Wells Fargo & Company MN raised its stake in CAI International Inc (NYSE:CAI) by 89.1% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 349,809 shares of the transportation company’s stock after buying an additional 164,817 shares during the period. Wells Fargo & Company MN’s holdings in CAI International were worth $8,682,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Weiss Asset Management LP lifted its position in shares of CAI International by 1.1% in the 1st quarter. Weiss Asset Management LP now owns 414,815 shares of the transportation company’s stock worth $9,624,000 after purchasing an additional 4,486 shares during the period. Pacific Ridge Capital Partners LLC lifted its position in shares of CAI International by 16.7% in the 1st quarter. Pacific Ridge Capital Partners LLC now owns 290,038 shares of the transportation company’s stock worth $6,729,000 after purchasing an additional 41,432 shares during the period. Cooper Creek Partners Management LLC purchased a new stake in shares of CAI International in the 1st quarter worth approximately $3,918,000. Swiss National Bank lifted its position in shares of CAI International by 5.1% in the 2nd quarter. Swiss National Bank now owns 33,200 shares of the transportation company’s stock worth $824,000 after purchasing an additional 1,600 shares during the period. Finally, Strs Ohio lifted its position in shares of CAI International by 33.7% in the 2nd quarter. Strs Ohio now owns 26,200 shares of the transportation company’s stock worth $650,000 after purchasing an additional 6,600 shares during the period. 91.11% of the stock is owned by institutional investors.

Shares of NYSE CAI traded down $0.10 during trading hours on Friday, hitting $23.59. 2,058 shares of the stock were exchanged, 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 company has a market cap of $404.31 million, a PE ratio of 6.50 and a beta of 1.71. The firm has a fifty day moving average price of $21.06 and a 200-day moving average price of $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 posted its quarterly earnings data on Wednesday, August 7th. The transportation company reported $0.69 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.16). The firm had revenue of $105.58 million for the quarter, compared to the consensus estimate of $117.80 million. CAI International had a return on equity of 12.20% and a net margin of 15.04%. The company’s revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.97 EPS. As a group, equities analysts anticipate that CAI International Inc will post 3.02 earnings per share for the current fiscal year.

Several equities research analysts have recently weighed in on the stock. Cowen reaffirmed an “outperform” rating and issued a $24.00 price target (down previously from $28.00) on shares of CAI International in a research report on Thursday, August 8th. ValuEngine raised shares of CAI International from a “sell” rating to a “hold” rating in a research report on Wednesday, September 4th. Finally, Zacks Investment Research raised shares of CAI International from a “sell” rating to a “hold” rating in a research report on Monday, August 5th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. CAI International has an average rating of “Hold” and a consensus target price of $26.50.

CAI International Profile

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

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