American Railcar Industries, Inc. (NASDAQ:ARII) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a report released on Monday.

A number of other analysts also recently issued reports on the company. Zacks Investment Research downgraded American Railcar Industries from a “buy” rating to a “strong sell” rating in a research report on Monday. Stifel Nicolaus set a $32.00 target price on American Railcar Industries and gave the company a “hold” rating in a research report on Wednesday, August 2nd. BidaskClub downgraded American Railcar Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Finally, Buckingham Research began coverage on American Railcar Industries in a research report on Wednesday, June 21st. They issued a “neutral” rating and a $38.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $38.33.

American Railcar Industries (NASDAQ ARII) traded up 2.33% during mid-day trading on Monday, hitting $37.35. The stock had a trading volume of 110,105 shares. The company has a market capitalization of $712.75 million, a P/E ratio of 13.93 and a beta of 2.32. The stock’s 50-day moving average is $36.95 and its 200 day moving average is $40.30. American Railcar Industries has a 52 week low of $34.29 and a 52 week high of $51.10.

American Railcar Industries (NASDAQ:ARII) last released its earnings results on Tuesday, August 1st. The transportation company reported $0.62 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.62. The business had revenue of $109 million for the quarter, compared to the consensus estimate of $113.62 million. American Railcar Industries had a return on equity of 11.40% and a net margin of 9.59%. American Railcar Industries’s quarterly revenue was down 27.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.02 earnings per share. Equities analysts forecast that American Railcar Industries will post $2.27 earnings per share for the current fiscal year.

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A number of institutional investors have recently made changes to their positions in the company. State Street Corp increased its position in shares of American Railcar Industries by 2.1% in the fourth quarter. State Street Corp now owns 182,501 shares of the transportation company’s stock worth $8,267,000 after buying an additional 3,728 shares during the period. AQR Capital Management LLC increased its position in shares of American Railcar Industries by 0.7% in the fourth quarter. AQR Capital Management LLC now owns 19,462 shares of the transportation company’s stock worth $881,000 after buying an additional 133 shares during the period. Norges Bank acquired a new position in shares of American Railcar Industries during the fourth quarter worth $8,963,000. Teachers Advisors LLC increased its position in shares of American Railcar Industries by 27.7% in the fourth quarter. Teachers Advisors LLC now owns 15,913 shares of the transportation company’s stock worth $721,000 after buying an additional 3,449 shares during the period. Finally, Highbridge Capital Management LLC acquired a new position in shares of American Railcar Industries during the fourth quarter worth $220,000. 95.03% of the stock is currently 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 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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