Swiss National Bank held its position in American Railcar Industries Inc. (NASDAQ:ARII) during the second quarter, Holdings Channel reports. The fund owned 14,200 shares of the company’s stock at the end of the second quarter. Swiss National Bank owned approximately 0.07% of American Railcar Industries worth $560,000 as of its most recent filing with the SEC.
Several other institutional investors also recently added to or reduced their stakes in ARII. Smithfield Trust Co. boosted its position in American Railcar Industries by 4.4% in the second quarter. Smithfield Trust Co. now owns 2,610 shares of the company’s stock worth $103,000 after buying an additional 110 shares during the last quarter. Magnetar Financial LLC boosted its position in American Railcar Industries by 4.8% in the first quarter. Magnetar Financial LLC now owns 7,965 shares of the company’s stock worth $324,000 after buying an additional 368 shares during the last quarter. Aperio Group LLC boosted its position in American Railcar Industries by 7.3% in the first quarter. Aperio Group LLC now owns 17,891 shares of the company’s stock worth $729,000 after buying an additional 1,213 shares during the last quarter. Bank of New York Mellon Corp boosted its position in American Railcar Industries by 2.2% in the second quarter. Bank of New York Mellon Corp now owns 124,674 shares of the company’s stock worth $4,920,000 after buying an additional 2,742 shares during the last quarter. Finally, Vicus Capital acquired a new position in American Railcar Industries during the second quarter worth about $355,000. 92.01% of the stock is currently owned by hedge funds and other institutional investors.
Shares of American Railcar Industries Inc. (NASDAQ:ARII) traded up 0.33% during midday trading on Friday, hitting $39.33. The company had a trading volume of 14,698 shares. The company has a 50-day moving average of $40.29 and a 200 day moving average of $40.48. The firm has a market capitalization of $762.96 million, a PE ratio of 7.27 and a beta of 2.61. American Railcar Industries Inc. has a 12 month low of $36.18 and a 12 month high of $57.93.
American Railcar Industries (NASDAQ:ARII) last posted its earnings results on Thursday, July 28th. The company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.03. The company earned $150.50 million during the quarter, compared to analysts’ expectations of $147.37 million. American Railcar Industries had a return on equity of 20.23% and a net margin of 14.23%. The firm’s quarterly revenue was down 21.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.54 earnings per share. On average, analysts expect that American Railcar Industries Inc. will post $4.15 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 23rd. Shareholders of record on Friday, September 9th were paid a dividend of $0.40 per share. The ex-dividend date was Wednesday, September 7th. This represents a $1.60 annualized dividend and a yield of 4.08%. American Railcar Industries’s dividend payout ratio (DPR) is 29.74%.
Several equities research analysts have weighed in on ARII shares. Cowen and Company started coverage on American Railcar Industries in a report on Wednesday, June 22nd. They issued a “market perform” rating and a $40.00 target price for the company. Zacks Investment Research upgraded American Railcar Industries from a “sell” rating to a “hold” rating in a report on Tuesday, July 5th. Finally, Standpoint Research reiterated a “buy” rating on shares of American Railcar Industries in a report on Wednesday, July 27th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. American Railcar Industries presently has a consensus rating of “Hold” and a consensus target price of $41.67.
About American Railcar Industries
American Railcar Industries, Inc is a designer and manufacturer of hopper and tank railcars. The Company designs, manufactures and sells railcars and a range of components for the North American railcar and industrial markets. The Company operates through three segments: manufacturing, railcar leasing and railcar services.
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