First Trust Advisors LP reduced its position in American Railcar Industries, Inc. (NASDAQ:ARII) by 35.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 124,087 shares of the transportation company’s stock after selling 68,978 shares during the period. First Trust Advisors LP owned approximately 0.65% of American Railcar Industries worth $4,753,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in ARII. Vanguard Group Inc. raised its position in American Railcar Industries by 2.2% in the first quarter. Vanguard Group Inc. now owns 1,097,456 shares of the transportation company’s stock worth $45,106,000 after buying an additional 23,340 shares during the period. LSV Asset Management raised its position in American Railcar Industries by 1.6% in the first quarter. LSV Asset Management now owns 457,719 shares of the transportation company’s stock worth $18,812,000 after buying an additional 7,300 shares during the period. Royce & Associates LP raised its position in American Railcar Industries by 24.0% in the first quarter. Royce & Associates LP now owns 226,112 shares of the transportation company’s stock worth $9,293,000 after buying an additional 43,812 shares during the period. Bank of New York Mellon Corp raised its position in American Railcar Industries by 7.3% in the first quarter. Bank of New York Mellon Corp now owns 191,087 shares of the transportation company’s stock worth $7,854,000 after buying an additional 13,005 shares during the period. Finally, Morgan Stanley raised its position in American Railcar Industries by 0.4% in the first quarter. Morgan Stanley now owns 114,391 shares of the transportation company’s stock worth $4,702,000 after buying an additional 505 shares during the period. 93.88% of the stock is owned by hedge funds and other institutional investors.

American Railcar Industries, Inc. (NASDAQ:ARII) opened at 36.32 on Friday. The company has a market capitalization of $693.09 million, a price-to-earnings ratio of 13.55 and a beta of 2.34. American Railcar Industries, Inc. has a 52 week low of $34.29 and a 52 week high of $51.10. The company’s 50-day moving average price is $36.33 and its 200-day moving average price is $38.79.

American Railcar Industries (NASDAQ:ARII) last posted its quarterly earnings data on Tuesday, August 1st. The transportation company reported $0.62 earnings per share (EPS) 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 company had revenue of $109 million for the quarter, compared to analysts’ expectations of $113.62 million. During the same period in the previous year, the firm posted $1.02 EPS. American Railcar Industries’s revenue was down 27.6% compared to the same quarter last year. Equities analysts forecast that American Railcar Industries, Inc. will post $2.22 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 8th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 4.41%. The ex-dividend date is Thursday, September 7th. American Railcar Industries’s payout ratio is 59.70%.

ILLEGAL ACTIVITY NOTICE: “American Railcar Industries, Inc. (ARII) Stake Lowered by First Trust Advisors LP” was first posted by Watch List News and is the sole property of of Watch List News. If you are accessing this report on another website, it was stolen and reposted in violation of US & international copyright laws. The legal version of this report can be viewed at https://www.watchlistnews.com/american-railcar-industries-inc-arii-stake-lowered-by-first-trust-advisors-lp/1537344.html.

A number of equities analysts have recently weighed in on ARII shares. Zacks Investment Research lowered American Railcar Industries from a “buy” rating to a “strong sell” rating in a research note on Monday, August 7th. BidaskClub lowered American Railcar Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, August 15th. ValuEngine raised American Railcar Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, May 16th. Cowen and Company reaffirmed a “buy” rating and issued a $45.00 price objective on shares of American Railcar Industries in a research note on Thursday, August 10th. Finally, Buckingham Research started coverage on American Railcar Industries in a research note on Wednesday, June 21st. They issued a “neutral” rating and a $38.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $38.33.

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.

Institutional Ownership by Quarter for American Railcar Industries (NASDAQ:ARII)

Receive News & Ratings for American Railcar Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Railcar Industries Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.