American Railcar Industries Inc. (ARII) Sees Large Volume Increase
American Railcar Industries Inc. (NASDAQ:ARII) saw unusually-strong trading volume on Thursday . Approximately 121,401 shares traded hands during mid-day 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.
A number of equities analysts have recently commented on ARII shares. TheStreet downgraded American Railcar Industries from a “buy” rating to a “hold” rating in a report on Friday, March 11th. Zacks Investment Research upgraded American Railcar Industries from a “sell” rating to a “hold” rating in a report on Wednesday, April 20th. Finally, Cowen and Company started coverage on American Railcar Industries in a report on Wednesday, June 22nd. They issued a “market perform” rating and a $40.00 price objective on the stock. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. American Railcar Industries presently has a consensus rating of “Hold” and a consensus target price of $40.67.
The company’s 50 day moving average is $39.39 and its 200 day moving average is $41.31. The company has a market cap of $768.55 million and a price-to-earnings ratio of 6.63.
American Railcar Industries (NASDAQ:ARII) last announced its earnings results on Thursday, April 28th. The company reported $1.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.35 by $0.19. The firm earned $176.20 million during the quarter, compared to the consensus estimate of $200.27 million. During the same quarter in the previous year, the business earned $1.64 earnings per share. The firm’s revenue for the quarter was down 33.2% compared to the same quarter last year. Analysts predict that American Railcar Industries Inc. will post $4.21 earnings per share for the current year.
The business also recently announced 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. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.07%. The ex-dividend date of this dividend was Wednesday, June 15th.
An institutional investor recently raised its position 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 firm 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.