American Railcar Industries Inc. (NASDAQ:ARII)’s share price fell 2.7% during mid-day trading on Monday . The stock traded as low as $38.55 and last traded at $38.90, with a volume of 70,492 shares. The stock had previously closed at $39.99.

A number of brokerages have recently weighed in on ARII. Zacks Investment Research lowered shares of American Railcar Industries from a “hold” rating to a “sell” rating in a report on Tuesday, August 2nd. Cowen and Company boosted 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 report on Tuesday, August 2nd. Finally, Standpoint Research reissued a “buy” rating on shares of American Railcar Industries in a report on Wednesday, July 27th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. American Railcar Industries presently has a consensus rating of “Hold” and a consensus target price of $41.67.

The stock’s 50-day moving average price is $41.21 and its 200-day moving average price is $40.66. The firm has a market capitalization of $755.79 million, a P/E ratio of 7.20 and a beta of 2.58.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 23rd. Stockholders of record on Friday, September 9th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, September 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.11%. American Railcar Industries’s payout ratio is 29.74%.

Large investors have recently made changes to their positions in the stock. Smithfield Trust Co. raised its stake in shares of American Railcar Industries by 4.4% in the second quarter. Smithfield Trust Co. now owns 2,610 shares of the company’s stock worth $103,000 after buying an additional 110 shares during the last quarter. BlackRock Inc. raised its stake in shares of American Railcar Industries by 401.2% in the second quarter. BlackRock Inc. now owns 2,852 shares of the company’s stock worth $112,000 after buying an additional 2,283 shares during the last quarter. Rational Advisors LLC purchased a new stake in shares of American Railcar Industries during the second quarter worth $122,000. BlackRock Group LTD raised its stake in shares of American Railcar Industries by 83.4% in the first quarter. BlackRock Group LTD now owns 3,135 shares of the company’s stock worth $128,000 after buying an additional 1,426 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of American Railcar Industries by 17.6% in the second quarter. Victory Capital Management Inc. now owns 5,425 shares of the company’s stock worth $214,000 after buying an additional 811 shares during the last quarter. Institutional investors and hedge funds own 92.01% of the company’s stock.

American Railcar Industries Company Profile

American Railcar Industries, Inc is a designer and manufacturer of hopper and tank railcars. The Company designs, manufactures and sells railcars and a range of components for the North American railcar and industrial markets. The Company operates through three segments: manufacturing, railcar leasing and railcar services.

5 Day Chart for NASDAQ:ARII

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