American Railcar Industries Inc. (ARII) Shares Sold by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP reduced its stake in American Railcar Industries Inc. (NASDAQ:ARII) by 0.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,389,151 shares of the company’s stock after selling 2,371 shares during the period. Dimensional Fund Advisors LP owned about 7.16% of American Railcar Industries worth $54,830,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. raised its stake in American Railcar Industries by 60.4% in the first quarter. JPMorgan Chase & Co. now owns 173,077 shares of the company’s stock worth $7,049,000 after buying an additional 65,189 shares during the last quarter. First Trust Advisors LP raised its stake in American Railcar Industries by 218.1% in the second quarter. First Trust Advisors LP now owns 61,655 shares of the company’s stock worth $2,434,000 after buying an additional 42,273 shares during the last quarter. UBS Group AG raised its stake in American Railcar Industries by 52.7% in the first quarter. UBS Group AG now owns 60,674 shares of the company’s stock worth $2,471,000 after buying an additional 20,943 shares during the last quarter. KBC Group NV raised its stake in American Railcar Industries by 52.0% in the second quarter. KBC Group NV now owns 53,028 shares of the company’s stock worth $2,093,000 after buying an additional 18,149 shares during the last quarter. Finally, James Investment Research Inc. raised its stake in American Railcar Industries by 13.8% in the second quarter. James Investment Research Inc. now owns 138,980 shares of the company’s stock worth $5,486,000 after buying an additional 16,890 shares during the last quarter. 92.01% of the stock is currently owned by institutional investors and hedge funds.
Shares of American Railcar Industries Inc. (NASDAQ:ARII) traded down 0.63% during trading on Thursday, reaching $40.93. The company’s stock had a trading volume of 7,793 shares. American Railcar Industries Inc. has a 12-month low of $36.18 and a 12-month high of $57.93. The company has a 50 day moving average of $40.60 and a 200 day moving average of $40.55. The company has a market cap of $794.00 million, a PE ratio of 7.57 and a beta of 2.61.
American Railcar Industries (NASDAQ:ARII) last announced its quarterly earnings data on Thursday, July 28th. The company reported $1.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.03. American Railcar Industries had a return on equity of 20.23% and a net margin of 14.23%. The business had revenue of $150.50 million for the quarter, compared to the consensus estimate of $147.37 million. During the same period in the previous year, the business earned $1.54 earnings per share. The business’s revenue was down 21.6% on a year-over-year basis. On average, analysts anticipate that American Railcar Industries Inc. will post $4.15 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 23rd. Stockholders of record on Friday, September 9th were given a $0.40 dividend. The ex-dividend date was Wednesday, September 7th. This represents a $1.60 annualized dividend and a dividend yield of 3.88%. American Railcar Industries’s payout ratio is 29.74%.
A number of research firms recently issued reports on ARII. Zacks Investment Research lowered American Railcar Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, August 2nd. Standpoint Research restated a “buy” rating on shares of American Railcar Industries in a research note on Wednesday, July 27th. Finally, Cowen and Company assumed coverage on American Railcar Industries in a research note on Wednesday, June 22nd. They issued a “market perform” rating and a $40.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $41.67.
About American Railcar Industries
American Railcar Industries, Inc is a designer and manufacturer of hopper and tank railcars. The Company designs, manufactures and sells railcars and a range of components for the North American railcar and industrial markets. The Company operates through three segments: manufacturing, railcar leasing and railcar services.
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