Brandywine Global Investment Management LLC cut its stake in American Railcar Industries, Inc. (NASDAQ:ARII) by 2.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,554 shares of the transportation company’s stock after selling 939 shares during the period. Brandywine Global Investment Management LLC owned about 0.18% of American Railcar Industries worth $1,286,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. D.A. Davidson & CO. purchased a new position in American Railcar Industries in the second quarter valued at $174,000. American International Group Inc. boosted its holdings in American Railcar Industries by 7.0% in the first 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 period. Raymond James Financial Services Advisors Inc. boosted its holdings in American Railcar Industries by 11.4% in the first 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 period. HighTower Advisors LLC purchased a new position in American Railcar Industries in the first quarter valued at $243,000. Finally, Highbridge Capital Management LLC boosted its holdings in American Railcar Industries by 40.2% in the first quarter. Highbridge Capital Management LLC now owns 6,828 shares of the transportation company’s stock valued at $281,000 after purchasing an additional 1,957 shares during the period. Hedge funds and other institutional investors own 93.85% of the company’s stock.

Shares of American Railcar Industries, Inc. (ARII) opened at 39.29 on Tuesday. American Railcar Industries, Inc. has a one year low of $34.30 and a one year high of $51.10. The firm’s 50-day moving average price is $36.81 and its 200-day moving average price is $37.76. The stock has a market capitalization of $749.77 million, a P/E ratio of 14.65 and a beta of 2.37.

American Railcar Industries (NASDAQ:ARII) last posted its quarterly earnings data on Tuesday, August 1st. The transportation company reported $0.62 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.62. The company had revenue of $109.00 million during the quarter, compared to analysts’ expectations of $113.62 million. American Railcar Industries had a net margin of 9.59% and a return on equity of 11.40%. The firm’s revenue for the quarter was down 27.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.02 EPS. Equities research analysts anticipate that American Railcar Industries, Inc. will post $2.22 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Shareholders of record on Friday, September 8th were given a $0.40 dividend. The ex-dividend date was Thursday, September 7th. This represents a $1.60 dividend on an annualized basis and a yield of 4.07%. American Railcar Industries’s payout ratio is currently 59.70%.

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A number of research analysts recently issued reports on the company. Cowen and Company reiterated a “buy” rating and issued a $45.00 target price on shares of American Railcar Industries in a report on Thursday, August 10th. BidaskClub upgraded American Railcar Industries from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. ValuEngine upgraded American Railcar Industries from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Stifel Nicolaus set a $32.00 target price on American Railcar Industries and gave the company a “hold” rating in a report on Wednesday, August 2nd. Finally, Zacks Investment Research lowered American Railcar Industries from a “buy” rating to a “strong sell” rating in a report on Monday, August 7th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $38.33.

American Railcar Industries 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.

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

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