American Railcar Industries, Inc. (NASDAQ:ARII) Position Raised by Morgan Stanley

Morgan Stanley boosted its stake in shares of American Railcar Industries, Inc. (NASDAQ:ARII) by 0.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 114,391 shares of the transportation company’s stock after buying an additional 505 shares during the period. Morgan Stanley’s holdings in American Railcar Industries were worth $4,702,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Norges Bank bought a new position in American Railcar Industries during the fourth quarter worth about $8,963,000. Royce & Associates LP increased its position in American Railcar Industries by 24.0% in the first quarter. Royce & Associates LP now owns 226,112 shares of the transportation company’s stock worth $9,293,000 after buying an additional 43,812 shares during the last quarter. First Trust Advisors LP increased its position in American Railcar Industries by 27.6% in the first quarter. First Trust Advisors LP now owns 193,065 shares of the transportation company’s stock worth $7,935,000 after buying an additional 41,795 shares during the last quarter. Vanguard Group Inc. increased its position in American Railcar Industries by 2.2% in the first quarter. Vanguard Group Inc. now owns 1,097,456 shares of the transportation company’s stock worth $45,106,000 after buying an additional 23,340 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in American Railcar Industries by 7.3% in the first quarter. Bank of New York Mellon Corp now owns 191,087 shares of the transportation company’s stock worth $7,854,000 after buying an additional 13,005 shares during the last quarter. 95.03% of the stock is owned by hedge funds and other institutional investors.

Shares of American Railcar Industries, Inc. (NASDAQ:ARII) traded up 0.41% during midday trading on Friday, reaching $36.50. 8,193 shares of the company’s stock were exchanged. American Railcar Industries, Inc. has a 12-month low of $34.30 and a 12-month high of $51.10. The stock’s 50 day moving average price is $36.93 and its 200 day moving average price is $39.94. The company has a market cap of $696.53 million, a price-to-earnings ratio of 13.61 and a beta of 2.32.

American Railcar Industries (NASDAQ:ARII) last posted its quarterly earnings results on Tuesday, August 1st. The transportation company reported $0.62 EPS for the quarter, meeting the consensus estimate of $0.62. American Railcar Industries had a net margin of 9.59% and a return on equity of 11.40%. The business had revenue of $109 million during the quarter, compared to analyst estimates of $113.62 million. During the same quarter in the previous year, the business posted $1.02 EPS. The company’s quarterly revenue was down 27.6% compared to the same quarter last year. Equities analysts anticipate that American Railcar Industries, Inc. will post $2.22 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 8th will be issued a $0.40 dividend. The ex-dividend date is Thursday, September 7th. This represents a $1.60 annualized dividend and a dividend yield of 4.40%. American Railcar Industries’s dividend payout ratio is currently 59.70%.

COPYRIGHT VIOLATION WARNING: “American Railcar Industries, Inc. (NASDAQ:ARII) Position Raised by Morgan Stanley” was originally reported by Community Financial News and is owned by of Community Financial News. If you are reading this report on another domain, it was stolen and republished in violation of U.S. and international copyright & trademark law. The original version of this report can be accessed at https://www.com-unik.info/2017/08/11/american-railcar-industries-inc-nasdaqarii-position-raised-by-morgan-stanley.html.

A number of equities analysts recently issued reports on the stock. BidaskClub raised shares of American Railcar Industries from a “sell” rating to a “hold” rating in a research note on Wednesday. ValuEngine downgraded shares of American Railcar Industries from a “buy” rating to a “hold” rating in a research note on Monday. Stifel Nicolaus set a $32.00 price target on shares of American Railcar Industries and gave the stock a “hold” rating in a research note on Wednesday, August 2nd. Cowen and Company reissued a “buy” rating and issued a $45.00 price target on shares of American Railcar Industries in a research note on Thursday. Finally, Zacks Investment Research downgraded shares of American Railcar Industries from a “buy” rating to a “strong sell” rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. American Railcar Industries currently has a consensus rating of “Hold” and a consensus target price of $38.33.

About American Railcar Industries

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)

What are top analysts saying about American Railcar Industries Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for American Railcar Industries Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit