MSI Financial Services Inc boosted its stake in American Railcar Industries Inc. (NASDAQ:ARII) by 6,847.6% during the second quarter, Holdings Channel reports. The institutional investor owned 11,672 shares of the company’s stock after buying an additional 11,504 shares during the period. MSI Financial Services Inc’s holdings in American Railcar Industries were worth $461,000 as of its most recent filing with the SEC.
Other hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. raised its stake in American Railcar Industries by 60.4% in the first quarter. JPMorgan Chase & Co. now owns 173,077 shares of the company’s stock worth $7,049,000 after buying an additional 65,189 shares during the period. UBS Group AG raised its stake in American Railcar Industries by 52.7% in the first quarter. UBS Group AG now owns 60,674 shares of the company’s stock worth $2,471,000 after buying an additional 20,943 shares during the period. James Investment Research Inc. raised its stake in American Railcar Industries by 13.8% in the second quarter. James Investment Research Inc. now owns 138,980 shares of the company’s stock worth $5,486,000 after buying an additional 16,890 shares during the period. Nisa Investment Advisors LLC bought a new stake in American Railcar Industries during the second quarter worth $395,000. Finally, LPL Financial LLC raised its stake in American Railcar Industries by 9.3% in the first quarter. LPL Financial LLC now owns 113,459 shares of the company’s stock worth $4,481,000 after buying an additional 9,685 shares during the period. 92.01% of the stock is owned by institutional investors and hedge funds.
American Railcar Industries Inc. (NASDAQ:ARII) traded down 2.26% during trading on Friday, reaching $38.97. The company’s stock had a trading volume of 99,838 shares. The company has a market capitalization of $755.98 million, a P/E ratio of 7.20 and a beta of 2.58. The firm’s 50-day moving average price is $40.99 and its 200 day moving average price is $40.61. American Railcar Industries Inc. has a 12-month low of $33.02 and a 12-month high of $57.93.
American Railcar Industries (NASDAQ:ARII) last released its quarterly earnings data on Thursday, July 28th. The company reported $1.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.03. American Railcar Industries had a return on equity of 20.23% and a net margin of 14.23%. The business had revenue of $150.50 million for the quarter, compared to the consensus estimate of $147.37 million. During the same quarter in the previous year, the company posted $1.54 EPS. The company’s revenue was down 21.6% compared to the same quarter last year. On average, analysts predict that American Railcar Industries Inc. will post $4.15 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 23rd. Shareholders of record on Friday, September 9th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 4.11%. The ex-dividend date of this dividend was Wednesday, September 7th. American Railcar Industries’s payout ratio is 29.74%.
A number of analysts have recently weighed in on the company. Zacks Investment Research lowered American Railcar Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, August 2nd. Cowen and Company increased their price objective on American Railcar Industries from $40.00 to $43.00 and gave the company a “market perform” rating in a research note on Tuesday, August 2nd. Finally, Standpoint Research reaffirmed a “buy” rating on shares of American Railcar Industries in a research note on Wednesday, July 27th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. American Railcar Industries has a consensus rating of “Hold” and an average target price of $41.67.
American Railcar Industries Company Profile
American Railcar Industries, Inc is a designer and manufacturer of hopper and tank railcars. The Company designs, manufactures and sells railcars and a range of components for the North American railcar and industrial markets. The Company operates through three segments: manufacturing, railcar leasing and railcar services.
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