American Railcar Industries, Inc. (ARII) Lifted to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of American Railcar Industries, Inc. (NASDAQ:ARII) from a strong sell rating to a hold rating in a report released on Tuesday, October 17th.

According to Zacks, “American Railcar Industries, Inc. is a leading North American manufacturer of covered hopper and tank railcars. ARI also repairs and refurbishes railcars, provides fleet management services and designs and manufactures railcar and industrial components used in the production of its railcars as well as railcars and non-railcar industrial products produced by others. “

A number of other equities research analysts have also weighed in on ARII. Buckingham Research started coverage on American Railcar Industries in a research note on Wednesday, June 21st. They set a neutral rating and a $38.00 price objective for the company. ValuEngine upgraded American Railcar Industries from a hold rating to a buy rating in a research note on Monday, July 24th. BidaskClub lowered American Railcar Industries from a hold rating to a sell rating in a research note on Tuesday, July 25th. Stifel Nicolaus set a $32.00 price objective on American Railcar Industries and gave the company a hold rating in a research note on Wednesday, August 2nd. Finally, Cowen and Company reaffirmed a buy rating and set a $45.00 target price on shares of American Railcar Industries in a report on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $38.33.

Shares of American Railcar Industries (NASDAQ:ARII) traded up $0.19 during midday trading on Tuesday, reaching $40.03. The company’s stock had a trading volume of 38,155 shares, compared to its average volume of 83,451. American Railcar Industries has a 12-month low of $34.29 and a 12-month high of $51.10. The company has a current ratio of 3.06, a quick ratio of 2.13 and a debt-to-equity ratio of 0.94. The firm has a market cap of $760.30, a price-to-earnings ratio of 14.28 and a beta of 2.43.

American Railcar Industries (NASDAQ:ARII) last issued its quarterly earnings data on Tuesday, October 31st. The transportation company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.11). American Railcar Industries had a net margin of 10.28% and a return on equity of 9.66%. The business had revenue of $120.75 million for the quarter, compared to analyst estimates of $123.63 million. During the same quarter last year, the business earned $0.94 EPS. American Railcar Industries’s revenue for the quarter was down 16.7% compared to the same quarter last year. equities analysts anticipate that American Railcar Industries will post 2.2 EPS for the current year.

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The company also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 8th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date is Thursday, December 7th. American Railcar Industries’s dividend payout ratio is presently 58.39%.

A number of large investors have recently added to or reduced their stakes in the business. Sunbelt Securities Inc. bought a new position in American Railcar Industries during the 3rd quarter worth approximately $339,000. AMG National Trust Bank bought a new position in American Railcar Industries during the 3rd quarter worth approximately $752,000. Victory Capital Management Inc. lifted its holdings in American Railcar Industries by 27.9% during the 3rd quarter. Victory Capital Management Inc. now owns 16,611 shares of the transportation company’s stock worth $641,000 after buying an additional 3,624 shares during the last quarter. Nationwide Fund Advisors lifted its holdings in American Railcar Industries by 31.2% during the 3rd quarter. Nationwide Fund Advisors now owns 10,173 shares of the transportation company’s stock worth $393,000 after buying an additional 2,418 shares during the last quarter. Finally, Shell Asset Management Co. bought a new position in American Railcar Industries during the 3rd quarter worth approximately $2,793,000. 94.03% of the stock is currently owned by institutional investors.

About American Railcar Industries

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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