Stock Traders Purchase High Volume of American Railcar Industries Put Options (ARII)
American Railcar Industries (NASDAQ:ARII) was the recipient of unusually large options trading activity on Wednesday. Stock traders purchased 276 put options on the stock, American Banking and Market News reports. This represents an increase of approximately 325% compared to the typical volume of 65 put options.
Separately, analysts at Zacks upgraded shares of American Railcar Industries from a “neutral” rating to an “outperform” rating in a research note on Friday, August 8th. They now have a $72.60 price target on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $53.87.
American Railcar Industries (NASDAQ:ARII) traded up 2.51% on Wednesday, hitting $74.82. The stock had a trading volume of 315,500 shares. American Railcar Industries has a 1-year low of $34.03 and a 1-year high of $77.50. The stock has a 50-day moving average of $68.4 and a 200-day moving average of $64.50. The company has a market cap of $1.598 billion and a P/E ratio of 15.85.
American Railcar Industries (NASDAQ:ARII) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $1.51 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.20 by $0.31. Analysts expect that American Railcar Industries will post $4.58 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 23rd. Shareholders of record on Tuesday, September 16th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date of this dividend is Friday, September 12th.
American Railcar Industries, Inc is a North American designer and manufacturer of hopper and tank railcars.
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