The Manufacturers Life Insurance Company raised its stake in American Railcar Industries, Inc. (NASDAQ:ARII) by 0.3% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 6,679 shares of the transportation company’s stock after buying an additional 22 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in American Railcar Industries were worth $256,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Schwab Charles Investment Management Inc. raised its stake in shares of American Railcar Industries by 0.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 30,507 shares of the transportation company’s stock valued at $1,169,000 after purchasing an additional 152 shares in the last quarter. Morgan Stanley raised its stake in shares of American Railcar Industries by 0.4% during the first quarter. Morgan Stanley now owns 114,391 shares of the transportation company’s stock valued at $4,702,000 after purchasing an additional 505 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of American Railcar Industries by 4.3% during the second quarter. PNC Financial Services Group Inc. now owns 18,063 shares of the transportation company’s stock valued at $692,000 after purchasing an additional 740 shares in the last quarter. California Public Employees Retirement System raised its stake in shares of American Railcar Industries by 1.2% during the second quarter. California Public Employees Retirement System now owns 69,200 shares of the transportation company’s stock valued at $2,650,000 after purchasing an additional 800 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of American Railcar Industries by 8.1% during the second quarter. Victory Capital Management Inc. now owns 12,987 shares of the transportation company’s stock valued at $497,000 after purchasing an additional 970 shares in the last quarter. Institutional investors own 94.78% of the company’s stock.

A number of brokerages recently weighed in on ARII. Stifel Nicolaus lifted their price objective on shares of American Railcar Industries from $32.00 to $35.00 and gave the company a “hold” rating in a research note on Tuesday, November 7th. Buckingham Research lifted their price objective on shares of American Railcar Industries from $38.00 to $39.00 and gave the company a “neutral” rating in a research note on Wednesday, November 1st. Cowen restated a “buy” rating and set a $44.00 price objective on shares of American Railcar Industries in a research note on Wednesday, November 1st. Zacks Investment Research upgraded shares of American Railcar Industries from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 17th. Finally, BidaskClub upgraded shares of American Railcar Industries from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $39.33.

American Railcar Industries, Inc. (NASDAQ ARII) opened at $40.24 on Thursday. The stock has a market capitalization of $776.91, a PE ratio of 14.59 and a beta of 2.42. American Railcar Industries, Inc. has a fifty-two week low of $34.29 and a fifty-two week 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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.11). The firm had revenue of $120.75 million for the quarter, compared to analyst estimates 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 was down 16.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.94 earnings per share. analysts anticipate that American Railcar Industries, Inc. will post 2.07 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 8th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date of this dividend is Thursday, December 7th. American Railcar Industries’s payout ratio is currently 58.39%.

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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.

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

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