Zacks Investment Research upgraded shares of American Railcar Industries (NASDAQ:ARII) from a hold rating to a buy rating in a research note issued to investors on Friday morning. The firm currently has $40.00 target price on the transportation company’s stock.

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. “

ARII has been the topic of several other reports. BidaskClub upgraded shares of American Railcar Industries from a hold rating to a buy rating in a report on Wednesday, January 3rd. Seaport Global Securities initiated coverage on shares of American Railcar Industries in a report on Thursday, January 4th. They set a neutral rating on the stock. Cowen reiterated a buy rating and set a $44.00 price target on shares of American Railcar Industries in a report on Wednesday, November 1st. Stifel Nicolaus upped their price target on shares of American Railcar Industries from $32.00 to $35.00 and gave the company a hold rating in a report on Tuesday, November 7th. Finally, ValuEngine upgraded shares of American Railcar Industries from a hold rating to a buy rating in a research note on Sunday, December 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $39.50.

Shares of American Railcar Industries (NASDAQ ARII) traded up $0.08 during midday trading on Friday, hitting $35.89. 72,893 shares of the stock traded hands, compared to its average volume of 64,153. The company has a debt-to-equity ratio of 0.94, a current ratio of 3.06 and a quick ratio of 2.13. The stock has a market cap of $683.39, a PE ratio of 13.10 and a beta of 2.13. American Railcar Industries has a 52-week low of $34.29 and a 52-week high of $49.33.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ARII. Schwab Charles Investment Management Inc. boosted its stake in shares of American Railcar Industries by 0.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 30,507 shares of the transportation company’s stock valued at $1,169,000 after purchasing an additional 152 shares in the last quarter. Alliancebernstein L.P. boosted its stake in shares of American Railcar Industries by 41.0% during the second quarter. Alliancebernstein L.P. now owns 8,260 shares of the transportation company’s stock valued at $316,000 after purchasing an additional 2,400 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of American Railcar Industries by 4.3% during the second quarter. PNC Financial Services Group Inc. now owns 18,063 shares of the transportation company’s stock valued at $692,000 after purchasing an additional 740 shares in the last quarter. Northern Trust Corp boosted its stake in shares of American Railcar Industries by 82.8% during the second quarter. Northern Trust Corp now owns 290,305 shares of the transportation company’s stock valued at $11,119,000 after purchasing an additional 131,503 shares in the last quarter. Finally, California Public Employees Retirement System boosted its stake in shares of American Railcar Industries by 1.2% during the second quarter. California Public Employees Retirement System now owns 69,200 shares of the transportation company’s stock valued at $2,650,000 after purchasing an additional 800 shares in the last quarter. Hedge funds and other institutional investors own 94.84% 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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