06, a P/E ratio of 7.33, a P/E/G ratio of 0.67 and a beta of 2.31. CAI International Inc has a 12-month low of $14.05 and a 12-month high of $40.11.

CAI International (NYSE:CAI) last announced its earnings results on Wednesday, February 14th. The transportation company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.17. The company had revenue of $94.03 million during the quarter, compared to analyst estimates of $95.66 million. CAI International had a net margin of 20.68% and a return on equity of 11.21%. The firm’s quarterly revenue was up 21.7% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.09) earnings per share. equities analysts predict that CAI International Inc will post 3.89 EPS for the current fiscal year.

A number of analysts have recently commented on CAI shares. Zacks Investment Research upgraded shares of CAI International from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a research note on Tuesday, January 16th. Cowen reduced their price target on shares of CAI International from $46.00 to $40.00 and set an “outperform” rating for the company in a research note on Thursday, February 15th. ValuEngine upgraded shares of CAI International from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 2nd. Wells Fargo upgraded shares of CAI International from a “market perform” rating to an “outperform” rating and set a $35.00 price target for the company in a research note on Wednesday, February 14th. Finally, William Blair restated an “outperform” rating on shares of CAI International in a research report on Tuesday, February 6th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. CAI International presently has an average rating of “Buy” and a consensus price target of $33.20.

In related news, major shareholder Ogawa Family Trust sold 1,250,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $21.58, for a total transaction of $26,975,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 24.50% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This article was first reported by Ticker Report and is the sole property of of Ticker Report. If you are reading this article on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright legislation. The original version of this article can be accessed at https://www.tickerreport.com/banking-finance/3298855/cai-international-inc-cai-shares-bought-by-schwab-charles-investment-management-inc.html.

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.

Want to see what other hedge funds are holding CAI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CAI International Inc (NYSE:CAI).

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

Receive News & Ratings for CAI International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CAI International and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Juno Therapeutics Inc  Receives $57.93 Average Target Price from Brokerages
Juno Therapeutics Inc Receives $57.93 Average Target Price from Brokerages
Lexicon Pharmaceuticals  Receives $25.67 Average Target Price from Analysts
Lexicon Pharmaceuticals Receives $25.67 Average Target Price from Analysts
PMC Commercial Trust  Earns Daily News Sentiment Rating of 0.27
PMC Commercial Trust Earns Daily News Sentiment Rating of 0.27
WideOpenWest  Earning Somewhat Favorable News Coverage, Analysis Finds
WideOpenWest Earning Somewhat Favorable News Coverage, Analysis Finds
Brokerages Set RingCentral  Target Price at $53.92
Brokerages Set RingCentral Target Price at $53.92
Comparing Kingstone Companies  & Its Competitors
Comparing Kingstone Companies & Its Competitors


© 2006-2018 Ticker Report. Google+.