Zacks Investment Research cut shares of CAI International (NYSE:CAI) from a buy rating to a hold rating in a report published on Tuesday.

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 research analysts also recently weighed in on the stock. SunTrust Banks reissued a buy rating and set a $40.00 price target on shares of CAI International in a research report on Friday, October 20th. ValuEngine downgraded shares of CAI International from a strong-buy rating to a buy rating in a research report on Friday, December 1st. Wells Fargo & Co lifted their target price on shares of CAI International from $26.00 to $32.00 and gave the stock a market perform rating in a research report on Friday, October 20th. Cowen reaffirmed a hold rating and issued a $34.00 target price on shares of CAI International in a research report on Thursday, October 19th. Finally, William Blair reaffirmed an outperform rating on shares of CAI International in a research report on Friday, October 20th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of $35.80.

Shares of CAI International (NYSE CAI) opened at $29.41 on Tuesday. The firm has a market cap of $556.27, a P/E ratio of 15.81, a P/E/G ratio of 1.37 and a beta of 2.25. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 2.91. CAI International has a 1 year low of $8.41 and a 1 year high of $40.11.

CAI International (NYSE:CAI) last announced its quarterly earnings results on Thursday, October 19th. The transportation company reported $0.90 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.20. The company had revenue of $90.16 million during the quarter, compared to the consensus estimate of $89.43 million. CAI International had a net margin of 10.93% and a return on equity of 7.11%. The firm’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.16 earnings per share. research analysts forecast that CAI International will post 2.64 EPS for the current fiscal year.

In other news, VP Camille Cutino sold 23,386 shares of CAI International stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $37.18, for a total transaction of $869,491.48. Following the transaction, the vice president now owns 71,640 shares in the company, valued at approximately $2,663,575.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gary Sawka sold 3,000 shares of CAI International stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $36.50, for a total transaction of $109,500.00. Following the transaction, the director now owns 541 shares in the company, valued at approximately $19,746.50. The disclosure for this sale can be found here. Insiders have sold a total of 123,111 shares of company stock worth $4,403,869 in the last quarter. Corporate insiders own 24.50% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Quotient Investors LLC purchased a new position in shares of CAI International during the 3rd quarter worth $224,000. Cubist Systematic Strategies LLC purchased a new position in shares of CAI International during the 3rd quarter worth $276,000. Brandywine Global Investment Management LLC boosted its stake in shares of CAI International by 41.1% during the 2nd quarter. Brandywine Global Investment Management LLC now owns 10,204 shares of the transportation company’s stock worth $241,000 after acquiring an additional 2,974 shares during the last quarter. Alliancebernstein L.P. purchased a new position in shares of CAI International during the 2nd quarter worth $248,000. Finally, Voya Investment Management LLC purchased a new position in shares of CAI International during the 2nd quarter worth $253,000. Institutional investors and hedge funds own 69.10% of the company’s stock.

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CAI International Company Profile

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.

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