American Railcar Industries Inc. (NASDAQ:ARII) shares were up 5.1% during trading on Friday . The stock traded as high as $41.46 and last traded at $41.29, with a volume of 71,008 shares traded. The stock had previously closed at $39.29.

Several research firms have recently weighed in on ARII. TheStreet downgraded American Railcar Industries from a “buy” rating to a “hold” rating in a research report on Friday, March 11th. Zacks Investment Research upgraded American Railcar Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, April 20th. Finally, Cowen and Company began coverage on American Railcar Industries in a research report on Wednesday, June 22nd. They set a “market perform” rating and a $40.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $40.67.

The firm has a 50-day moving average of $39.39 and a 200 day moving average of $41.31. The firm has a market capitalization of $807.67 million and a price-to-earnings ratio of 6.97.

American Railcar Industries (NASDAQ:ARII) last posted its quarterly earnings results on Thursday, April 28th. The company reported $1.16 EPS for the quarter, missing analysts’ consensus estimates of $1.35 by $0.19. The business had revenue of $176.20 million for the quarter, compared to analyst estimates of $200.27 million. The company’s revenue for the quarter was down 33.2% on a year-over-year basis. During the same period last year, the firm earned $1.64 EPS. On average, analysts anticipate that American Railcar Industries Inc. will post $4.21 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Friday, June 17th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.88%. The ex-dividend date was Wednesday, June 15th.

A hedge fund recently raised its stake in American Railcar Industries stock. Afam Capital Inc. increased its position in American Railcar Industries Inc. (NASDAQ:ARII) by 2.7% during the fourth quarter, Holdings Channel reports. The fund owned 69,463 shares of the company’s stock after buying an additional 1,825 shares during the period. Afam Capital Inc. owned approximately 0.35% of American Railcar Industries worth $3,215,000 at the end of the most recent reporting period.

American Railcar Industries, Inc is a designer and manufacturer of hopper and tank railcars. The Company designs manufactures and sells customized and general-purpose railcars and a range of components for the North American railcar and industrial markets. It operates in three segments: manufacturing, railcar leasing and railcar services.

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