American Railcar Industries, Inc. (ARII) Upgraded to Hold at BidaskClub

Paterniano Del Favero
Agosto 13, 2017

American Railcar Industries's dividend payout ratio is 59.70%. (NASDAQ:ARII) from a sell rating to a hold rating in a report released on Wednesday morning. Buckingham Research initiated coverage on shares of American Railcar Industries in a research report on Wednesday, June 21st. The average twelve-month price objective among brokers that have issued ratings on the stock in the past year is $38.33.

Dimensional Fund Advisors Lp reports that it lowered its ownership in American Railcar Industries, In by 5,586 shares in its quarterly SEC filing. Finally, Stifel Nicolaus set a $32.00 price target on shares of American Railcar Industries and gave the company a "hold" rating in a research report on Wednesday, August 2nd. (NASDAQ:ARII) was upgraded by equities research analysts at BidaskClub from a "sell" rating to a "hold" rating in a research note issued on Wednesday. American Railcar Industries presently has an average rating of "Hold" and an average price target of $38.33.

Shares of American Railcar Industries (ARII) traded up 5.19% during midday trading on Friday, hitting $36.50. 32,173 shares of the company were exchanged.

American Railcar Industries, Inc. has a 52 week low of $34.30 and a 52 week high of $51.10.

It is trading at $36.15 slightly below the 50 day moving average of $36.93 and well below the 200 day moving average of $39.94. The firm has a market capitalization of $689.85 million, a P/E ratio of 13.48 and a beta of 2.32.

American Railcar Industries (NASDAQ:ARII) last posted its quarterly earnings results on Tuesday, August 1st. The transportation company reported $0.62 earnings per share for the quarter, hitting analysts' consensus estimates of $0.62. The company had revenue of $109 million during the quarter, compared to analysts' expectations of $113.62 million. American Railcar Industries had a net margin of 9.59% and a return on equity of 11.40%. The firm's quarterly revenue was down 27.6% compared to the same quarter a year ago. During the same quarter a year ago, the firm posted $1.02 EPS. On average, equities analysts forecast that American Railcar Industries will post $2.22 earnings per share for the current fiscal year.

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The company also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 8th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.43%. American Railcar Industries, Inc. Norges Bank bought a new position in shares of American Railcar Industries during the fourth quarter valued at $8,963,000. Raymond James Financial Services Advisors Inc. boosted its position in American Railcar Industries by 11.4% in the first quarter. Northern Trust Corp increased its position in American Railcar Industries by 82.8% in the second quarter. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company's stock. Royce & Associates LP raised its position in American Railcar Industries by 24.0% in the first quarter. State Street Corp now owns 182,501 shares of the transportation company's stock valued at $8,267,000 after buying an additional 3,728 shares during the last quarter.

American International Group Inc cut its investment by shedding 269 shares a decrease of 5.6% as of 06/30/2017. The firm owned 1,097,456 shares of the transportation company's stock after buying an additional 23,340 shares during the period.

Hedge funds have recently made changes to their positions in the stock.

The Company designs and manufactures railcars and a range of components for the North American railcar and industrial markets. American Railcar Industries earned a news impact score of 0.50 on Accern's scale. It operates through three segments: manufacturing, railcar leasing and railcar services.

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