New York State Common Retirement Fund lessened its holdings in American Railcar Industries, Inc. (NASDAQ:ARII) by 0.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,700 shares of the transportation company’s stock after selling 1 shares during the period. New York State Common Retirement Fund’s holdings in American Railcar Industries were worth $333,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Wellington Management Group LLP increased its stake in American Railcar Industries by 0.3% during the 1st quarter. Wellington Management Group LLP now owns 17,215 shares of the transportation company’s stock worth $707,000 after buying an additional 57 shares during the period. Schwab Charles Investment Management Inc. increased its stake in American Railcar Industries by 0.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 30,507 shares of the transportation company’s stock worth $1,169,000 after buying an additional 152 shares during the period. Parametric Portfolio Associates LLC increased its stake in American Railcar Industries by 1.1% during the 1st quarter. Parametric Portfolio Associates LLC now owns 21,261 shares of the transportation company’s stock worth $874,000 after buying an additional 233 shares during the period. American International Group Inc. increased its stake in American Railcar Industries by 7.0% during the 1st quarter. American International Group Inc. now owns 4,772 shares of the transportation company’s stock worth $196,000 after buying an additional 314 shares during the period. Finally, California Public Employees Retirement System increased its stake in American Railcar Industries by 0.6% during the 1st quarter. California Public Employees Retirement System now owns 68,400 shares of the transportation company’s stock worth $2,811,000 after buying an additional 400 shares during the period. 94.18% of the stock is currently owned by institutional investors and hedge funds.

Shares of American Railcar Industries, Inc. (NASDAQ ARII) opened at $36.96 on Friday. The stock has a market cap of $705.34, a price-to-earnings ratio of 13.25 and a beta of 2.43. American Railcar Industries, Inc. has a one year low of $34.29 and a one year high of $51.10. The company has a current ratio of 3.06, a quick ratio of 2.13 and a debt-to-equity ratio of 0.94.

American Railcar Industries (NASDAQ:ARII) last released its earnings results on Tuesday, October 31st. The transportation company reported $0.46 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.11). The company had revenue of $120.75 million during the quarter, compared to the consensus estimate of $123.63 million. American Railcar Industries had a return on equity of 9.66% and a net margin of 10.28%. American Railcar Industries’s revenue for the quarter was down 16.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.94 EPS. analysts expect that American Railcar Industries, Inc. will post 2.07 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 8th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 4.33%. The ex-dividend date is Thursday, December 7th. American Railcar Industries’s payout ratio is currently 58.39%.

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ARII has been the topic of several analyst reports. ValuEngine raised shares of American Railcar Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, September 12th. Zacks Investment Research raised shares of American Railcar Industries from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 17th. Cowen and Company reaffirmed a “buy” rating and set a $44.00 price target on shares of American Railcar Industries in a research note on Wednesday, November 1st. Stifel Nicolaus lifted their price target on shares of American Railcar Industries from $32.00 to $35.00 and gave the stock a “hold” rating in a research note on Tuesday, November 7th. Finally, BidaskClub downgraded shares of American Railcar Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, August 15th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. American Railcar Industries currently has a consensus rating of “Hold” and an average price target of $39.33.

American Railcar Industries 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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Institutional Ownership by Quarter for American Railcar Industries (NASDAQ:ARII)

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