Filings Flow: Carl Icahn’s Icahn Carl C Just Opened Huge American Railcar Industries, Inc Position

Filings Flow: Carl Icahn's Icahn Carl C Just Opened Huge American Railcar Industries, Inc Position

The New Carl Icahn’s Icahn Carl C Holding in American Railcar Industries, Inc

Icahn Carl C filed with the SEC SC 13D/A form for American Railcar Industries, Inc. The form can be accessed here: 000092846416000231. As reported in Carl Icahn’s Icahn Carl C’s form, the filler as of late owns 61.31% or 11,871,268 shares of the Industrials–company.

American Railcar Industries, Inc stake is a new one for the for the hedge fund and it was filed because of activity on October 28, 2016. We feel this shows Carl Icahn’s Icahn Carl C’s positive view for the stock.

The hedge fund is active investor in the Finance sector. In the manager’s last 13-F, we saw 25% of Carl Icahn’s Icahn Carl C’s US equities portfolio is in this sector.

Reasons Why Carl Icahn’s Icahn Carl C Bought – American Railcar Industries, Inc Stock

Item 4. Purpose of Transaction

Item 4 of this Schedule 13D is amended by adding the following:

On October 28, 2016, the Issuer disclosed in its Quarterly Report on Form 10-Q that under the Program the Issuer repurchased 12,784 Shares during the three months ended September 30, 2016 and 25,139 Shares subsequent to September 30, 2016. As a result of such repurchases of Shares by the Issuer under the Program, as well as repurchases of Shares by the Issuer under the Program in prior quarters, the Percentage Ownership of the Reporting Persons increased from 60.31% as of February 19, 2016 (based upon the 19,683,446 Shares stated to be outstanding as of February 19, 2016 by the Issuer in its Annual Report on Form 10-K filed with the Securities and Exchange Commission on February 23, 2016) to 61.31% as of October 26, 2016 (based upon the 19,361,832 Shares stated to be outstanding as of October 26, 2016 by the Issuer in its Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on October 28, 2016).

American Railcar Industries, Inc Institutional Sentiment

Latest Security and Exchange filings show 106 investors own American Railcar Industries, Inc. The institutional ownership in Q3 2015 is high, at 129.70% of the outstanding shares. This is increased by 5824716 the total institutional shares. 25109461 were the shares owned by these institutional investors. In total 14 funds opened new American Railcar Industries, Inc stakes, 40 increased stakes. There were 31 that closed positions and 33 reduced them.

Horrell Capital Management Inc is an institutional investor bullish on American Railcar Industries, Inc, owning 26598 shares as of Q3 2015 for 0.61% of its portfolio. Carl Icahn Icahn Carl C owns 11871268 shares or 1.54% of its portfolio. NY Pinnacle Associates Ltd have 0.01% of their stock portfolio for 10900 shares. Further, Zpr Investment Management reported stake worth 7.65% of its US stock portfolio. The OH James Investment Research Inc owns 126910 shares. American Railcar Industries, Inc is 0.12% of the manager’s US portfolio.

Business Profile

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.

SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.

Insitutional Activity: The institutional sentiment decreased to 0.53 in 2016 Q2. Its down 0.33, from 0.86 in 2016Q1. The ratio turned negative, as 17 funds sold all American Railcar Industries, Inc. shares owned while 42 reduced positions. 5 funds bought stakes while 26 increased positions. They now own 17.58 million shares or 2.33% less from 18.00 million shares in 2016Q1.

Alps Advsrs last reported 9,983 shares in the company. Parametric Portfolio Assoc Lc last reported 0% of its portfolio in the stock. Next Grp accumulated 1,040 shares or 0.01% of the stock. Massmutual Tru Fsb Adv, a Connecticut-based fund reported 100 shares. Blackrock Management Limited Com has 34,748 shares for 0% of their US portfolio. New York State Common Retirement Fund holds 0% or 8,700 shares in its portfolio. Icahn Carl C owns 11.87M shares or 2.31% of their US portfolio. Metropolitan Life Insur Ny holds 0% of its portfolio in American Railcar Industries, Inc. (NASDAQ:ARII) for 6,666 shares. Zpr Investment holds 24,710 shares or 1.85% of its portfolio. Susquehanna Int Grp Inc Llp, a Pennsylvania-based fund reported 16,368 shares. The California-based Lpl Fincl Lc has invested 0.02% in American Railcar Industries, Inc. (NASDAQ:ARII). Pinnacle Associate accumulated 9,950 shares or 0.01% of the stock. Tci Wealth Incorporated reported 232 shares or 0% of all its holdings. Bridgeway Cap Mngmt has invested 0.02% of its portfolio in American Railcar Industries, Inc. (NASDAQ:ARII). Blackrock Fund Advisors has invested 0% of its portfolio in American Railcar Industries, Inc. (NASDAQ:ARII).

The stock closed at $37.65 during the last session. It is down 11.41% since March 29, 2016 and is downtrending. It has underperformed by 14.89% the S&P500.

American Railcar Industries, Inc. is a designer and maker of hopper and tank railcars. The company has a market cap of $738.82 million. The Firm designs, makes and sells railcars and a range of components for the North American railcar and industrial markets. It has a 6.97 P/E ratio. The Firm operates through three divisions: manufacturing, railcar leasing and railcar services.

American Railcar Industries, Inc. (NASDAQ:ARII) Ratings Coverage

Out of 2 analysts covering American Railcar Industries (NASDAQ:ARII), 0 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 0 are positive. $45 is the highest target while $38 is the lowest. The $41.50 average target is 10.23% above today’s ($37.65) stock price. American Railcar Industries has been the topic of 4 analyst reports since August 4, 2015 according to StockzIntelligence Inc. As per Tuesday, August 4, the company rating was downgraded by Zacks. The company was downgraded on Monday, February 22 by BB&T Capital. Zacks upgraded American Railcar Industries, Inc. (NASDAQ:ARII) on Wednesday, August 12 to “Hold” rating.

More important recent American Railcar Industries, Inc. (NASDAQ:ARII) news were published by: Globenewswire.com which released: “American Railcar Industries, Inc. Reports First Quarter 2016 Results” on April 28, 2016, also Globenewswire.com published article titled: “American Railcar Industries, Inc. Reports Second Quarter 2016 Results”, Fool.com published: “American Railcar Industries Derailed in September — Here’s Why” on October 02, 2015. More interesting news about American Railcar Industries, Inc. (NASDAQ:ARII) was released by: Globenewswire.com and their article: “American Railcar Industries, Inc. Reports Record Revenues, Earnings and …” with publication date: February 18, 2016.

According to Zacks Investment Research, “American Railcar Industries, Inc. is a leading North American manufacturer of covered hopper and tank railcars. ARI also repairs and refurbishes railcars, provides fleet management services and designs and manufactures railcar and industrial components used in the production of its railcars as well as railcars and non-railcar industrial products produced by others.”

ARII Company Profile

American Railcar Industries, Inc., incorporated on April 30, 2009, is a designer and maker of hopper and tank railcars. The Firm designs, makes and sells railcars and a range of components for the North American railcar and industrial markets. The Firm operates through three divisions: manufacturing, railcar leasing and railcar services. The Company’s Manufacturing segment consists of railcar manufacturing and railcar and industrial component manufacturing. The Company’s Railcar leasing segment consists of railcars manufactured and leased to third parties under operating leases. The Company’s Railcar services segment consists of railcar repair services engineering and field services and fleet management services. The Company’s primary clients include leasing companies industrial companies shippers and Class I railroads. In addition, it offers its clients the opportunity to lease railcars.

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