American Railcar Industries Inc. (NASDAQ:ARII) Given Average Rating of “Hold” by Brokerages
American Railcar Industries Inc. (NASDAQ:ARII) has been assigned a consensus rating of “Hold” from the six brokerages that are currently covering the stock. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $40.50.
ARII has been the topic of several recent analyst reports. Zacks Investment Research cut shares of American Railcar Industries from a “hold” rating to a “sell” rating in a research report on Wednesday, July 27th. Standpoint Research reissued a “buy” rating on shares of American Railcar Industries in a research report on Wednesday, July 27th. Finally, Cowen and Company lifted their target price on shares of American Railcar Industries from $40.00 to $43.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 2nd.
Several large investors have recently modified their holdings of ARII. Magnetar Financial LLC raised its position in American Railcar Industries by 4.8% in the first quarter. Magnetar Financial LLC now owns 7,965 shares of the company’s stock worth $324,000 after buying an additional 368 shares in the last quarter. UBS Group AG raised its position in American Railcar Industries by 52.7% in the first quarter. UBS Group AG now owns 60,674 shares of the company’s stock worth $2,471,000 after buying an additional 20,943 shares in the last quarter. MSI Financial Services Inc raised its position in American Railcar Industries by 6,847.6% in the second quarter. MSI Financial Services Inc now owns 11,672 shares of the company’s stock worth $461,000 after buying an additional 11,504 shares in the last quarter. LSV Asset Management raised its position in American Railcar Industries by 3.6% in the second quarter. LSV Asset Management now owns 421,390 shares of the company’s stock worth $16,632,000 after buying an additional 14,719 shares in the last quarter. Finally, Commonwealth Equity Services Inc raised its position in American Railcar Industries by 0.6% in the first quarter. Commonwealth Equity Services Inc now owns 17,964 shares of the company’s stock worth $732,000 after buying an additional 109 shares in the last quarter. Institutional investors own 92.01% of the company’s stock.
Shares of American Railcar Industries (NASDAQ:ARII) traded up 0.10% during midday trading on Thursday, hitting $41.23. The company had a trading volume of 25,866 shares. The company’s 50-day moving average price is $40.60 and its 200 day moving average price is $40.55. American Railcar Industries has a 12-month low of $36.18 and a 12-month high of $57.93. The company has a market capitalization of $799.82 million, a price-to-earnings ratio of 7.62 and a beta of 2.61.
American Railcar Industries (NASDAQ:ARII) last posted its earnings results on Thursday, July 28th. The company reported $1.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.03. American Railcar Industries had a net margin of 14.23% and a return on equity of 20.23%. The firm had revenue of $150.50 million for the quarter, compared to analysts’ expectations of $147.37 million. During the same quarter last year, the firm earned $1.54 EPS. The company’s quarterly revenue was down 21.6% compared to the same quarter last year. Equities research analysts predict that American Railcar Industries will post $4.15 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 23rd. Stockholders of record on Friday, September 9th were paid a dividend of $0.40 per share. The ex-dividend date was Wednesday, September 7th. This represents a $1.60 annualized dividend and a dividend yield of 3.88%. American Railcar Industries’s payout ratio is currently 29.74%.
About American Railcar Industries
American Railcar Industries, Inc is a designer and manufacturer of hopper and tank railcars. The Company designs, manufactures and sells railcars and a range of components for the North American railcar and industrial markets. The Company operates through three segments: manufacturing, railcar leasing and railcar services.
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