FreightCar America (NASDAQ:RAIL) Downgraded to Hold at StockNews.com

StockNews.com downgraded shares of FreightCar America (NASDAQ:RAIL) from a buy rating to a hold rating in a research report report published on Friday morning.

Separately, Noble Financial upgraded FreightCar America to a strong-buy rating in a research report on Friday, June 28th.

FreightCar America Trading Up 10.7 %

Shares of RAIL stock opened at $10.79 on Friday. The stock has a market cap of $201.89 million, a P/E ratio of -7.01 and a beta of 2.00. FreightCar America has a twelve month low of $2.25 and a twelve month high of $11.55. The stock has a 50 day moving average of $6.65 and a 200 day moving average of $4.68.

FreightCar America (NASDAQ:RAIL) last posted its quarterly earnings data on Monday, August 12th. The transportation company reported $0.05 EPS for the quarter, meeting analysts’ consensus estimates of $0.05. The business had revenue of $147.42 million during the quarter, compared to analysts’ expectations of $127.09 million. FreightCar America had a negative return on equity of 28.11% and a negative net margin of 0.62%. During the same period in the previous year, the business earned $0.02 earnings per share. On average, research analysts predict that FreightCar America will post 0.2 earnings per share for the current fiscal year.

Insider Transactions at FreightCar America

In other news, Director Nigris Felan Jose De purchased 4,000 shares of the stock in a transaction dated Friday, September 27th. The shares were purchased at an average cost of $10.19 per share, with a total value of $40,760.00. Following the completion of the purchase, the director now directly owns 73,147 shares of the company’s stock, valued at approximately $745,367.93. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Nigris Felan Jose De purchased 4,000 shares of the stock in a transaction dated Friday, September 27th. The shares were purchased at an average cost of $10.19 per share, with a total value of $40,760.00. Following the completion of the purchase, the director now directly owns 73,147 shares of the company’s stock, valued at approximately $745,367.93. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director William D. Gehl sold 10,000 shares of FreightCar America stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $10.83, for a total value of $108,300.00. Following the completion of the sale, the director now directly owns 147,608 shares in the company, valued at $1,598,594.64. The disclosure for this sale can be found here. Corporate insiders own 28.00% of the company’s stock.

Institutional Trading of FreightCar America

A number of institutional investors have recently made changes to their positions in RAIL. Dimensional Fund Advisors LP boosted its stake in shares of FreightCar America by 24.4% in the second quarter. Dimensional Fund Advisors LP now owns 29,932 shares of the transportation company’s stock worth $104,000 after acquiring an additional 5,880 shares during the last quarter. Renaissance Technologies LLC boosted its stake in FreightCar America by 43.4% during the second quarter. Renaissance Technologies LLC now owns 116,887 shares of the transportation company’s stock worth $408,000 after buying an additional 35,387 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in FreightCar America by 4.7% during the first quarter. Vanguard Group Inc. now owns 584,292 shares of the transportation company’s stock worth $2,250,000 after buying an additional 26,412 shares during the last quarter. 31.96% of the stock is owned by institutional investors and hedge funds.

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.