Meeder Asset Management Inc. Takes $103,000 Position in CAI International, Inc. (NYSE:CAI)

Meeder Asset Management Inc. bought a new position in shares of CAI International, Inc. (NYSE:CAI) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,282 shares of the transportation company’s stock, valued at approximately $103,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company raised its holdings in CAI International by 4.2% during the fourth quarter. The Manufacturers Life Insurance Company now owns 10,002 shares of the transportation company’s stock worth $312,000 after acquiring an additional 399 shares in the last quarter. Dorsey Wright & Associates raised its holdings in CAI International by 136.0% during the first quarter. Dorsey Wright & Associates now owns 885 shares of the transportation company’s stock worth $40,000 after acquiring an additional 510 shares in the last quarter. Swiss National Bank raised its holdings in CAI International by 2.0% during the fourth quarter. Swiss National Bank now owns 35,700 shares of the transportation company’s stock worth $1,115,000 after acquiring an additional 700 shares in the last quarter. US Bancorp DE raised its holdings in CAI International by 768.1% during the fourth quarter. US Bancorp DE now owns 1,632 shares of the transportation company’s stock worth $51,000 after acquiring an additional 1,444 shares in the last quarter. Finally, IndexIQ Advisors LLC raised its stake in CAI International by 11.5% in the fourth quarter. IndexIQ Advisors LLC now owns 14,812 shares of the transportation company’s stock valued at $463,000 after buying an additional 1,529 shares during the period. Institutional investors and hedge funds own 84.24% of the company’s stock.

Several research firms have issued reports on CAI. Zacks Investment Research upgraded CAI International from a “hold” rating to a “buy” rating and set a $49.00 price objective on the stock in a research note on Wednesday, May 5th. B. Riley upped their price objective on CAI International from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, March 26th.

CAI International stock opened at $43.47 on Friday. CAI International, Inc. has a 12 month low of $15.06 and a 12 month high of $50.21. The stock’s 50 day moving average is $44.19 and its 200-day moving average is $37.47. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 2.87. The company has a market capitalization of $752.20 million, a price-to-earnings ratio of 43.91 and a beta of 1.74.

CAI International (NYSE:CAI) last posted its earnings results on Thursday, April 29th. The transportation company reported $1.85 EPS for the quarter, beating the consensus estimate of $1.66 by $0.19. CAI International had a return on equity of 10.61% and a net margin of 7.22%. As a group, equities research analysts predict that CAI International, Inc. will post 3.62 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 25th. Investors of record on Thursday, June 10th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date is Wednesday, June 9th. CAI International’s dividend payout ratio is currently 51.28%.

About CAI International

CAI International, Inc operates as a transportation finance company in the United States, Switzerland, France, Korea, Singapore, rest of Asia, rest of Europe, and internationally. The company 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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