Vanguard Group Inc. boosted its stake in shares of CAI International, Inc. (NYSE:CAI) by 1.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 655,282 shares of the transportation company’s stock after buying an additional 11,401 shares during the period. Vanguard Group Inc. owned about 3.45% of CAI International worth $10,314,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CAI. American International Group Inc. increased its position in shares of CAI International by 7.1% in the first quarter. American International Group Inc. now owns 9,650 shares of the transportation company’s stock valued at $152,000 after buying an additional 637 shares during the last quarter. State Board of Administration of Florida Retirement System increased its position in shares of CAI International by 18.9% in the first quarter. State Board of Administration of Florida Retirement System now owns 13,425 shares of the transportation company’s stock valued at $211,000 after buying an additional 2,130 shares during the last quarter. Teachers Advisors LLC increased its position in shares of CAI International by 2.0% in the fourth quarter. Teachers Advisors LLC now owns 26,438 shares of the transportation company’s stock valued at $229,000 after buying an additional 520 shares during the last quarter. Russell Investments Group Ltd. purchased a new position in shares of CAI International during the first quarter valued at $288,000. Finally, ClariVest Asset Management LLC purchased a new position in shares of CAI International during the first quarter valued at $322,000. 58.10% of the stock is owned by hedge funds and other institutional investors.

Shares of CAI International, Inc. (NYSE:CAI) traded down 0.06% on Friday, reaching $30.97. 235,005 shares of the company traded hands. The company has a market capitalization of $593.69 million, a PE ratio of 45.21 and a beta of 2.19. CAI International, Inc. has a 52-week low of $6.75 and a 52-week high of $31.61. The firm has a 50-day moving average of $27.61 and a 200-day moving average of $20.98.

CAI International (NYSE:CAI) last announced its quarterly earnings data on Wednesday, July 26th. The transportation company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.09. The firm had revenue of $82.69 million during the quarter, compared to the consensus estimate of $85.18 million. CAI International had a return on equity of 4.13% and a net margin of 4.14%. The business’s revenue for the quarter was up 15.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.19 EPS. On average, equities research analysts forecast that CAI International, Inc. will post $2.33 earnings per share for the current fiscal year.

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Several research analysts recently weighed in on CAI shares. ValuEngine raised shares of CAI International from a “hold” rating to a “buy” rating in a research note on Friday. TheStreet raised shares of CAI International from a “d+” rating to a “c” rating in a research note on Wednesday, July 26th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $26.00 target price on shares of CAI International in a research note on Friday, July 14th. Finally, Cowen and Company reissued a “hold” rating and issued a $28.00 target price on shares of CAI International in a research note on Friday. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $24.75.

About CAI International

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

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