Zacks Investment Research downgraded shares of American Railcar Industries, Inc. (NASDAQ:ARII) from a buy rating to a strong sell rating in a report released on Monday morning.

According to Zacks, “American Railcar Industries, Inc. is a leading North American manufacturer of covered hopper and tank railcars. ARI also repairs and refurbishes railcars, provides fleet management services and designs and manufactures railcar and industrial components used in the production of its railcars as well as railcars and non-railcar industrial products produced by others. “

Other equities analysts have also recently issued reports about the stock. ValuEngine upgraded shares of American Railcar Industries from a hold rating to a buy rating in a research note on Monday, July 24th. BidaskClub cut shares of American Railcar Industries from a hold rating to a sell rating in a research note on Tuesday, July 25th. Stifel Nicolaus set a $32.00 target price on shares of American Railcar Industries and gave the company a hold rating in a research note on Wednesday, August 2nd. Finally, Buckingham Research began coverage on shares of American Railcar Industries in a research note on Wednesday, June 21st. They issued a neutral rating and a $38.00 target price for the company. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $38.33.

Shares of American Railcar Industries (ARII) traded up 1.61% during mid-day trading on Monday, hitting $37.95. 33,842 shares of the stock traded hands. American Railcar Industries has a 12 month low of $34.29 and a 12 month high of $51.10. The stock has a market cap of $724.20 million, a price-to-earnings ratio of 14.16 and a beta of 2.32. The firm has a 50 day moving average of $36.95 and a 200 day moving average of $40.30.

American Railcar Industries (NASDAQ:ARII) last posted its earnings results on Tuesday, August 1st. The transportation company reported $0.62 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.62. American Railcar Industries had a net margin of 9.59% and a return on equity of 11.40%. The firm had revenue of $109 million during the quarter, compared to analysts’ expectations of $113.62 million. During the same period in the previous year, the business posted $1.02 EPS. The business’s revenue was down 27.6% compared to the same quarter last year. On average, equities analysts expect that American Railcar Industries will post $2.27 EPS for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 8th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 4.28%. The ex-dividend date is Thursday, September 7th. American Railcar Industries’s dividend payout ratio is presently 59.70%.

A number of institutional investors have recently bought and sold shares of the company. Norges Bank bought a new position in American Railcar Industries during the fourth quarter worth $8,963,000. Royce & Associates LP boosted its position in American Railcar Industries by 24.0% in the first quarter. Royce & Associates LP now owns 226,112 shares of the transportation company’s stock worth $9,293,000 after buying an additional 43,812 shares in the last quarter. First Trust Advisors LP boosted its position in American Railcar Industries by 27.6% in the first quarter. First Trust Advisors LP now owns 193,065 shares of the transportation company’s stock worth $7,935,000 after buying an additional 41,795 shares in the last quarter. Vanguard Group Inc. boosted its position in American Railcar Industries by 2.2% in the first quarter. Vanguard Group Inc. now owns 1,097,456 shares of the transportation company’s stock worth $45,106,000 after buying an additional 23,340 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in American Railcar Industries by 7.3% in the first quarter. Bank of New York Mellon Corp now owns 191,087 shares of the transportation company’s stock worth $7,854,000 after buying an additional 13,005 shares in the last quarter. Institutional investors own 95.03% of the company’s stock.

About American Railcar Industries

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

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