CAI International Inc. (NYSE:CAI) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued on Monday.

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. “

Shares of CAI International (NYSE:CAI) traded up 1.76% during midday trading on Monday, reaching $9.24. 34,336 shares of the company traded hands. CAI International has a 1-year low of $4.83 and a 1-year high of $11.53. The stock has a 50 day moving average price of $8.31 and a 200 day moving average price of $8.18. The firm’s market capitalization is $175.48 million.

CAI International (NYSE:CAI) last released its quarterly earnings data on Tuesday, November 1st. The company reported $0.16 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by $0.10. CAI International had a positive return on equity of 6.00% and a negative net margin of 2.50%. The company earned $78.50 million during the quarter, compared to analysts’ expectations of $76.51 million. During the same quarter in the prior year, the company posted $0.62 EPS. The company’s revenue for the quarter was up 18.8% on a year-over-year basis. Analysts expect that CAI International will post $0.90 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP bought a new stake in CAI International during the first quarter valued at approximately $26,396,000. UBS Group AG raised its stake in CAI International by 2,800.8% in the third quarter. UBS Group AG now owns 601,400 shares of the company’s stock valued at $4,974,000 after buying an additional 580,668 shares in the last quarter. RMB Capital Management LLC bought a new stake in CAI International during the third quarter valued at approximately $1,611,000. Mackenzie Financial Corp bought a new stake in CAI International during the second quarter valued at approximately $882,000. Finally, Dimensional Fund Advisors LP raised its stake in CAI International by 4.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,117,677 shares of the company’s stock valued at $8,383,000 after buying an additional 47,969 shares in the last quarter. Institutional investors and hedge funds own 62.03% of the company’s stock.

About CAI International

CAI International, Inc is a transportation finance and logistics company. The Company purchases equipment, which it leases primarily to container shipping lines, freight forwarders and other transportation companies. The Company operates through three segments: container leasing, rail leasing and logistics.

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