FreightCar America, Inc. (NASDAQ:RAIL) Director Purchases $40,760.00 in Stock

FreightCar America, Inc. (NASDAQ:RAIL) Director Nigris Felan Jose De bought 4,000 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The stock was acquired at an average cost of $10.19 per share, for a total transaction of $40,760.00. Following the acquisition, the director now directly owns 73,147 shares of the company’s stock, valued at $745,367.93. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink.

FreightCar America Trading Down 1.5 %

Shares of FreightCar America stock opened at $9.75 on Monday. The company has a fifty day simple moving average of $6.50 and a 200-day simple moving average of $4.62. The stock has a market cap of $183.98 million, a price-to-earnings ratio of -6.33 and a beta of 2.00. FreightCar America, Inc. has a 12-month low of $2.25 and a 12-month high of $11.55.

FreightCar America (NASDAQ:RAIL) last issued its quarterly earnings data on Monday, August 12th. The transportation company reported $0.05 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.05. FreightCar America had a negative return on equity of 28.11% and a negative net margin of 0.62%. The company had revenue of $147.42 million for the quarter, compared to analyst estimates of $127.09 million. During the same quarter last year, the company posted $0.02 earnings per share. On average, analysts forecast that FreightCar America, Inc. will post 0.2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. StockNews.com cut FreightCar America from a “buy” rating to a “hold” rating in a research report on Friday. Noble Financial raised FreightCar America to a “strong-buy” rating in a report on Friday, June 28th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of FreightCar America by 4.7% in the first quarter. Vanguard Group Inc. now owns 584,292 shares of the transportation company’s stock valued at $2,250,000 after acquiring an additional 26,412 shares during the period. Renaissance Technologies LLC boosted its stake in FreightCar America by 43.4% during the 2nd quarter. Renaissance Technologies LLC now owns 116,887 shares of the transportation company’s stock worth $408,000 after purchasing an additional 35,387 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in FreightCar America by 24.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 29,932 shares of the transportation company’s stock worth $104,000 after purchasing an additional 5,880 shares during the last quarter. Institutional investors and hedge funds own 31.96% of the company’s stock.

FreightCar America Company Profile

FreightCar America, Inc, through its subsidiaries, engages in design, manufacture, and sale of railcars and railcar components for the transportation of bulk commodities and containerized freight products in the United States and Mexico. It operates in two segments, Manufacturing and Parts. The company offers a range of railcars, including open top hoppers, mill gondola cars, intermodal and non-intermodal flat cars, coal cars; bulk commodity cars covered hopper cars, coil steel cars, boxcars, woodchip hoppers, aluminum vehicle carriers, and articulated bulk container railcars.