American Railcar Industries, Inc. (NASDAQ:ARII) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Tuesday.

Other equities research analysts also recently issued reports about the stock. Cowen and Company reiterated a “buy” rating and set a $45.00 price objective on shares of American Railcar Industries in a research note on Thursday, August 10th. BidaskClub raised shares of American Railcar Industries from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. Stifel Nicolaus set a $32.00 target price on shares of American Railcar Industries and gave the stock a “hold” rating in a report on Wednesday, August 2nd. Buckingham Research started coverage on shares of American Railcar Industries in a report on Wednesday, June 21st. They issued a “neutral” rating and a $38.00 target price for the company. Finally, Zacks Investment Research cut shares of American Railcar Industries from a “buy” rating to a “strong sell” rating in a report on Monday, August 7th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $38.33.

Shares of American Railcar Industries (NASDAQ ARII) traded up 2.38% during trading on Tuesday, hitting $36.92. 138,756 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $36.10 and its 200-day moving average price is $38.30. American Railcar Industries has a 1-year low of $34.30 and a 1-year high of $51.10. The stock has a market cap of $704.54 million, a PE ratio of 13.77 and a beta of 2.34.

American Railcar Industries (NASDAQ:ARII) last announced its quarterly earnings data on Tuesday, August 1st. The transportation company reported $0.62 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.62. The firm had revenue of $109.00 million for the quarter, compared to the consensus estimate of $113.62 million. American Railcar Industries had a net margin of 9.59% and a return on equity of 11.40%. The business’s revenue for the quarter was down 27.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.02 earnings per share. On average, equities analysts expect that American Railcar Industries will post $2.22 earnings per share for the current fiscal year.

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Several hedge funds have recently bought and sold shares of ARII. Northern Trust Corp lifted its holdings in shares of American Railcar Industries by 82.8% in the second quarter. Northern Trust Corp now owns 290,305 shares of the transportation company’s stock worth $11,119,000 after acquiring an additional 131,503 shares during the last quarter. Kennedy Capital Management Inc. bought a new position in shares of American Railcar Industries in the second quarter worth about $3,064,000. Royce & Associates LP lifted its holdings in shares of 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 acquiring an additional 43,812 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of 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 acquiring an additional 41,795 shares during the last quarter. Finally, OxFORD Asset Management LLP bought a new position in shares of American Railcar Industries in the second quarter worth about $895,000. 93.88% of the stock is owned by hedge funds and other institutional investors.

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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