BidaskClub downgraded shares of American Railcar Industries (NASDAQ:ARII) from a buy rating to a hold rating in a report issued on Thursday morning.

Several other research analysts also recently commented on ARII. Zacks Investment Research raised shares of American Railcar Industries from a strong sell rating to a hold rating in a research note on Tuesday, October 17th. Cowen reissued a buy rating and set a $44.00 price target on shares of American Railcar Industries in a research note on Wednesday, November 1st. Buckingham Research lifted their price target on shares of American Railcar Industries from $38.00 to $39.00 and gave the stock a neutral rating in a research note on Wednesday, November 1st. Stifel Nicolaus lifted their price target on shares of American Railcar Industries from $32.00 to $35.00 and gave the stock a hold rating in a research note on Tuesday, November 7th. Finally, ValuEngine raised shares of American Railcar Industries from a hold rating to a buy rating in a research note on Sunday, December 31st. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $39.33.

American Railcar Industries (NASDAQ ARII) opened at $40.84 on Thursday. The company has a market cap of $779.39, a P/E ratio of 14.91 and a beta of 2.42. American Railcar Industries has a one year low of $34.29 and a one year high of $49.33. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.13 and a current ratio of 3.06.

American Railcar Industries (NASDAQ:ARII) last posted its quarterly earnings results on Tuesday, October 31st. The transportation company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.11). The business had revenue of $120.75 million for the quarter, compared to analysts’ expectations of $123.63 million. American Railcar Industries had a return on equity of 9.66% and a net margin of 10.28%. The company’s revenue was down 16.7% compared to the same quarter last year. During the same period last year, the business posted $0.94 earnings per share. sell-side analysts predict that American Railcar Industries will post 2.08 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 22nd. Stockholders of record on Friday, December 8th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.92%. The ex-dividend date of this dividend was Thursday, December 7th. American Railcar Industries’s dividend payout ratio is 58.39%.

Several institutional investors have recently modified their holdings of ARII. Schwab Charles Investment Management Inc. grew its holdings in shares of American Railcar Industries by 0.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 30,507 shares of the transportation company’s stock worth $1,169,000 after purchasing an additional 152 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of American Railcar Industries by 1.5% in the second quarter. Bank of New York Mellon Corp now owns 193,962 shares of the transportation company’s stock worth $7,429,000 after purchasing an additional 2,875 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of American Railcar Industries by 8.1% in the second quarter. Victory Capital Management Inc. now owns 12,987 shares of the transportation company’s stock worth $497,000 after purchasing an additional 970 shares during the last quarter. LSV Asset Management grew its holdings in shares of American Railcar Industries by 0.9% in the second quarter. LSV Asset Management now owns 461,619 shares of the transportation company’s stock worth $17,680,000 after purchasing an additional 3,900 shares during the last quarter. Finally, Kennedy Capital Management Inc. bought a new position in shares of American Railcar Industries in the second quarter worth approximately $3,064,000. Hedge funds and other institutional investors own 94.78% of the company’s stock.

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American Railcar Industries Company Profile

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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