Royce & Associates LP Reduces Stake in American Railcar Industries, Inc. (ARII)
Royce & Associates LP lowered its stake in shares of American Railcar Industries, Inc. (NASDAQ:ARII) by 4.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 216,953 shares of the transportation company’s stock after selling 9,159 shares during the period. Royce & Associates LP owned approximately 1.14% of American Railcar Industries worth $8,374,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also bought and sold shares of the company. Schwab Charles Investment Management Inc. grew its holdings in shares of American Railcar Industries by 4.6% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 31,918 shares of the transportation company’s stock valued at $1,233,000 after purchasing an additional 1,411 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of American Railcar Industries by 1,138.7% in the third quarter. JPMorgan Chase & Co. now owns 10,851 shares of the transportation company’s stock worth $426,000 after buying an additional 9,975 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in American Railcar Industries during the third quarter valued at $173,000. Sunbelt Securities Inc. purchased a new stake in American Railcar Industries during the third quarter valued at $339,000. Finally, AMG National Trust Bank bought a new position in American Railcar Industries during the third quarter valued at $752,000. 94.78% of the stock is owned by institutional investors.
American Railcar Industries, Inc. (ARII) opened at $39.63 on Friday. The firm has a market capitalization of $773.28, a PE ratio of 14.52 and a beta of 2.42. The company has a debt-to-equity ratio of 0.94, a current ratio of 3.06 and a quick ratio of 2.13. American Railcar Industries, Inc. has a 52-week low of $34.29 and a 52-week high of $51.10.
American Railcar Industries (NASDAQ:ARII) last announced its quarterly earnings results on Tuesday, October 31st. The transportation company reported $0.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.11). American Railcar Industries had a net margin of 10.28% and a return on equity of 9.66%. The business had revenue of $120.75 million during the quarter, compared to analyst estimates of $123.63 million. During the same period last year, the company earned $0.94 earnings per share. The business’s revenue for the quarter was down 16.7% compared to the same quarter last year. equities research analysts anticipate that American Railcar Industries, Inc. will post 2.07 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 8th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 4.04%. The ex-dividend date is Thursday, December 7th. American Railcar Industries’s dividend payout ratio (DPR) is presently 58.39%.
Several research analysts have issued reports on ARII shares. ValuEngine upgraded shares of American Railcar Industries from a “hold” rating to a “buy” rating in a report on Tuesday, September 12th. Zacks Investment Research raised shares of American Railcar Industries from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 17th. Cowen reaffirmed a “buy” rating and issued a $44.00 price objective on shares of American Railcar Industries in a research report on Wednesday, November 1st. Buckingham Research raised their price target on shares of American Railcar Industries from $38.00 to $39.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 1st. Finally, Stifel Nicolaus raised their price objective on shares of American Railcar Industries from $32.00 to $35.00 and gave the stock a “hold” rating in a research note on Tuesday, November 7th. Two equities research 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 presently has a consensus rating of “Hold” and an average target price of $39.33.
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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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