American Railcar Industries, Inc. (NASDAQ:ARII) Issues Earnings Results

ILLEGAL ACTIVITY NOTICE: "American Railcar Industries, Inc". (NASDAQ:ARII) from a sell rating to a hold rating in a report released on Wednesday morning.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Buckingham Research initiated coverage on shares of 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.

Dimensional Fund Advisors Lp says it sold 5,586 shares in the previous quarter decreasing its holdings in American Railcar Industries, In by 0.4%. BidaskClub downgraded shares of American Railcar Industries from a "hold" rating to a "sell" rating in a research report on Tuesday, July 25th. Stifel Nicolaus set a $32.00 target price on shares of American Railcar Industries and gave the stock a "hold" rating in a research report on Wednesday. (NASDAQ:ARII) was upgraded by research analysts at ValuEngine from a "hold" rating to a "buy" rating in a report issued on Monday, July 24th. The correct version of this news story can be viewed at https://www.chaffeybreeze.com/2017/08/12/american-railcar-industries-inc-nasdaqarii-receives-average-rating-of-hold-from-analysts-updated-updated-updated.html.

Shares of American Railcar Industries (NASDAQ ARII) traded down 0.55% on Thursday, reaching $36.15. 49,376 shares of the company's stock traded hands. The 50 day moving average went down by -2.12% and the 200 day average moved down $-3.79. The firm has a market capitalization of $696.53 million, a PE ratio of 13.61 and a beta of 2.32. The transportation company reported $0.62 earnings per share (EPS) for the quarter, meeting the Zacks' consensus estimate of $0.62. The business had revenue of $109 million for the quarter, compared to analyst estimates of $113.62 million. American Railcar Industries had a net margin of 9.59% and a return on equity of 11.40%. American Railcar Industries's quarterly revenue was down 27.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.02 earnings per share. Equities analysts forecast that American Railcar Industries will post $2.22 EPS for the current fiscal year. Vanguard Group Inc.'s holdings in American Railcar Industries were worth $45,106,000 at the end of the most recent quarter. "(ARII) Upgraded by BidaskClub to Hold" was posted by Transcript Daily and is owned by of Transcript Daily. If you are accessing this report on another website, it was illegally stolen and reposted in violation of United States & global copyright and trademark laws.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 8th will be issued a dividend of $0.40 per share. The ex-dividend date is Thursday, September 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.43%. American Railcar Industries's payout ratio is 59.70%. AQR Capital Management LLC raised its stake in American Railcar Industries by 0.7% in the fourth quarter. LSV Asset Management raised its position in shares of American Railcar Industries by 1.6% in the first quarter. State Street Corp increased its position in shares of American Railcar Industries by 2.1% in the fourth quarter. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company's stock. Finally, Alpha Windward LLC purchased a new position in American Railcar Industries during the first quarter worth about $422,000. Schwab Charles Investment Management Inc. now owns 30,507 shares of the transportation company's stock worth $1,169,000 after buying an additional 152 shares during the last quarter.

As of the end of the quarter American International Group Inc had disposed of a total of 269 shares trimming its stake by 5.6%. Raymond James Financial Services Advisors Inc. now owns 5,180 shares of the transportation company's stock valued at $213,000 after buying an additional 529 shares in the last quarter. Institutional investors own 95.03% of the company's stock.

American Railcar Industries, Inc is a designer and manufacturer of hopper and tank railcars.

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