BidaskClub cut shares of American Railcar Industries, Inc. (NASDAQ:ARII) from a hold rating to a sell rating in a report released on Tuesday morning.

A number of other brokerages have also recently commented on ARII. ValuEngine raised American Railcar Industries from a hold rating to a buy rating in a research report on Tuesday, May 16th. Buckingham Research started coverage on American Railcar Industries in a research report on Wednesday, June 21st. They set a neutral rating and a $38.00 price target on the stock. Two analysts have rated the stock with a sell rating, two have issued 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 $41.50.

American Railcar Industries (ARII) traded down 0.73% on Tuesday, reaching $36.60. The company’s stock had a trading volume of 73,854 shares. American Railcar Industries has a 12 month low of $34.50 and a 12 month high of $51.10. The firm has a 50 day moving average of $36.97 and a 200 day moving average of $40.54. The firm has a market cap of $698.44 million, a price-to-earnings ratio of 11.68 and a beta of 2.34.

American Railcar Industries (NASDAQ:ARII) last issued its quarterly earnings results on Tuesday, May 2nd. The transportation company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by $0.17. American Railcar Industries had a net margin of 10.46% and a return on equity of 12.91%. The firm had revenue of $114.68 million for the quarter, compared to analysts’ expectations of $100.50 million. Analysts anticipate that American Railcar Industries will post $2.38 earnings per share for the current year.

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The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 29th. Investors of record on Friday, June 16th were paid a dividend of $0.40 per share. The ex-dividend date was Wednesday, June 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.37%. American Railcar Industries’s payout ratio is 51.12%.

Several hedge funds have recently added to or reduced their stakes in ARII. State Street Corp raised its stake in American Railcar Industries by 2.1% in the fourth quarter. State Street Corp now owns 182,501 shares of the transportation company’s stock worth $8,267,000 after buying an additional 3,728 shares during the last quarter. AQR Capital Management LLC raised its stake in American Railcar Industries by 0.7% in the fourth quarter. AQR Capital Management LLC now owns 19,462 shares of the transportation company’s stock worth $881,000 after buying an additional 133 shares during the last quarter. Norges Bank bought a new stake in American Railcar Industries during the fourth quarter worth about $8,963,000. Teachers Advisors LLC raised its stake in American Railcar Industries by 27.7% in the fourth quarter. Teachers Advisors LLC now owns 15,913 shares of the transportation company’s stock worth $721,000 after buying an additional 3,449 shares during the last quarter. Finally, Highbridge Capital Management LLC bought a new stake in American Railcar Industries during the fourth quarter worth about $220,000. Institutional investors own 95.04% of the company’s stock.

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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