American Railcar Industries (ARII) Upgraded to Hold at BidaskClub

American Railcar Industries (NASDAQ:ARII) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a report released on Saturday.

ARII has been the topic of several other research reports. Zacks Investment Research raised shares of American Railcar Industries from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Friday, February 9th. Cowen reaffirmed a “buy” rating and issued a $44.00 target price on shares of American Railcar Industries in a report on Tuesday, May 1st. Stifel Nicolaus set a $40.00 target price on shares of American Railcar Industries and gave the company a “hold” rating in a report on Monday, February 26th. Finally, Buckingham Research lifted their target price on shares of American Railcar Industries from $41.00 to $42.00 and gave the company a “neutral” rating in a report on Wednesday, May 2nd. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $42.00.

NASDAQ ARII opened at $41.03 on Friday. The company has a current ratio of 3.11, a quick ratio of 2.20 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $783.02 million, a price-to-earnings ratio of 22.42 and a beta of 2.05. American Railcar Industries has a one year low of $34.29 and a one year high of $42.52.

American Railcar Industries (NASDAQ:ARII) last posted its quarterly earnings data on Tuesday, May 1st. The transportation company reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.08. The company had revenue of $116.24 million for the quarter, compared to analyst estimates of $119.43 million. American Railcar Industries had a net margin of 30.23% and a return on equity of 6.25%. American Railcar Industries’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.55 earnings per share. equities analysts anticipate that American Railcar Industries will post 2.58 earnings per share for the current year.

Several large investors have recently modified their holdings of ARII. Schwab Charles Investment Management Inc. boosted its holdings in shares of American Railcar Industries by 4.6% in the third quarter. Schwab Charles Investment Management Inc. now owns 31,918 shares of the transportation company’s stock valued at $1,233,000 after acquiring an additional 1,411 shares in the last quarter. Unison Advisors LLC purchased a new stake in shares of American Railcar Industries in the fourth quarter valued at about $261,000. North Point Portfolio Managers Corp OH purchased a new stake in shares of American Railcar Industries in the fourth quarter valued at about $204,000. Gamco Investors INC. ET AL purchased a new stake in shares of American Railcar Industries in the fourth quarter valued at about $208,000. Finally, California Public Employees Retirement System boosted its holdings in shares of American Railcar Industries by 5.5% in the fourth quarter. California Public Employees Retirement System now owns 78,319 shares of the transportation company’s stock valued at $3,261,000 after acquiring an additional 4,076 shares in the last quarter. 95.60% of the stock is currently owned by institutional investors and hedge funds.

About American Railcar Industries

American Railcar Industries, Inc, together with its subsidiaries, designs and manufactures hopper and tank railcars in North America. It operates through three segments: Manufacturing, Railcar Leasing, and Railcar Services. The Manufacturing segment manufactures hopper railcars for shipping various dry bulk products, such as plastic pellets, as well as high-density products, including cement and sand; pressure tank railcars for transporting products comprising chlorine, anhydrous ammonia, liquid propane, and butane; and other types of railcars.

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