Susquehanna Fundamental Investments LLC bought a new position in shares of American Railcar Industries, Inc. (NASDAQ:ARII) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 5,726 shares of the transportation company’s stock, valued at approximately $214,000.
Several other institutional investors have also recently added to or reduced their stakes in the stock. D.A. Davidson & CO. lifted its holdings in shares of American Railcar Industries by 26.0% during the first quarter. D.A. Davidson & CO. now owns 7,728 shares of the transportation company’s stock worth $289,000 after purchasing an additional 1,596 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in shares of American Railcar Industries by 6.0% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 32,977 shares of the transportation company’s stock valued at $1,234,000 after purchasing an additional 1,853 shares during the last quarter. California Public Employees Retirement System lifted its stake in shares of American Railcar Industries by 5.5% in the 4th quarter. California Public Employees Retirement System now owns 78,319 shares of the transportation company’s stock valued at $3,261,000 after purchasing an additional 4,076 shares during the last quarter. MetLife Investment Advisors LLC acquired a new position in shares of American Railcar Industries in the 4th quarter valued at $196,000. Finally, Victory Capital Management Inc. lifted its stake in shares of American Railcar Industries by 29.2% in the 1st quarter. Victory Capital Management Inc. now owns 22,844 shares of the transportation company’s stock valued at $855,000 after purchasing an additional 5,159 shares during the last quarter. 94.79% of the stock is owned by hedge funds and other institutional investors.
ARII has been the topic of several recent analyst reports. Zacks Investment Research lowered American Railcar Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. Stifel Nicolaus set a $40.00 price objective on American Railcar Industries and gave the company a “hold” rating in a report on Monday, February 26th. BidaskClub upgraded American Railcar Industries from a “strong sell” rating to a “sell” rating in a report on Wednesday, May 9th. Cowen reiterated a “buy” rating and issued a $44.00 price objective on shares of American Railcar Industries in a report on Tuesday, May 1st. Finally, Buckingham Research boosted their price objective on American Railcar Industries from $41.00 to $42.00 and gave the company a “neutral” rating in a report on Wednesday, May 2nd. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $42.00.
ARII stock opened at $38.83 on Wednesday. The company has a current ratio of 3.11, a quick ratio of 2.20 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $748.85 million, a P/E ratio of 21.22 and a beta of 2.08. American Railcar Industries, Inc. has a 12-month low of $34.29 and a 12-month high of $42.52.
American Railcar Industries (NASDAQ:ARII) last issued its quarterly earnings results on Tuesday, May 1st. The transportation company reported $0.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.08. American Railcar Industries had a return on equity of 6.25% and a net margin of 30.23%. The company had revenue of $116.24 million for the quarter, compared to the consensus estimate of $119.43 million. During the same quarter in the prior year, the business earned $0.55 EPS. American Railcar Industries’s revenue was up 1.4% on a year-over-year basis. research analysts expect that American Railcar Industries, Inc. will post 2.59 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 27th. Stockholders of record on Wednesday, June 13th will be issued a $0.40 dividend. The ex-dividend date is Tuesday, June 12th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.12%. American Railcar Industries’s payout ratio is currently 87.43%.
American Railcar Industries Profile
American Railcar Industries, Inc, together with its subsidiaries, designs and manufactures hopper and tank railcars in North America. It operates through three segments: Manufacturing, Railcar Leasing, and Railcar Services. The Manufacturing segment manufactures hopper railcars for shipping various dry bulk products, such as plastic pellets, as well as high-density products, including cement and sand; pressure tank railcars for transporting products comprising chlorine, anhydrous ammonia, liquid propane, and butane; and other types of railcars.
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