Insider Buying: FreightCar America, Inc. (RAIL) VP Purchases 1,000 Shares of Stock

FreightCar America, Inc. (NASDAQ:RAIL) VP Joseph J. Maliekel purchased 1,000 shares of the firm’s stock in a transaction on Monday, November 5th. The stock was acquired at an average price of $10.13 per share, with a total value of $10,130.00. Following the completion of the transaction, the vice president now owns 13,643 shares in the company, valued at approximately $138,203.59. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Shares of NASDAQ RAIL opened at $10.31 on Friday. FreightCar America, Inc. has a 52-week low of $9.40 and a 52-week high of $20.14. The company has a market capitalization of $123.87 million, a price-to-earnings ratio of -8.89 and a beta of 1.50.

FreightCar America (NASDAQ:RAIL) last posted its quarterly earnings data on Wednesday, October 31st. The transportation company reported ($0.50) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.26) by ($0.24). FreightCar America had a negative return on equity of 9.80% and a negative net margin of 8.46%. The firm had revenue of $78.97 million for the quarter, compared to analyst estimates of $66.00 million. Equities research analysts predict that FreightCar America, Inc. will post -1.29 earnings per share for the current year.

Several equities analysts have issued reports on RAIL shares. Stifel Nicolaus set a $19.00 price target on shares of FreightCar America and gave the company a “hold” rating in a research report on Friday, August 3rd. Stephens restated a “hold” rating and issued a $19.00 price target on shares of FreightCar America in a research report on Thursday, August 2nd. Zacks Investment Research cut shares of FreightCar America from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 17th. ValuEngine cut shares of FreightCar America from a “buy” rating to a “hold” rating in a research report on Tuesday, September 4th. Finally, Buckingham Research upped their price target on shares of FreightCar America from $16.00 to $19.00 and gave the company a “neutral” rating in a research report on Monday, August 13th. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $18.00.

Institutional investors and hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its stake in FreightCar America by 109.5% during the first quarter. JPMorgan Chase & Co. now owns 109,421 shares of the transportation company’s stock worth $1,466,000 after acquiring an additional 57,198 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. bought a new position in FreightCar America during the second quarter worth $314,000. Wells Fargo & Company MN boosted its stake in FreightCar America by 4.1% during the second quarter. Wells Fargo & Company MN now owns 760,776 shares of the transportation company’s stock worth $12,783,000 after acquiring an additional 30,042 shares in the last quarter. SG Americas Securities LLC bought a new position in FreightCar America during the second quarter worth $115,000. Finally, Fuller & Thaler Asset Management Inc. bought a new position in FreightCar America during the second quarter worth $224,000. Institutional investors own 84.88% of the company’s stock.

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FreightCar America Company Profile

FreightCar America, Inc, through its subsidiaries, designs, manufactures, and sells railcars for the transportation of bulk commodities and containerized freight products primarily in North America. The company offers a range of freight cars, including open top hoppers, covered hoppers, and gondolas; intermodal flats, such as well cars; and non-intermodal flat cars comprising slab, hot slab, ribbon rail, and bulkhead flats.

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