American Railcar Industries (ARII) Now Covered by Seaport Global Securities

Analysts at Seaport Global Securities began coverage on shares of American Railcar Industries (NASDAQ:ARII) in a report released on Thursday. The brokerage set a “neutral” rating on the transportation company’s stock.

Other analysts also recently issued reports about the company. Buckingham Research lifted their price target on American Railcar Industries from $38.00 to $39.00 and gave the company a “neutral” rating in a research note on Wednesday, November 1st. BidaskClub upgraded American Railcar Industries from a “hold” rating to a “buy” rating in a research note on Wednesday. ValuEngine upgraded American Railcar Industries from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Zacks Investment Research upgraded American Railcar Industries from a “sell” rating to a “hold” rating in a research note on Thursday, December 28th. Finally, Stifel Nicolaus boosted their target price on American Railcar Industries from $32.00 to $35.00 and gave the stock a “hold” rating in a research report on Tuesday, November 7th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $39.33.

American Railcar Industries (ARII) opened at $40.51 on Thursday. American Railcar Industries has a 12 month low of $34.29 and a 12 month high of $49.33. The firm has a market capitalization of $802.09, a P/E ratio of 14.78 and a beta of 2.42. The company has a quick ratio of 2.13, a current ratio of 3.06 and a debt-to-equity ratio of 0.94.

American Railcar Industries (NASDAQ:ARII) last posted its quarterly earnings results 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 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 analysts’ expectations of $123.63 million. During the same quarter last year, the firm earned $0.94 earnings per share. The firm’s quarterly revenue was down 16.7% compared to the same quarter last year. equities research analysts predict that American Railcar Industries will post 2.08 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the business. HighTower Advisors LLC boosted its position in American Railcar Industries by 51.3% during the second quarter. HighTower Advisors LLC now owns 8,991 shares of the transportation company’s stock worth $342,000 after purchasing an additional 3,048 shares in the last quarter. Intrinsic Edge Capital Management LLC purchased a new stake in American Railcar Industries during the second quarter worth $766,000. State Street Corp boosted its position in American Railcar Industries by 5.2% during the second quarter. State Street Corp now owns 198,606 shares of the transportation company’s stock worth $7,605,000 after purchasing an additional 9,811 shares in the last quarter. LSV Asset Management boosted its position in American Railcar Industries by 0.9% during the second quarter. LSV Asset Management now owns 461,619 shares of the transportation company’s stock worth $17,680,000 after purchasing an additional 3,900 shares in the last quarter. Finally, Northern Trust Corp boosted its position in American Railcar Industries by 82.8% during the second quarter. Northern Trust Corp now owns 290,305 shares of the transportation company’s stock worth $11,119,000 after purchasing an additional 131,503 shares in the last quarter. Institutional investors own 94.78% of the company’s stock.

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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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