American Railcar Industries, Inc. (NASDAQ:ARII) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued on Tuesday.

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 subject of a number of other reports. Stifel Nicolaus set a $32.00 price target on American Railcar Industries and gave the company a “hold” rating in a report on Wednesday, August 2nd. ValuEngine downgraded American Railcar Industries from a “buy” rating to a “hold” rating in a report on Monday, August 7th. Buckingham Research began coverage on American Railcar Industries in a report on Wednesday, June 21st. They issued a “neutral” rating and a $38.00 price target for the company. BidaskClub downgraded American Railcar Industries from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Finally, Cowen and Company restated a “buy” rating and set a $45.00 price objective on shares of American Railcar Industries in a research report on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. American Railcar Industries presently has a consensus rating of “Hold” and an average price target of $38.33.

Shares of American Railcar Industries (NASDAQ ARII) opened at 39.15 on Tuesday. The firm has a market capitalization of $747.10 million, a P/E ratio of 14.60 and a beta of 2.37. The stock has a 50 day moving average price of $37.53 and a 200 day moving average price of $37.71. American Railcar Industries has a 12-month low of $34.30 and a 12-month high of $51.10.

American Railcar Industries (NASDAQ:ARII) last issued its quarterly earnings results on Tuesday, August 1st. The transportation company reported $0.62 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.62. American Railcar Industries had a return on equity of 11.40% and a net margin of 9.59%. The business had revenue of $109.00 million during the quarter, compared to the consensus estimate of $113.62 million. During the same period in the previous year, the business earned $1.02 EPS. The business’s quarterly revenue was down 27.6% on a year-over-year basis. Equities analysts anticipate that American Railcar Industries will post $2.22 earnings per share for the current fiscal year.

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Hedge funds have recently made changes to their positions in the business. Schwab Charles Investment Management Inc. boosted its position in American Railcar Industries by 4.7% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 30,355 shares of the transportation company’s stock worth $1,248,000 after acquiring an additional 1,368 shares during the period. Raymond James Financial Services Advisors Inc. boosted its position in American Railcar Industries by 11.4% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 5,180 shares of the transportation company’s stock worth $213,000 after acquiring an additional 529 shares during the period. Intrinsic Edge Capital Management LLC acquired a new position in American Railcar Industries during the 2nd quarter worth $766,000. Geode Capital Management LLC boosted its position in American Railcar Industries by 3.4% during the 1st quarter. Geode Capital Management LLC now owns 69,825 shares of the transportation company’s stock worth $2,869,000 after acquiring an additional 2,303 shares during the period. Finally, LSV Asset Management boosted its position in American Railcar Industries by 0.9% during the 2nd quarter. LSV Asset Management now owns 461,619 shares of the transportation company’s stock worth $17,680,000 after acquiring an additional 3,900 shares during the period. Institutional investors own 93.85% of the company’s stock.

About American Railcar Industries

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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