|Bid||0.00 x 800|
|Ask||0.00 x 900|
|Day's Range||69.95 - 70.10|
|52 Week Range||34.76 - 70.50|
|Beta (3Y Monthly)||-0.67|
|PE Ratio (TTM)||9.08|
|Earnings Date||Feb 21, 2019 - Feb 25, 2019|
|Forward Dividend & Yield||1.60 (2.29%)|
|1y Target Est||52.00|
How do you pick the next stock to invest in? One way would be to spend hours of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of […]
ITE Management L.P. (ITE) is pleased to announce that it has closed its acquisition of American Railcar Industries, Inc. (ARI or the Company) (ARII). In connection with the acquisition, ITE acquires a rail fleet of nearly 14,000 railcars and a best-in-class hopper car and tank car manufacturing and strategic servicing business. Through its partnerships and relationships, ITE is committed to growing the ARI platform for the long term through supporting the employees and management of ARI in their initiatives to continue to build a better product and a better company, and to supplying its customers with a broad base of products, services, and support.
Investing is a long-term game, and no one knows this more than Carl Icahn (Trades, Portfolio), the 82-year-old corporate raider who has been active on Wall Street since his late teens. Warning! GuruFocus has detected 4 Warning Signs with HTZ.
NEW YORK, Nov. 02, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
American Railcar (ARII) delivered earnings and revenue surprises of 30.19% and -1.10%, respectively, for the quarter ended September 2018. Do the numbers hold clues to what lies ahead for the stock?
On a per-share basis, the St. Charles, Missouri-based company said it had profit of 69 cents. The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment ...
Among St. Louis’ public companies, those that do business internationally or in the health care industry lead the pack, according to market capitalization.
American Railcar (ARII) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
American Railcar Industries Inc., which is majority owned by activist investor Carl Icahn’s firm, is being acquired by a subsidiary of ITE Rail Fund LP, it announced Monday. American Railcar said that including its debt, the deal is valued at $1.75 billion. The $70 a share price is a 51% premium on the company’s most recent closing share price of $46.29.
American Railcar Industries, Inc. (ARII) (“ARI” or the “Company”) announced today that it will discuss its third quarter 2018 results on a conference call on October 30, 2018 at 10:00 am (Eastern Time). ARI is a prominent North American designer and manufacturer of hopper and tank railcars. ARI provides its railcar customers with integrated solutions through a comprehensive set of high quality products and related services.
American Railcar agrees to merge with an ITE Rail Fund subsidiary for $70 a share. Icahn owned 62.2 percent of American Railcar's shares outstanding as of June 30, according to FactSet. Icahn Enterprises says its profit from its 8-year-old stake was $757.2 million, including the deal.
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(Reuters) - American Railcar Industries Inc, majority-owned by billionaire investor Carl Icahn, is selling itself to ITE Rail Fund in a $1.75 billion deal including debt, the company said on Monday. Icahn ...
American Railcar Industries Inc, majority-owned by billionaire investor Carl Icahn, is selling itself to ITE Rail Fund in a $1.75 billion deal including debt, the company said on Monday. Icahn Enterprises said the sale generated a total return of 423 percent for a profit of about $757 million since it first bought a majority stake in the railcar maker in 2010. The $70 per share offer represents a 51 percent premium to American Railcar's last closing price on Friday.
American Railcar Industries Inc. announced Monday a deal to be acquired in a deal valued at $1.75 billion by a fund managed by investment firm ITE Management L.P. Under terms of the agreement, ITE will pay $70 for each American Railcar, a maker of hopper and tank railcars, which is 51% above Friday's closing price of $46.29, and would give the company a market capitalization of $1.34 billion. The stock is currently halted for news until 7:30 a.m. Eastern. The deal is expected to close in the fourth quarter. Billionaire activist investor Carl Icahn's Icahn Enterprises L.P. is the majority owner of American Railcar, with 11.9 million shares, or 62.2% of the shares outstanding, according to FactSet data. Icahn said it became a majority owner of American Railcar in 2010, and Monday's deal, the investment has generated a total return of 423% for a profit of $757.2 million. American Railcar's stock has rallied 17.8% over the past 12 months, while the Dow Jones Industrial Average has gained 9.1%.
American Railcar Industries, Inc. (ARI or the Company) (ARII) today announced that it has entered into a definitive agreement to merge with a wholly-owned subsidiary of ITE Rail Fund L.P., managed by ITE Management L.P., at a price of $70.00 per share, which is 51% above the October 19, 2018 closing price of $46.29. The transaction is valued at approximately $1.75 billion (including ARI’s net indebtedness), which is a great result for all ARI shareholders. John O'Bryan, President and CEO of ARI, commented, “ARI is a highly respected company in the railcar industry with a rich history of growth and innovation for over 20 years.