Wells Fargo & Company MN Raises Position in CAI International Inc (NYSE:CAI)

Wells Fargo & Company MN raised its holdings in shares of CAI International Inc (NYSE:CAI) by 89.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 349,809 shares of the transportation company’s stock after acquiring an additional 164,817 shares during the quarter. Wells Fargo & Company MN owned approximately 1.95% of CAI International worth $8,682,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. James Investment Research Inc. lifted its stake in shares of CAI International by 4.5% during the 2nd quarter. James Investment Research Inc. now owns 24,485 shares of the transportation company’s stock valued at $608,000 after buying an additional 1,065 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its stake in shares of CAI International by 11.1% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 11,726 shares of the transportation company’s stock valued at $272,000 after buying an additional 1,171 shares in the last quarter. Swiss National Bank lifted its stake in shares of CAI International by 5.1% during the 2nd quarter. Swiss National Bank now owns 33,200 shares of the transportation company’s stock valued at $824,000 after buying an additional 1,600 shares in the last quarter. BNP Paribas Arbitrage SA lifted its stake in shares of CAI International by 269.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,586 shares of the transportation company’s stock valued at $83,000 after buying an additional 2,616 shares in the last quarter. Finally, Globeflex Capital L P lifted its stake in shares of CAI International by 17.9% during the 1st quarter. Globeflex Capital L P now owns 23,838 shares of the transportation company’s stock valued at $553,000 after buying an additional 3,622 shares in the last quarter. Institutional investors and hedge funds own 91.11% of the company’s stock.

NYSE CAI traded down $0.10 on Friday, reaching $23.59. The company had a trading volume of 2,058 shares, compared to its average volume of 153,067. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 3.10. The stock has a market capitalization of $404.31 million, a PE ratio of 6.50 and a beta of 1.71. The firm’s 50 day moving average price is $21.06 and its 200 day moving average price is $23.05. CAI International Inc has a 12 month low of $17.87 and a 12 month high of $26.96.

CAI International (NYSE:CAI) last announced its quarterly earnings results on Wednesday, August 7th. The transportation company reported $0.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.16). The company had revenue of $105.58 million during the quarter, compared to the consensus estimate of $117.80 million. CAI International had a net margin of 15.04% and a return on equity of 12.20%. The business’s revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.97 earnings per share. On average, research analysts expect that CAI International Inc will post 3.02 EPS for the current year.

A number of research analysts recently weighed in on CAI shares. Cowen restated an “outperform” rating and set a $24.00 target price (down previously from $28.00) on shares of CAI International in a research note on Thursday, August 8th. Zacks Investment Research upgraded shares of CAI International from a “sell” rating to a “hold” rating in a research note on Monday, August 5th. Finally, ValuEngine upgraded shares of CAI International from a “sell” rating to a “hold” rating in a research note on Wednesday, September 4th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $26.50.

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.

Read More: Understanding the Price to Earnings Ratio (PE)

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

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