American Railcar Industries (ARII) Downgraded to Hold at BidaskClub

BidaskClub cut shares of American Railcar Industries (NASDAQ:ARII) from a buy rating to a hold rating in a research report released on Thursday morning.

A number of other research firms also recently commented on ARII. Seaport Global Securities assumed coverage on shares of American Railcar Industries in a research report on Thursday, January 4th. They issued a neutral rating on the stock. ValuEngine raised shares of American Railcar Industries from a hold rating to a buy rating in a research report on Sunday, December 31st. Zacks Investment Research raised shares of American Railcar Industries from a sell rating to a hold rating in a research report on Thursday, December 28th. Stifel Nicolaus increased their target price on shares of American Railcar Industries from $32.00 to $35.00 and gave the company a hold rating in a research report on Tuesday, November 7th. Finally, Buckingham Research increased their target price on shares of American Railcar Industries from $38.00 to $39.00 and gave the company a neutral rating in a research report on Wednesday, November 1st. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $39.33.

Shares of American Railcar Industries (NASDAQ ARII) traded up $0.65 during trading hours on Thursday, hitting $40.84. 42,848 shares of the company’s stock were exchanged, compared to its average volume of 68,605. 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. The stock has a market cap of $779.39, a P/E ratio of 14.85 and a beta of 2.42.

American Railcar Industries (NASDAQ:ARII) last posted its earnings results on Tuesday, October 31st. The transportation company reported $0.46 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 quarterly revenue was down 16.7% on a year-over-year basis. During the same period last year, the business earned $0.94 earnings per share. research analysts expect that American Railcar Industries will post 2.08 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 22nd. Investors of record on Friday, December 8th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.92%. The ex-dividend date of this dividend was Thursday, December 7th. American Railcar Industries’s dividend payout ratio (DPR) is 58.18%.

Several hedge funds and other institutional investors have recently bought and sold shares of ARII. Russell Investments Group Ltd. purchased a new position in American Railcar Industries during the 3rd quarter worth $173,000. D.A. Davidson & CO. purchased a new position in American Railcar Industries during the 2nd quarter worth $174,000. The Manufacturers Life Insurance Company grew its position in American Railcar Industries by 0.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,679 shares of the transportation company’s stock worth $256,000 after purchasing an additional 22 shares during the last quarter. Alliancebernstein L.P. grew its position in American Railcar Industries by 41.0% during the 2nd quarter. Alliancebernstein L.P. now owns 8,260 shares of the transportation company’s stock worth $316,000 after purchasing an additional 2,400 shares during the last quarter. Finally, Sunbelt Securities Inc. purchased a new position in American Railcar Industries during the 3rd quarter worth $339,000. 94.78% of the stock is currently owned by hedge funds and other institutional investors.

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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.

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