Today, American Railcar Industries Inc. (NASDAQ:ARII) Given Average Rating of “Hold” by Brokerages

Today, American Railcar Industries Inc. (NASDAQ:ARII) Given Average Rating of “Hold” by Brokerages

Shares of American Railcar Industries Inc. (NASDAQ:ARII) have received a consensus rating of “Hold” from the six ratings firms that are covering the firm. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $40.50.

A number of research analysts recently weighed in on ARII shares. Zacks Investment Research downgraded shares of American Railcar Industries from a “hold” rating to a “sell” rating in a research report on Wednesday, July 27th. Standpoint Research restated a “buy” rating on shares of American Railcar Industries in a research report on Wednesday, July 27th. Finally, Cowen and Company increased 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 research report on Tuesday, August 2nd.

American Railcar Industries (NASDAQ:ARII) traded up 0.10% on Thursday, hitting $41.23. 25,866 shares of the stock were exchanged. The firm has a market cap of $799.82 million, a P/E ratio of 7.62 and a beta of 2.61. American Railcar Industries has a 12 month low of $36.18 and a 12 month high of $57.93. The company has a 50-day moving average of $40.60 and a 200 day moving average of $40.55.

American Railcar Industries (NASDAQ:ARII) last issued its earnings results on Thursday, July 28th. The company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.03. The firm had revenue of $150.50 million for the quarter, compared to the consensus estimate of $147.37 million. American Railcar Industries had a net margin of 14.23% and a return on equity of 20.23%. The business’s revenue was down 21.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.54 earnings per share. Equities research analysts expect that American Railcar Industries will post $4.15 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 23rd. Stockholders of record on Friday, September 9th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.88%. The ex-dividend date was Wednesday, September 7th. American Railcar Industries’s dividend payout ratio is presently 29.74%.

Several hedge funds and other institutional investors have recently modified their holdings of ARII. Vanguard Group Inc. boosted its position in shares of American Railcar Industries by 14.9% in the second quarter. Vanguard Group Inc. now owns 1,006,945 shares of the company’s stock valued at $39,744,000 after buying an additional 130,485 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of American Railcar Industries by 60.4% in the first quarter. JPMorgan Chase & Co. now owns 173,077 shares of the company’s stock valued at $7,049,000 after buying an additional 65,189 shares in the last quarter. Fiera Capital Corp acquired a new position in shares of American Railcar Industries during the second quarter valued at $2,273,000. First Trust Advisors LP boosted 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 valued at $2,434,000 after buying an additional 42,273 shares in the last quarter. Finally, UBS Group AG boosted its position in shares of American Railcar Industries by 52.7% in the first quarter. UBS Group AG now owns 60,674 shares of the company’s stock valued at $2,471,000 after buying an additional 20,943 shares in the last quarter. Institutional investors and hedge funds own 92.01% of the company’s stock.

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