Trading Report: Today, American Railcar Industries Inc. (ARII) gets Hold status at TheStreet

Today, American Railcar Industries Inc. (ARII) gets Hold status at TheStreet

American Railcar Industries Inc. (NASDAQ:ARII) was downgraded by research analysts at TheStreet from a “buy” rating to a “hold” rating in a research note issued to investors on Monday.

A number of other analysts also recently issued reports on ARII. Zacks Investment Research downgraded shares of American Railcar Industries from a “hold” rating to a “sell” rating in a report on Tuesday, August 2nd. Standpoint Research reiterated a “buy” rating on shares of American Railcar Industries in a report on Wednesday, July 27th. Finally, Cowen and Company lifted their price objective on shares of American Railcar Industries from $40.00 to $43.00 and gave the company a “market perform” rating in a report on Tuesday, August 2nd. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. American Railcar Industries presently has a consensus rating of “Hold” and an average price target of $43.50.

American Railcar Industries (NASDAQ:ARII) traded down 0.18% during mid-day trading on Monday, hitting $44.78. 24,803 shares of the company traded hands. American Railcar Industries has a one year low of $35.43 and a one year high of $57.57. The stock has a market capitalization of $866.99 million, a price-to-earnings ratio of 10.14 and a beta of 2.36. The company’s 50-day moving average is $39.76 and its 200-day moving average is $40.08.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 22nd. Stockholders of record on Friday, December 9th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, December 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.57%. American Railcar Industries’s dividend payout ratio (DPR) is presently 36.36%.

Institutional investors have recently modified their holdings of the company. First Trust Advisors LP increased its position in shares of American Railcar Industries by 218.1% in the second quarter. First Trust Advisors LP now owns 61,655 shares of the company’s stock worth $2,434,000 after buying an additional 42,273 shares during the last quarter. Commonwealth Equity Services Inc increased its position in shares of American Railcar Industries by 1.7% in the second quarter. Commonwealth Equity Services Inc now owns 18,271 shares of the company’s stock worth $721,000 after buying an additional 307 shares during the last quarter. KBC Group NV increased its position in shares of American Railcar Industries by 52.0% in the second quarter. KBC Group NV now owns 53,028 shares of the company’s stock worth $2,093,000 after buying an additional 18,149 shares during the last quarter. Vicus Capital purchased a new position in shares of American Railcar Industries during the second quarter worth $355,000. Finally, Bank of New York Mellon Corp increased its position in shares of American Railcar Industries by 2.2% in the second quarter. Bank of New York Mellon Corp now owns 124,674 shares of the company’s stock worth $4,920,000 after buying an additional 2,742 shares during the last quarter. Institutional investors and hedge funds own 93.39% of the company’s stock.

American Railcar Industries Company Profile

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