Cowen and Company reissued their buy rating on shares of American Railcar Industries, Inc. (NASDAQ:ARII) in a research note released on Wednesday morning. The brokerage currently has a $44.00 target price on the transportation company’s stock.

Several other research analysts have also recently weighed in on the stock. Zacks Investment Research raised shares of American Railcar Industries from a strong sell rating to a hold rating in a report on Tuesday, October 17th. BidaskClub cut shares of American Railcar Industries from a hold rating to a sell rating in a report on Tuesday, July 25th. ValuEngine raised shares of American Railcar Industries from a hold rating to a buy rating in a report on Monday, July 24th. Finally, Stifel Nicolaus set a $32.00 target price on shares of American Railcar Industries and gave the stock a hold rating in a report on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $38.33.

American Railcar Industries (NASDAQ:ARII) opened at $39.84 on Wednesday. The firm has a market cap of $760.31, a PE ratio of 14.28 and a beta of 2.43. The company has a quick ratio of 2.32, a current ratio of 3.06 and a debt-to-equity ratio of 0.94. American Railcar Industries has a fifty-two week low of $34.29 and a fifty-two week high of $51.10.

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

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The firm also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 8th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $1.60 annualized dividend and a dividend yield of 4.02%. American Railcar Industries’s dividend payout ratio is presently 58.39%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of American Railcar Industries by 2.2% during the first quarter. Vanguard Group Inc. now owns 1,097,456 shares of the transportation company’s stock worth $45,106,000 after purchasing an additional 23,340 shares during the period. LSV Asset Management increased its stake in American Railcar Industries by 0.9% in the second quarter. LSV Asset Management now owns 461,619 shares of the transportation company’s stock valued at $17,680,000 after acquiring an additional 3,900 shares during the last quarter. Northern Trust Corp increased its stake in American Railcar Industries by 82.8% in the second quarter. Northern Trust Corp now owns 290,305 shares of the transportation company’s stock valued at $11,119,000 after acquiring an additional 131,503 shares during the last quarter. State Street Corp increased its stake in American Railcar Industries by 5.2% in the second quarter. State Street Corp now owns 198,606 shares of the transportation company’s stock valued at $7,605,000 after acquiring an additional 9,811 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in American Railcar Industries by 1.5% in the second quarter. Bank of New York Mellon Corp now owns 193,962 shares of the transportation company’s stock valued at $7,429,000 after acquiring an additional 2,875 shares during the last quarter. 94.02% of the stock is currently owned by institutional investors.

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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