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.
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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