Shares of American Railcar Industries, Inc. (NASDAQ:ARII) have been assigned an average rating of “Hold” from the eight brokerages that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $38.33.

Several brokerages have recently weighed in on ARII. Cowen and Company restated a “buy” rating and set a $45.00 price target on shares of American Railcar Industries in a report on Thursday. BidaskClub upgraded American Railcar Industries from a “sell” rating to a “hold” rating in a report on Wednesday. ValuEngine upgraded American Railcar Industries from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Stifel Nicolaus set a $32.00 price target on American Railcar Industries and gave the company a “hold” rating in a report on Wednesday, August 2nd. Finally, Zacks Investment Research downgraded American Railcar Industries from a “buy” rating to a “strong sell” rating in a report on Monday, August 7th.

American Railcar Industries (NASDAQ ARII) opened at 36.15 on Friday. American Railcar Industries has a 52-week low of $34.30 and a 52-week high of $51.10. The firm has a market cap of $689.85 million, a P/E ratio of 13.48 and a beta of 2.32. The company’s 50 day moving average is $36.96 and its 200-day moving average is $39.87.

American Railcar Industries (NASDAQ:ARII) last issued its quarterly earnings results on Tuesday, August 1st. The transportation company reported $0.62 earnings per share for the quarter, meeting the consensus estimate of $0.62. American Railcar Industries had a return on equity of 11.40% and a net margin of 9.59%. The firm had revenue of $109 million during the quarter, compared to the consensus estimate of $113.62 million. During the same period last year, the company earned $1.02 earnings per share. The company’s revenue was down 27.6% on a year-over-year basis. On average, equities analysts predict that American Railcar Industries will post $2.22 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 8th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $1.60 annualized dividend and a dividend yield of 4.43%. American Railcar Industries’s payout ratio is presently 59.70%.

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Several institutional investors have recently modified their holdings of ARII. Wellington Management Group LLP increased its stake in American Railcar Industries by 0.3% in the first quarter. Wellington Management Group LLP now owns 17,215 shares of the transportation company’s stock valued at $707,000 after buying an additional 57 shares during the last quarter. AQR Capital Management LLC increased its stake in 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 valued at $881,000 after buying an additional 133 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in American Railcar Industries by 0.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 30,507 shares of the transportation company’s stock valued at $1,169,000 after buying an additional 152 shares during the last quarter. Parametric Portfolio Associates LLC increased its stake in American Railcar Industries by 1.1% in the first quarter. Parametric Portfolio Associates LLC now owns 21,261 shares of the transportation company’s stock valued at $874,000 after buying an additional 233 shares during the last quarter. Finally, American International Group Inc. increased its stake in American Railcar Industries by 7.0% in the first quarter. American International Group Inc. now owns 4,772 shares of the transportation company’s stock valued at $196,000 after buying an additional 314 shares during the last quarter. Hedge funds and other institutional investors own 95.03% of the company’s stock.

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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