American Railcar Industries Inc. (ARII): Billionaire Carl Icahn Reports 61.31% Stake

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Billionaire Carl Icahn‘s Icahn Capital LP recently filed an amended Form 13D with the Securities and Exchange Commission, in which it reported a change in its percentage of ownership of American Railcar Industries Inc. (NASDAQ:ARII). Namely, the company has made a few repurchases of its shares during the past three quarters, which has resulted in Icahn Capital’s percentage of ownership increasing. On February 19, the fund held 60.31% of the company’s shares, while it now holds 61.31% of the company’s outstanding stock, or 11.87 million common shares. Icahn’s actual share ownership has not changed dating back to February 19 (in fact it hasn’t changed dating all the way back to the middle of 2012).

American Railcar Industries Inc. (NASDAQ:ARII) is a company that produces tank and hopper railcars, and which operates three divisions: railcar leasing, railcar services, and manufacturing. Over the past 12 months, the company’s shares have lost 37.56%. For the third quarter of 2016, American Railcar Industries reported EPS of $0.40 and revenue of $145 million, below analysts’ estimates of $0.97 and $146.8 million, respectively.

Most Popular Stocks Among Hedge Funds

Among the hedge funds tracked by Insider Monkey, 11 were bullish on American Railcar Industries Inc. (NASDAQ:ARII) at the end of June, down from 14 at the end of March. Some of the investments firms with the biggest holdings included Chuck Royce’s Royce & Associates (189,100 shares), Neil Chriss’ Hutchin Hill Capital (20,785 shares), George Hall’s Clinton Group (15,160 shares), and Gregory Fraser, Rudolph Kluiber, and Timothy Krochuk’s GRT Capital Partners (6,299 shares).

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You can access the original SEC filing by clicking here.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
IEH ARI Holdings 11,871,268 0 11,871,268 0 11,871,268 61.31%
American Entertainment Properties Corp 0 11,871,268 0 11,871,268 11,871,268 61.31%
Icahn Building 0 11,871,268 0 11,871,268 11,871,268 61.31%
Icahn Enterprises Holdings 0 11,871,268 0 11,871,268 11,871,268 61.31%
Icahn Enterprises G.P. Inc 0 11,871,268 0 11,871,268 11,871,268 61.31%
Beckton Corp 0 11,871,268 0 11,871,268 11,871,268 61.31%
Carl C. Icahn 0 11,871,268 0 11,871,268 11,871,268 61.31%

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Page 1 of 10 – SEC Filing

Washington, D.C. 20549
Under the Securities Exchange Act of 1934
(Amendment No. 7)*
American Railcar Industries, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
(CUSIP Number)
Andrew Langham, Esq.
General Counsel
Icahn Enterprises G.P. Inc.
767 Fifth Avenue, 47th Floor
New York, New York 10153
(212) 702-4300
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
October 28, 2016
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Section 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box  / /.
NOTE:  Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d‑7 for other parties to whom copies are to be sent.
*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

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