American Railcar Industries, Inc. (NASDAQ:ARII) was downgraded by Zacks Investment Research from a “buy” rating to a “strong sell” rating in a report issued on Monday, August 7th.

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. “

A number of other research analysts have also commented on the stock. Buckingham Research initiated coverage on shares of American Railcar Industries in a research note on Wednesday, June 21st. They set a “neutral” rating and a $38.00 price objective on the stock. ValuEngine upgraded shares of American Railcar Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, May 16th. BidaskClub lowered shares of American Railcar Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Finally, Stifel Nicolaus set a $32.00 price target on shares of American Railcar Industries and gave the stock a “hold” rating in a research report on Wednesday, August 2nd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $38.33.

Shares of American Railcar Industries (ARII) traded down 0.26% during midday trading on Monday, hitting $35.12. The company had a trading volume of 214,921 shares. The company has a 50-day moving average of $36.79 and a 200 day moving average of $39.48. American Railcar Industries has a 12 month low of $34.30 and a 12 month high of $51.10. The firm has a market capitalization of $670.19 million, a PE ratio of 13.10 and a beta of 2.32.

American Railcar Industries (NASDAQ:ARII) last posted its quarterly earnings data on Tuesday, August 1st. The transportation company reported $0.62 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.62. American Railcar Industries had a net margin of 9.59% and a return on equity of 11.40%. The business had revenue of $109 million for the quarter, compared to analyst estimates of $113.62 million. During the same quarter last year, the business earned $1.02 earnings per share. The business’s revenue for the quarter was down 27.6% on a year-over-year basis. On average, analysts expect that American Railcar Industries will post $2.22 EPS for the current fiscal year.

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Several large investors have recently modified their holdings of the stock. Norges Bank bought a new stake in shares of American Railcar Industries during the fourth quarter worth about $8,963,000. State Street Corp raised its stake in American Railcar Industries by 2.1% in the fourth quarter. State Street Corp now owns 182,501 shares of the transportation company’s stock valued at $8,267,000 after buying an additional 3,728 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in American Railcar Industries by 11.4% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 5,180 shares of the transportation company’s stock valued at $213,000 after buying an additional 529 shares during the last quarter. LSV Asset Management raised its stake in American Railcar Industries by 1.6% in the first quarter. LSV Asset Management now owns 457,719 shares of the transportation company’s stock valued at $18,812,000 after buying an additional 7,300 shares during the last quarter. Finally, Alpha Windward LLC acquired a new stake in American Railcar Industries during the first quarter valued at about $422,000. 93.86% 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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