Shares of American Railcar Industries Inc. (NASDAQ:ARII) 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 analysts have commented on ARII shares. Zacks Investment Research raised shares of American Railcar Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, April 20th. TheStreet raised shares of American Railcar Industries from a “hold” rating to a “buy” rating in a research report on Monday, April 18th. Finally, Cowen and Company started coverage on shares of American Railcar Industries in a research report on Wednesday, June 22nd. They issued a “market perform” rating and a $40.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $40.67.

The firm has a market cap of $807.67 million and a P/E ratio of 6.97. The stock’s 50 day moving average is $39.47 and its 200-day moving average is $41.26.

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

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Friday, June 17th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend 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. boosted its stake in shares of 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.

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