BNP Paribas Arbitrage SA Purchases 878 Shares of CAI International Inc (NYSE:CAI)

BNP Paribas Arbitrage SA lifted its position in CAI International Inc (NYSE:CAI) by 20.8% in the first quarter, Holdings Channel.com reports. The institutional investor owned 5,104 shares of the transportation company’s stock after buying an additional 878 shares during the period. BNP Paribas Arbitrage SA’s holdings in CAI International were worth $72,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CAI. Swiss National Bank lifted its stake in CAI International by 2.2% in the 1st quarter. Swiss National Bank now owns 32,100 shares of the transportation company’s stock valued at $454,000 after purchasing an additional 700 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of CAI International by 69.6% during the fourth quarter. Bank of Montreal Can now owns 2,444 shares of the transportation company’s stock worth $71,000 after purchasing an additional 1,003 shares during the period. Great West Life Assurance Co. Can bought a new position in shares of CAI International during the fourth quarter worth approximately $29,000. Charles Schwab Investment Management Inc. increased its stake in CAI International by 1.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 98,666 shares of the transportation company’s stock valued at $2,860,000 after acquiring an additional 1,408 shares during the last quarter. Finally, Citigroup Inc. increased its stake in CAI International by 33.8% in the first quarter. Citigroup Inc. now owns 6,217 shares of the transportation company’s stock valued at $88,000 after acquiring an additional 1,569 shares during the last quarter. Institutional investors and hedge funds own 85.49% of the company’s stock.

A number of analysts have weighed in on the stock. ValuEngine lowered shares of CAI International from a “hold” rating to a “sell” rating in a research report on Tuesday, April 7th. TheStreet lowered shares of CAI International from a “c” rating to a “d-” rating in a research report on Monday, May 18th. Keefe, Bruyette & Woods lowered shares of CAI International from an “outperform” rating to a “market perform” rating and cut their target price for the company from $21.00 to $18.00 in a research report on Monday, June 15th. Finally, Zacks Investment Research lowered shares of CAI International from a “hold” rating to a “sell” rating in a research report on Monday, May 25th. Three research analysts have rated the stock with a sell rating and two have issued a hold rating to the company. The company currently has a consensus rating of “Sell” and an average target price of $19.67.

Shares of CAI International stock opened at $16.86 on Wednesday. The firm has a market capitalization of $277.83 million, a P/E ratio of 42.15 and a beta of 1.91. The company’s 50 day moving average price is $17.96 and its two-hundred day moving average price is $21.38. The company has a debt-to-equity ratio of 3.22, a current ratio of 1.07 and a quick ratio of 1.07. CAI International Inc has a fifty-two week low of $10.13 and a fifty-two week high of $29.57.

CAI International (NYSE:CAI) last issued its quarterly earnings results on Tuesday, May 5th. The transportation company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.17. The company had revenue of $105.02 million for the quarter, compared to analyst estimates of $96.50 million. CAI International had a net margin of 3.79% and a return on equity of 9.48%. On average, analysts expect that CAI International Inc will post 2.26 earnings per share for the current year.

CAI International Company 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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