American Railcar Industries, Inc. (ARII) Upgraded to “Buy” at ValuEngine
ValuEngine upgraded shares of American Railcar Industries, Inc. (NASDAQ:ARII) from a hold rating to a buy rating in a report released on Tuesday, May 16th.
A number of other research analysts also recently issued reports on the company. Zacks Investment Research raised American Railcar Industries from a sell rating to a hold rating in a report on Tuesday, January 17th. TheStreet downgraded American Railcar Industries from a b- rating to a c+ rating in a report on Thursday, March 9th. Finally, Cowen and Company raised American Railcar Industries from a market perform rating to an outperform rating and boosted their price target for the company from $44.00 to $45.00 in a report on Monday, March 20th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $45.00.
Shares of American Railcar Industries (NASDAQ ARII) traded up 1.11% on Tuesday, hitting $36.44. 86,838 shares of the company traded hands. The stock has a market capitalization of $695.38 million, a price-to-earnings ratio of 11.63 and a beta of 2.47. American Railcar Industries has a 1-year low of $34.50 and a 1-year high of $51.10. The firm’s 50 day moving average price is $37.17 and its 200-day moving average price is $42.42.
American Railcar Industries (NASDAQ:ARII) last released its earnings results on Tuesday, May 2nd. The transportation company reported $0.55 EPS for the quarter, missing the Zacks’ consensus estimate of $0.72 by $0.17. American Railcar Industries had a return on equity of 12.91% and a net margin of 10.46%. The firm had revenue of $114.68 million for the quarter, compared to analyst estimates of $100.50 million. On average, equities research analysts expect that American Railcar Industries will post $2.40 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 29th. Shareholders of record on Friday, June 16th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 4.39%. The ex-dividend date is Wednesday, June 14th. American Railcar Industries’s payout ratio is presently 51.12%.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Norges Bank bought a new position in shares of American Railcar Industries during the fourth quarter worth about $8,963,000. New Amsterdam Partners LLC NY acquired a new stake in American Railcar Industries during the third quarter worth approximately $3,787,000. Royce & Associates LP boosted its stake 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 during the period. First Trust Advisors LP boosted its stake 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 during the period. Finally, Vanguard Group Inc. boosted its stake 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 during the period. 96.74% of the stock is owned by institutional investors.
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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