American Railcar Industries, Inc. (NASDAQ:ARII) was downgraded by Zacks Investment Research from a “buy” rating to a “strong sell” rating in a report issued on Monday.

According to Zacks, “American Railcar Industries, Inc. is a leading North American manufacturer of covered hopper and tank railcars. ARI also repairs and refurbishes railcars, provides fleet management services and designs and manufactures railcar and industrial components used in the production of its railcars as well as railcars and non-railcar industrial products produced by others. “

ARII has been the subject of a number of other reports. Buckingham Research initiated coverage on shares of American Railcar Industries in a research note on Wednesday, June 21st. They set a “neutral” rating and a $38.00 price objective for the company. ValuEngine downgraded shares of American Railcar Industries from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Stifel Nicolaus set a $32.00 price objective on shares of American Railcar Industries and gave the stock a “hold” rating in a research note on Wednesday, August 2nd. Finally, BidaskClub downgraded shares of American Railcar Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $38.33.

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

American Railcar Industries (NASDAQ:ARII) last posted its quarterly earnings data on Tuesday, August 1st. The transportation company reported $0.62 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.62. American Railcar Industries had a net margin of 9.59% and a return on equity of 11.40%. The company had revenue of $109 million during the quarter, compared to the consensus estimate of $113.62 million. During the same period in the prior year, the business posted $1.02 EPS. The company’s quarterly revenue was down 27.6% on a year-over-year basis. On average, equities analysts anticipate that American Railcar Industries will post $2.27 earnings per share for the current fiscal year.

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Several large investors have recently modified their holdings of ARII. KBC Group boosted its stake in shares of American Railcar Industries by 33.0% in the third quarter. KBC Group now owns 50,949 shares of the transportation company’s stock worth $1,842,000 after buying an additional 12,629 shares during the last quarter. Morgan Stanley boosted its stake in shares of American Railcar Industries by 22.8% in the fourth quarter. Morgan Stanley now owns 145,885 shares of the transportation company’s stock worth $6,752,000 after buying an additional 27,094 shares during the last quarter. New Amsterdam Partners LLC NY purchased a new stake in shares of American Railcar Industries during the third quarter worth about $3,787,000. Horrell Capital Management Inc. boosted its stake in shares of American Railcar Industries by 0.7% in the fourth quarter. Horrell Capital Management Inc. now owns 26,782 shares of the transportation company’s stock worth $1,239,000 after buying an additional 184 shares during the last quarter. Finally, 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 transportation company’s stock worth $128,000 after buying an additional 1,426 shares during the last quarter. 95.03% of the stock is currently owned by 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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