Allianz Asset Management GmbH lessened its stake in shares of American Railcar Industries, Inc. (NASDAQ:ARII) by 9.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 160,000 shares of the transportation company’s stock after selling 16,006 shares during the period. Allianz Asset Management GmbH owned 0.84% of American Railcar Industries worth $6,176,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Russell Investments Group Ltd. bought a new position in American Railcar Industries during the 3rd quarter worth $173,000. D.A. Davidson & CO. bought a new position in American Railcar Industries during the 2nd quarter worth $174,000. The Manufacturers Life Insurance Company increased its stake in American Railcar Industries by 0.3% during the 2nd 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 during the period. Alliancebernstein L.P. increased its stake in American Railcar Industries by 41.0% during the 2nd 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 during the period. Finally, Sunbelt Securities Inc. bought a new position in American Railcar Industries during the 3rd quarter worth $339,000. Hedge funds and other institutional investors own 94.78% of the company’s stock.
A number of equities analysts have commented on the company. Stifel Nicolaus raised their price objective on American Railcar Industries from $32.00 to $35.00 and gave the stock a “hold” rating in a research note on Tuesday, November 7th. Buckingham Research raised their price objective on American Railcar Industries from $38.00 to $39.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 1st. Cowen restated a “buy” rating and set a $44.00 price objective on shares of American Railcar Industries in a research note on Wednesday, November 1st. Zacks Investment Research upgraded American Railcar Industries from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 17th. Finally, ValuEngine upgraded American Railcar Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, September 12th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $39.33.
American Railcar Industries (NASDAQ:ARII) last issued its 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). The business had revenue of $120.75 million during the quarter, compared to analyst estimates of $123.63 million. American Railcar Industries had a net margin of 10.28% and a return on equity of 9.66%. The company’s revenue for the quarter was down 16.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.94 EPS. equities research analysts expect that American Railcar Industries, Inc. will post 2.07 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 8th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.88%. The ex-dividend date is Thursday, December 7th. American Railcar Industries’s dividend payout ratio is presently 58.39%.
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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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