Shares of American Railcar Industries Inc. (NASDAQ:ARII) have been given an average recommendation of “Hold” by the six ratings firms that are currently covering the firm. Two investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $40.50.
A number of analysts have recently weighed in on ARII shares. Zacks Investment Research downgraded shares of American Railcar Industries from a “hold” rating to a “sell” rating in a research report on Wednesday, July 27th. Cowen and Company raised their price target on shares of American Railcar Industries from $40.00 to $43.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 2nd. Finally, Standpoint Research reissued a “buy” rating on shares of American Railcar Industries in a research report on Wednesday, July 27th.
American Railcar Industries (NASDAQ:ARII) opened at 41.00 on Thursday. The stock has a market cap of $795.36 million, a P/E ratio of 7.58 and a beta of 2.61. The firm’s 50-day moving average is $40.54 and its 200-day moving average is $40.50. American Railcar Industries has a 12 month low of $36.18 and a 12 month high of $57.93.
American Railcar Industries (NASDAQ:ARII) last posted its quarterly earnings data on Thursday, July 28th. The company reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.03. The company had revenue of $150.50 million for the quarter, compared to analyst estimates of $147.37 million. American Railcar Industries had a net margin of 14.23% and a return on equity of 20.23%. The business’s quarterly revenue was down 21.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.54 earnings per share. On average, equities analysts forecast that American Railcar Industries will post $4.15 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 23rd. Shareholders of record on Friday, September 9th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.90%. The ex-dividend date was Wednesday, September 7th. American Railcar Industries’s dividend payout ratio is presently 29.74%.
A number of institutional investors have recently added to or reduced their stakes in ARII. Smithfield Trust Co. increased its position in American Railcar Industries by 4.4% in the second quarter. Smithfield Trust Co. now owns 2,610 shares of the company’s stock worth $103,000 after buying an additional 110 shares in the last quarter. BlackRock Inc. increased its position in American Railcar Industries by 401.2% in the second quarter. BlackRock Inc. now owns 2,852 shares of the company’s stock worth $112,000 after buying an additional 2,283 shares in the last quarter. Rational Advisors LLC acquired a new position in American Railcar Industries during the second quarter worth approximately $122,000. BlackRock Group LTD increased its position in American Railcar Industries by 57.1% in the second quarter. BlackRock Group LTD now owns 4,925 shares of the company’s stock worth $195,000 after buying an additional 1,790 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in American Railcar Industries by 17.6% in the second quarter. Victory Capital Management Inc. now owns 5,425 shares of the company’s stock worth $214,000 after buying an additional 811 shares in the last quarter. 92.01% of the stock is owned by hedge funds and other institutional investors.
About American Railcar Industries
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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