Royce & Associates LP Invests $4.03 Million in CAI International, Inc. (CAI)

Royce & Associates LP purchased a new position in CAI International, Inc. (NYSE:CAI) during the first quarter, Holdings Channel reports. The firm purchased 256,162 shares of the transportation company’s stock, valued at approximately $4,032,000.

Several other hedge funds also recently made changes to their positions in CAI. American International Group Inc. raised its stake in shares of CAI International by 7.1% in the first 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 in the last quarter. Cutler Group LP increased its position in CAI International by 264.2% in the first quarter. Cutler Group LP now owns 12,999 shares of the transportation company’s stock worth $204,000 after buying an additional 9,430 shares during the last quarter. State Board of Administration of Florida Retirement System increased its position in CAI International by 18.9% in the first quarter. State Board of Administration of Florida Retirement System now owns 13,425 shares of the transportation company’s stock worth $211,000 after buying an additional 2,130 shares during the last quarter. Teachers Advisors LLC increased its position in CAI International by 2.0% in the fourth quarter. Teachers Advisors LLC now owns 26,438 shares of the transportation company’s stock worth $229,000 after buying an additional 520 shares during the last quarter. Finally, Russell Investments Group Ltd. acquired a new position in CAI International during the first quarter worth about $288,000. Hedge funds and other institutional investors own 58.14% of the company’s stock.

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

CAI International, Inc. (NYSE:CAI) opened at 23.33 on Friday. The stock has a market cap of $444.25 million, a P/E ratio of 110.57 and a beta of 2.22. CAI International, Inc. has a 12-month low of $6.75 and a 12-month high of $24.50. The company has a 50 day moving average of $20.58 and a 200-day moving average of $15.76.

CAI International (NYSE:CAI) last issued its quarterly earnings results on Thursday, April 20th. The transportation company reported $0.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.14. CAI International had a net margin of 1.41% and a return on equity of 2.95%. The company had revenue of $81.50 million for the quarter, compared to the consensus estimate of $78.69 million. During the same quarter in the prior year, the company earned $0.36 EPS. CAI International’s quarterly revenue was up 21.6% on a year-over-year basis. Equities analysts forecast that CAI International, Inc. will post $1.89 earnings per share for the current year.

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CAI has been the topic of a number of research reports. Zacks Investment Research downgraded shares of CAI International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 18th. SunTrust Banks, Inc. reissued a “buy” rating and issued a $24.00 price objective (up previously from $20.00) on shares of CAI International in a report on Sunday, April 23rd. Finally, Cowen and Company raised their price objective on shares of CAI International from $16.00 to $19.00 and gave the stock a “market perform” rating in a report on Friday, April 21st.

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).

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