American Railcar Industries Sees Unusually High Options Volume (NASDAQ:ARII)

American Railcar Industries, Inc. (NASDAQ:ARII) was the recipient of some unusual options trading on Tuesday. Investors purchased 283 call options on the company. This is an increase of 455% compared to the average volume of 51 call options.

Hedge funds have recently made changes to their positions in the business. HighTower Advisors LLC increased its holdings in shares of American Railcar Industries by 51.3% in the 2nd quarter. HighTower Advisors LLC now owns 8,991 shares of the transportation company’s stock worth $342,000 after buying an additional 3,048 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of American Railcar Industries by 4.7% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 30,355 shares of the transportation company’s stock worth $1,248,000 after buying an additional 1,368 shares during the last quarter. Nationwide Fund Advisors grew its holdings in American Railcar Industries by 31.2% during the 3rd quarter. Nationwide Fund Advisors now owns 10,173 shares of the transportation company’s stock valued at $393,000 after purchasing an additional 2,418 shares during the last quarter. Intrinsic Edge Capital Management LLC bought a new position in American Railcar Industries during the 2nd quarter valued at about $766,000. Finally, State Street Corp grew its holdings in American Railcar Industries by 5.2% during the 2nd quarter. State Street Corp now owns 198,606 shares of the transportation company’s stock valued at $7,605,000 after purchasing an additional 9,811 shares during the last quarter. Institutional investors and hedge funds own 94.78% of the company’s stock.

ARII has been the topic of a number of recent research reports. Zacks Investment Research cut American Railcar Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, November 7th. Buckingham Research increased their target price on shares of American Railcar Industries from $38.00 to $39.00 and gave the stock a “neutral” rating in a report on Wednesday, November 1st. Cowen restated a “buy” rating and issued a $44.00 price objective on shares of American Railcar Industries in a report on Wednesday, November 1st. Stifel Nicolaus raised their price objective on shares of American Railcar Industries from $32.00 to $35.00 and gave the stock a “hold” rating in a report on Tuesday, November 7th. Finally, BidaskClub upgraded shares of American Railcar Industries from a “hold” rating to a “buy” rating in a report on Wednesday, January 3rd. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $39.33.

American Railcar Industries (NASDAQ:ARII) opened at $40.84 on Friday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.13 and a current ratio of 3.06. American Railcar Industries has a one year low of $34.29 and a one year high of $49.33. The firm has a market cap of $778.24, a price-to-earnings ratio of 14.85 and a beta of 2.42.

American Railcar Industries (NASDAQ:ARII) last released its earnings results on Tuesday, October 31st. The transportation company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.11). The firm had revenue of $120.75 million for the quarter, compared to analysts’ expectations of $123.63 million. American Railcar Industries had a net margin of 10.28% and a return on equity of 9.66%. The firm’s quarterly revenue was down 16.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.94 EPS. equities research analysts forecast that American Railcar Industries will post 2.08 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 22nd. Shareholders of record on Friday, December 8th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.92%. The ex-dividend date of this dividend was Thursday, December 7th. American Railcar Industries’s payout ratio is currently 58.18%.

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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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