ValuEngine upgraded shares of American Railcar Industries, Inc. (NASDAQ:ARII) from a hold rating to a buy rating in a research note released on Tuesday.
A number of other brokerages also recently weighed in on ARII. BidaskClub raised American Railcar Industries from a sell rating to a hold rating in a research note on Wednesday, August 9th. Zacks Investment Research downgraded American Railcar Industries from a buy rating to a strong sell rating in a research note on Monday, August 7th. Cowen and Company reissued a buy rating and issued a $45.00 price objective on shares of American Railcar Industries in a research note on Thursday, August 10th. Buckingham Research assumed coverage on American Railcar Industries in a research note on Wednesday, June 21st. They issued a neutral rating and a $38.00 price objective on the stock. Finally, Stifel Nicolaus set a $32.00 price objective on American Railcar Industries and gave the company a hold rating in a research note on Wednesday, August 2nd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $38.33.
American Railcar Industries (ARII) opened at 36.92 on Tuesday. The firm has a 50-day moving average price of $36.10 and a 200-day moving average price of $38.30. American Railcar Industries has a 12-month low of $34.30 and a 12-month high of $51.10. The stock has a market cap of $704.54 million, a PE ratio of 13.77 and a beta of 2.34.
American Railcar Industries (NASDAQ:ARII) last issued its quarterly earnings data on Tuesday, August 1st. The transportation company reported $0.62 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.62. American Railcar Industries had a return on equity of 11.40% and a net margin of 9.59%. The business had revenue of $109.00 million for the quarter, compared to the consensus estimate of $113.62 million. During the same period last year, the business earned $1.02 EPS. The firm’s revenue was down 27.6% compared to the same quarter last year. Analysts forecast that American Railcar Industries will post $2.22 EPS for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 8th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.33%. The ex-dividend date of this dividend is Thursday, September 7th. American Railcar Industries’s payout ratio is 59.70%.
Hedge funds have recently modified their holdings of the stock. Schwab Charles Investment Management Inc. raised its stake in shares of American Railcar Industries by 4.7% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 30,355 shares of the transportation company’s stock valued at $1,248,000 after acquiring an additional 1,368 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in American Railcar Industries by 11.4% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 5,180 shares of the transportation company’s stock valued at $213,000 after buying an additional 529 shares during the last quarter. Victory Capital Management Inc. grew its holdings in American Railcar Industries by 65.6% in the 1st quarter. Victory Capital Management Inc. now owns 12,017 shares of the transportation company’s stock valued at $494,000 after buying an additional 4,760 shares during the last quarter. Swiss National Bank grew its holdings in American Railcar Industries by 10.8% in the 1st quarter. Swiss National Bank now owns 14,400 shares of the transportation company’s stock valued at $592,000 after buying an additional 1,400 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in American Railcar Industries by 3.4% in the 1st quarter. Geode Capital Management LLC now owns 69,825 shares of the transportation company’s stock valued at $2,869,000 after buying an additional 2,303 shares during the last quarter. 93.88% of the stock is currently owned by institutional investors and hedge funds.
American Railcar Industries Company Profile
American Railcar Industries, Inc is a designer and manufacturer of hopper and tank railcars. The Company designs and manufactures railcars and a range of components for the North American railcar and industrial markets. It operates through three segments: manufacturing, railcar leasing and railcar services.
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