Seaport Global Securities assumed coverage on shares of American Railcar Industries (NASDAQ:ARII) in a research note issued to investors on Thursday, MarketBeat reports. The firm issued a neutral rating on the transportation company’s stock.
A number of other analysts also recently issued reports on ARII. ValuEngine raised American Railcar Industries from a hold rating to a buy rating in a report on Tuesday, September 12th. Zacks Investment Research raised American Railcar Industries from a strong sell rating to a hold rating in a report on Tuesday, October 17th. Cowen reaffirmed a buy rating and set a $44.00 price target on shares of American Railcar Industries in a report on Wednesday, November 1st. Buckingham Research lifted their price target on American Railcar Industries from $38.00 to $39.00 and gave the stock a neutral rating in a report on Wednesday, November 1st. Finally, Stifel Nicolaus lifted their price target on American Railcar Industries from $32.00 to $35.00 and gave the stock a hold rating in a report on Tuesday, November 7th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has an average rating of Hold and an average price target of $39.33.
American Railcar Industries (NASDAQ ARII) traded down $0.40 during trading hours on Thursday, reaching $40.51. The company had a trading volume of 48,800 shares, compared to its average volume of 61,500. The stock has a market capitalization of $774.42, a price-to-earnings ratio of 14.73 and a beta of 2.42. American Railcar Industries has a 52-week low of $34.29 and a 52-week high of $49.33. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.13 and a current ratio of 3.06.
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 the Zacks’ consensus estimate of $0.57 by ($0.11). The company had revenue of $120.75 million during the quarter, compared to analysts’ expectations of $123.63 million. American Railcar Industries had a net margin of 10.28% and a return on equity of 9.66%. The company’s revenue for the quarter was down 16.7% on a year-over-year basis. During the same quarter last year, the business posted $0.94 earnings per share. equities analysts anticipate that American Railcar Industries will post 2.08 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 22nd. Shareholders of record on Friday, December 8th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date was Thursday, December 7th. American Railcar Industries’s dividend payout ratio (DPR) is 58.18%.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Northern Trust Corp lifted its holdings in shares of American Railcar Industries by 82.8% in the 2nd quarter. Northern Trust Corp now owns 290,305 shares of the transportation company’s stock valued at $11,119,000 after purchasing an additional 131,503 shares during the last quarter. Kennedy Capital Management Inc. purchased a new stake in shares of American Railcar Industries in the 2nd quarter valued at about $3,064,000. Shell Asset Management Co. purchased a new stake in shares of American Railcar Industries in the 3rd quarter valued at about $2,793,000. OxFORD Asset Management LLP purchased a new stake in shares of American Railcar Industries in the 2nd quarter valued at about $895,000. Finally, Intrinsic Edge Capital Management LLC purchased a new stake in shares of American Railcar Industries in the 2nd quarter valued at about $766,000. 94.78% of the stock is owned by institutional investors.
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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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