American Railcar Industries Inc. (NASDAQ:ARII) fell 2.7% during trading on Monday . The company traded as low as $38.55 and last traded at $38.90, with a volume of 70,492 shares trading hands. The stock had previously closed at $39.99.
A number of research firms have commented on ARII. Zacks Investment Research downgraded American Railcar Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, August 2nd. Cowen and Company boosted their price objective on American Railcar Industries from $40.00 to $43.00 and gave the company a “market perform” rating in a report on Tuesday, August 2nd. Finally, Standpoint Research reiterated a “buy” rating on shares of American Railcar Industries in a report on Wednesday, July 27th. Three analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. American Railcar Industries currently has a consensus rating of “Hold” and an average target price of $41.67.
The stock’s 50 day moving average is $41.35 and its 200-day moving average is $40.76. The stock has a market cap of $760.25 million, a PE ratio of 7.24 and a beta of 2.58.
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American Railcar Industries (NASDAQ:ARII) last announced its earnings results on Thursday, July 28th. The company reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.03. The firm had revenue of $150.50 million for the quarter, compared to analysts’ expectations of $147.37 million. American Railcar Industries had a return on equity of 20.23% and a net margin of 14.23%. American Railcar Industries’s quarterly revenue was down 21.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.54 EPS. Analysts forecast that American Railcar Industries Inc. will post $4.15 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 23rd. Shareholders of record on Friday, September 9th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 4.08%. The ex-dividend date is Wednesday, September 7th. American Railcar Industries’s dividend payout ratio (DPR) is presently 29.74%.
A number of large investors have recently made changes to their positions in the stock. BlackRock Group LTD boosted its stake in shares of American Railcar Industries by 83.4% in the first quarter. BlackRock Group LTD now owns 3,135 shares of the company’s stock worth $128,000 after buying an additional 1,426 shares during the period. UBS Group AG boosted its stake in shares of 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. Magnetar Financial LLC boosted its stake in shares of American Railcar Industries by 4.8% in the first quarter. Magnetar Financial LLC now owns 7,965 shares of the company’s stock worth $324,000 after buying an additional 368 shares during the period. Wellington Management Group LLP bought a new stake in shares of American Railcar Industries during the first quarter worth approximately $351,000. Finally, Commonwealth Equity Services Inc boosted its stake in shares of American Railcar Industries by 0.6% in the first quarter. Commonwealth Equity Services Inc now owns 17,964 shares of the company’s stock worth $732,000 after buying an additional 109 shares during the period. Hedge funds and other institutional investors own 92.01% of the company’s stock.
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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