Shares of American Railcar Industries, Inc. (NASDAQ:ARII) have received an average recommendation of “Hold” from the eight research firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $38.33.

Several research analysts recently weighed in on the company. ValuEngine upgraded American Railcar Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, September 12th. BidaskClub downgraded American Railcar Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, August 15th. Cowen and Company restated a “buy” rating and set a $45.00 target price on shares of American Railcar Industries in a research note on Thursday, August 10th. Zacks Investment Research downgraded American Railcar Industries from a “buy” rating to a “strong sell” rating in a research note on Monday, August 7th. Finally, Stifel Nicolaus set a $32.00 target price on American Railcar Industries and gave the stock a “hold” rating in a research note on Wednesday, August 2nd.

Institutional investors have recently bought and sold shares of the business. D.A. Davidson & CO. purchased a new stake in American Railcar Industries during the 2nd quarter valued at about $174,000. American International Group Inc. grew its stake in American Railcar Industries by 7.0% during the 1st quarter. American International Group Inc. now owns 4,772 shares of the transportation company’s stock valued at $196,000 after purchasing an additional 314 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in American Railcar Industries by 11.4% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 5,180 shares of the transportation company’s stock valued at $213,000 after purchasing an additional 529 shares during the last quarter. HighTower Advisors LLC purchased a new stake in American Railcar Industries during the 1st quarter valued at about $243,000. Finally, The Manufacturers Life Insurance Company grew its stake in American Railcar Industries by 0.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,679 shares of the transportation company’s stock valued at $256,000 after purchasing an additional 22 shares during the last quarter. Institutional investors and hedge funds own 93.85% of the company’s stock.

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American Railcar Industries (NASDAQ ARII) opened at 38.60 on Friday. The company has a market capitalization of $736.60 million, a P/E ratio of 14.40 and a beta of 2.34. The stock’s 50 day moving average price is $35.94 and its 200-day moving average price is $37.92. American Railcar Industries has a one year low of $34.30 and a one year high of $51.10.

American Railcar Industries (NASDAQ:ARII) last announced its earnings results on Tuesday, August 1st. The transportation company reported $0.62 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.62. American Railcar Industries had a return on equity of 11.40% and a net margin of 9.59%. The firm had revenue of $109.00 million for the quarter, compared to the consensus estimate of $113.62 million. During the same period in the previous year, the business earned $1.02 EPS. The firm’s revenue for the quarter was down 27.6% on a year-over-year basis. Equities analysts forecast that American Railcar Industries will post $2.22 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Shareholders of record on Friday, September 8th were paid a dividend of $0.40 per share. The ex-dividend date was Thursday, September 7th. This represents a $1.60 annualized dividend and a yield of 4.15%. American Railcar Industries’s payout ratio is presently 59.70%.

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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