American Railcar Industries Inc. (ARII) Sees Large Volume Increase
American Railcar Industries Inc. (NASDAQ:ARII) saw an uptick in trading volume on Thursday . 121,401 shares traded hands during trading, a decline of 5% from the previous session’s volume of 127,844 shares.The stock last traded at $39.18 and had previously closed at $38.65.
Several research firms have weighed in on ARII. Zacks Investment Research upgraded shares of American Railcar Industries from a “sell” rating to a “hold” rating in a report on Tuesday. Cowen and Company began coverage on shares of American Railcar Industries in a report on Wednesday, June 22nd. They set a “market perform” rating and a $40.00 target price for the company. Finally, TheStreet upgraded shares of American Railcar Industries from a “hold” rating to a “buy” rating in a report on Monday, April 18th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. American Railcar Industries has a consensus rating of “Hold” and an average target price of $40.67.
The stock has a market capitalization of $807.67 million and a price-to-earnings ratio of 6.97. The company has a 50 day moving average price of $39.47 and a 200 day moving average price of $41.26.
American Railcar Industries (NASDAQ:ARII) last released its quarterly earnings results on Thursday, April 28th. The company reported $1.16 EPS for the quarter, missing the consensus estimate of $1.35 by $0.19. The firm had revenue of $176.20 million for the quarter, compared to analyst estimates of $200.27 million. The business’s revenue was down 33.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.64 EPS. Analysts predict that American Railcar Industries Inc. will post $4.21 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Friday, June 17th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, June 15th. This represents a $1.60 annualized dividend and a dividend yield of 3.88%.
An institutional investor recently raised its position in American Railcar Industries stock. Afam Capital Inc. boosted its stake in American Railcar Industries Inc. (NASDAQ:ARII) by 2.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 69,463 shares of the company’s stock after buying an additional 1,825 shares during the period. Afam Capital Inc. owned about 0.35% of American Railcar Industries worth $3,215,000 as of its most recent SEC filing.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.