Freightcar America, Inc. (RAIL) Director S Carl Soderstrom, Jr. Sells 2,500 Shares

Freightcar America, Inc. (NASDAQ:RAIL) Director S Carl Soderstrom, Jr. sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $15.71, for a total value of $39,275.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Freightcar America, Inc. (NASDAQ RAIL) traded up $0.10 during midday trading on Monday, reaching $15.71. The company had a trading volume of 106,944 shares, compared to its average volume of 135,723. Freightcar America, Inc. has a 12 month low of $12.07 and a 12 month high of $20.46.

Freightcar America (NASDAQ:RAIL) last announced its quarterly earnings data on Wednesday, November 1st. The transportation company reported ($0.73) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by ($0.63). Freightcar America had a negative net margin of 2.44% and a negative return on equity of 2.56%. The business had revenue of $72.00 million during the quarter, compared to analysts’ expectations of $87.20 million. The business’s revenue for the quarter was down 36.6% compared to the same quarter last year. equities analysts anticipate that Freightcar America, Inc. will post -0.98 EPS for the current fiscal year.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Uniplan Investment Counsel Inc. grew its stake in Freightcar America by 58.2% in the second quarter. Uniplan Investment Counsel Inc. now owns 338,821 shares of the transportation company’s stock worth $5,892,000 after purchasing an additional 124,705 shares in the last quarter. Royce & Associates LP lifted its holdings in Freightcar America by 5.1% during the second quarter. Royce & Associates LP now owns 1,280,893 shares of the transportation company’s stock worth $22,275,000 after buying an additional 62,587 shares during the period. Russell Investments Group Ltd. lifted its holdings in Freightcar America by 1.5% during the second quarter. Russell Investments Group Ltd. now owns 323,036 shares of the transportation company’s stock worth $5,617,000 after buying an additional 4,624 shares during the period. Numeric Investors LLC purchased a new stake in Freightcar America during the second quarter worth $3,680,000. Finally, AJO LP purchased a new stake in Freightcar America during the second quarter worth $3,564,000. 83.63% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have weighed in on RAIL shares. Stifel Nicolaus reiterated a “hold” rating and issued a $15.00 price objective on shares of Freightcar America in a report on Thursday, September 21st. Zacks Investment Research upgraded Freightcar America from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $16.25.

Freightcar America Company Profile

FreightCar America, Inc is a manufacturer of railcars and railcar components. The Company operates in the Manufacturing segment. The Company designs and manufactures a range of railcar types for transportation of bulk commodities and containerized freight products primarily in North America, including open top hoppers, covered hoppers, and gondolas along with intermodal and non-intermodal flat cars.

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