In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), American Railcar Industries Inc. (NASDAQ:ARII) reported that Vanguard Group Inc. has picked up 1,074,116 of common stock as of 2017-02-09.
The acquisition brings the aggregate amount owned by Vanguard Group Inc. to a total of 1,074,116 representing a 5.54% stake in the company.
For those not familiar with the company, American Railcar Industries, Inc. is a designer and manufacturer of hopper and tank railcars. The Company designs, manufactures and sells railcars and a range of components for the North American railcar and industrial markets. The Company operates through three segments: manufacturing, railcar leasing and railcar services. The manufacturing consists of railcar manufacturing, and railcar and industrial component manufacturing. The railcar-leasing segment consists of railcars manufactured by the Company and leased to third parties under operating leases. The railcar services segment consists of railcar repair, engineering and field services. It manufactures over two types of railcars, hopper railcars and tank railcars. It also manufactures various components for railcar and industrial markets. It manufactures both general service and specialty hopper railcars at its Paragould plant. Its hopper railcars are designed for shipping a range of dry bulk products from light density products.
A glance at American Railcar Industries Inc. (NASDAQ:ARII)’s key stats reveals a current market capitalization of 859.57 million based on 19.36 million shares outstanding and a price at last close of $44.72 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2012-06-04, Icahn picked up 500 at a purchase price of $21.00. This brings their total holding to 11,871,268 as of the date of the filing.
On the sell side, the most recent transaction saw Pontious unload 600 shares at a sale price of $43.67. This brings their total holding to 2,500.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on American Railcar Industries Inc. (NASDAQ:ARII) as things move forward to see if its progress aligns with these transactions.
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