American Railcar Industries, Inc. (ARII) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP cut its stake in shares of American Railcar Industries, Inc. (NASDAQ:ARII) by 1.0% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,369,085 shares of the transportation company’s stock after selling 13,624 shares during the period. Dimensional Fund Advisors LP owned about 7.18% of American Railcar Industries worth $52,847,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Russell Investments Group Ltd. bought a new stake in American Railcar Industries in the third quarter worth approximately $173,000. D.A. Davidson & CO. bought a new stake in American Railcar Industries in the second quarter worth approximately $174,000. The Manufacturers Life Insurance Company grew its position in American Railcar Industries by 0.3% in the second quarter. The Manufacturers Life Insurance Company now owns 6,679 shares of the transportation company’s stock worth $256,000 after acquiring an additional 22 shares in the last quarter. Alliancebernstein L.P. grew its position in American Railcar Industries by 41.0% in the second quarter. Alliancebernstein L.P. now owns 8,260 shares of the transportation company’s stock worth $316,000 after acquiring an additional 2,400 shares in the last quarter. Finally, Sunbelt Securities Inc. bought a new stake in American Railcar Industries in the third quarter worth approximately $339,000. 94.78% of the stock is currently owned by hedge funds and other institutional investors.

Shares of American Railcar Industries, Inc. (ARII) opened at $40.91 on Friday. 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 one year low of $34.29 and a one year high of $49.33. The firm has a market cap of $802.09, a price-to-earnings ratio of 14.93 and a beta of 2.42.

American Railcar Industries (NASDAQ:ARII) last issued its quarterly earnings data on Tuesday, October 31st. The transportation company reported $0.46 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.11). American Railcar Industries had a return on equity of 9.66% and a net margin of 10.28%. The firm had revenue of $120.75 million during the quarter, compared to analyst estimates of $123.63 million. During the same quarter in the previous year, the firm posted $0.94 earnings per share. American Railcar Industries’s quarterly revenue was down 16.7% compared to the same quarter last year. research analysts anticipate that American Railcar Industries, Inc. will post 2.08 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 22nd. Stockholders of record on Friday, December 8th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date of this dividend was Thursday, December 7th. American Railcar Industries’s payout ratio is 58.39%.

ARII has been the subject of several recent research reports. Zacks Investment Research downgraded shares of American Railcar Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, November 7th. Stifel Nicolaus boosted their target price on shares of American Railcar Industries from $32.00 to $35.00 and gave the stock a “hold” rating in a research report on Tuesday, November 7th. Buckingham Research boosted their target price 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. Seaport Global Securities initiated coverage on shares of American Railcar Industries in a research report on Thursday. They issued a “neutral” rating for the company. Finally, Cowen reissued a “buy” rating and issued a $44.00 target price on shares of American Railcar Industries in a research report on Wednesday, November 1st. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. American Railcar Industries currently has a consensus rating of “Hold” and a consensus price target of $39.33.

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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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