CAI International (NYSE:CAI) was upgraded by ValuEngine from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, ValuEngine reports.

Several other brokerages have also recently weighed in on CAI. Zacks Investment Research upgraded CAI International from a “hold” rating to a “strong-buy” rating and set a $28.00 target price for the company in a report on Wednesday, January 16th. Keefe, Bruyette & Woods cut CAI International from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $34.00 to $29.00 in a report on Thursday, February 21st. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. CAI International has an average rating of “Hold” and a consensus price target of $28.00.

Shares of CAI stock traded up $0.46 during mid-day trading on Wednesday, hitting $23.87. The stock had a trading volume of 131,300 shares, compared to its average volume of 187,847. CAI International has a 12-month low of $19.58 and a 12-month high of $27.43. The stock has a market capitalization of $420.28 million, a price-to-earnings ratio of 6.56 and a beta of 1.74. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 2.94.

CAI International (NYSE:CAI) last issued its earnings results on Tuesday, April 30th. The transportation company reported $0.87 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.93 by ($0.06). CAI International had a return on equity of 13.01% and a net margin of 17.48%. The firm had revenue of $111.10 million during the quarter, compared to analysts’ expectations of $115.96 million. During the same quarter in the prior year, the company posted $0.83 earnings per share. CAI International’s quarterly revenue was up 16.5% compared to the same quarter last year. Research analysts predict that CAI International will post 3.78 EPS for the current fiscal year.

In related news, Director Gary Sawka sold 10,000 shares of the company’s stock in a transaction on Friday, March 29th. The stock was sold at an average price of $23.23, for a total transaction of $232,300.00. Following the completion of the sale, the director now directly owns 16,757 shares in the company, valued at approximately $389,265.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Victor Garcia acquired 10,608 shares of the firm’s stock in a transaction that occurred on Wednesday, February 27th. The shares were bought at an average price of $22.24 per share, with a total value of $235,921.92. The disclosure for this purchase can be found here. 8.90% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of CAI. Morgan Stanley grew its holdings in CAI International by 9.8% during the first quarter. Morgan Stanley now owns 329,166 shares of the transportation company’s stock worth $7,637,000 after acquiring an additional 29,474 shares during the period. Metropolitan Life Insurance Co NY grew its holdings in CAI International by 2,693.8% during the first quarter. Metropolitan Life Insurance Co NY now owns 152,680 shares of the transportation company’s stock worth $12,857,000 after acquiring an additional 147,215 shares during the period. Macquarie Group Ltd. acquired a new stake in CAI International during the first quarter worth about $35,000. SEI Investments Co grew its holdings in CAI International by 16.2% during the first quarter. SEI Investments Co now owns 168,390 shares of the transportation company’s stock worth $3,907,000 after acquiring an additional 23,520 shares during the period. Finally, Wellington Management Group LLP grew its holdings in CAI International by 0.6% during the first quarter. Wellington Management Group LLP now owns 1,771,910 shares of the transportation company’s stock worth $41,109,000 after acquiring an additional 10,388 shares during the period. Hedge funds and other institutional investors own 89.62% of the company’s stock.

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.

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