American Railcar Industries, Inc. (NASDAQ:ARII) has received a consensus recommendation of “Hold” from the eight ratings firms that are covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $39.33.

Several equities research analysts have commented on ARII shares. ValuEngine upgraded American Railcar Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, September 12th. Zacks Investment Research upgraded American Railcar Industries from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 17th. Cowen restated a “buy” rating and set a $44.00 price target on shares of American Railcar Industries in a research note on Wednesday, November 1st. Buckingham Research upped their price target on American Railcar Industries from $38.00 to $39.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 1st. Finally, Stifel Nicolaus upped their price target on American Railcar Industries from $32.00 to $35.00 and gave the stock a “hold” rating in a research note on Tuesday, November 7th.

Several hedge funds and other institutional investors have recently modified their holdings of the company. California Public Employees Retirement System boosted its position in shares of American Railcar Industries by 7.3% in the third quarter. California Public Employees Retirement System now owns 74,243 shares of the transportation company’s stock worth $2,866,000 after buying an additional 5,043 shares during the period. Schwab Charles Investment Management Inc. boosted its position in shares of American Railcar Industries by 4.6% in the third quarter. Schwab Charles Investment Management Inc. now owns 31,918 shares of the transportation company’s stock worth $1,233,000 after buying an additional 1,411 shares during the period. JPMorgan Chase & Co. boosted its position in shares of American Railcar Industries by 1,138.7% in the third quarter. JPMorgan Chase & Co. now owns 10,851 shares of the transportation company’s stock worth $426,000 after buying an additional 9,975 shares during the period. Russell Investments Group Ltd. purchased a new stake in shares of American Railcar Industries in the third quarter worth about $173,000. Finally, Sunbelt Securities Inc. purchased a new stake in shares of American Railcar Industries in the third quarter worth about $339,000. 94.78% of the stock is owned by institutional investors.

Shares of American Railcar Industries (NASDAQ:ARII) opened at $40.59 on Tuesday. The company has a market capitalization of $774.42, a PE ratio of 14.76 and a beta of 2.42. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.13 and a current ratio of 3.06. American Railcar Industries has a 12 month low of $34.29 and a 12 month high of $49.33.

American Railcar Industries (NASDAQ:ARII) last announced its quarterly earnings results on Tuesday, October 31st. The transportation company reported $0.46 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.11). The firm had revenue of $120.75 million for the quarter, compared to analyst estimates of $123.63 million. American Railcar Industries had a return on equity of 9.66% and a net margin of 10.28%. The business’s revenue was down 16.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.94 earnings per share. sell-side analysts anticipate that American Railcar Industries will post 2.08 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 22nd. Stockholders of record on Friday, December 8th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.94%. The ex-dividend date was Thursday, December 7th. American Railcar Industries’s payout ratio is 58.18%.

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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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