American Railcar Industries (ARII) : Horrell Capital Management reduced its stake in American Railcar Industries by 0.51% during the most recent quarter end. The investment management company now holds a total of 26,862 shares of American Railcar Industries which is valued at $1,039,022 after selling 138 shares in American Railcar Industries , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.American Railcar Industries makes up approximately 0.65% of Horrell Capital Management’s portfolio.
Other Hedge Funds, Including , Smith Asset Management Group Lp sold out all of its stake in ARII during the most recent quarter. The investment firm sold 276 shares of ARII which is valued $10,676.Cibc World Markets reduced its stake in ARII by selling 4,500 shares or 31.25% in the most recent quarter. The Hedge Fund company now holds 9,900 shares of ARII which is valued at $396,495.James Investment Research Inc boosted its stake in ARII in the latest quarter, The investment management firm added 16,890 additional shares and now holds a total of 138,980 shares of American Railcar Industries which is valued at $5,731,535. American Railcar Industries makes up approx 0.14% of James Investment Research Inc’s portfolio.Creative Planning reduced its stake in ARII by selling 550 shares or 37.93% in the most recent quarter. The Hedge Fund company now holds 900 shares of ARII which is valued at $37,278.Bnp Paribas Arbitrage Sa boosted its stake in ARII in the latest quarter, The investment management firm added 360 additional shares and now holds a total of 680 shares of American Railcar Industries which is valued at $28,077.
American Railcar Industries opened for trading at $39.82 and hit $42.19 on the upside on Friday, eventually ending the session at $42.01, with a gain of 8.67% or 3.35 points. The heightened volatility saw the trading volume jump to 5,71,362 shares. Company has a market cap of $822 M.
On the company’s financial health, American Railcar Industries reported $1.02 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.99. The company had revenue of $150.50 million for the quarter, compared to analysts expectations of $149.57 million. The company’s revenue was down -21.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.54 EPS.
Many Wall Street Analysts have commented on American Railcar Industries. Company shares were Reiterated by Cowen on Aug 2, 2016 to “Market Perform”, Firm has raised the Price Target to $ 43 from a previous price target of $40 .Cowen Initiated American Railcar Industries on Jun 22, 2016 to “Market Perform”, Price Target of the shares are set at $40.
American Railcar Industries Inc. is a designer and manufacturer of hopper and tank railcars. The Company designs manufactures and sells customized and general-purpose railcars and a range of components for the North American railcar and industrial markets. It operates in three segments: manufacturing railcar leasing and railcar services. Its Manufacturing segment consists of railcar manufacturing and railcar and industrial component manufacturing. Its Railcar leasing segment consists of railcars manufactured and leased to third parties under operating leases. Its Railcar services segment consists of railcar repair services engineering and field services and fleet management services. Its customers include leasing companies industrial companies shippers and Class I railroads. In addition it offers the opportunity to lease its railcars and provides a variety of integrated railcar services including repair maintenance consulting engineering and fleet management services.