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

FreightCar America (NASDAQ:RAIL) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Friday.

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

FreightCar America Stock Performance

RAIL stock opened at $9.75 on Friday. The firm has a fifty day moving average price of $6.50 and a 200 day moving average price of $4.61. FreightCar America has a fifty-two week low of $2.25 and a fifty-two week high of $11.55. The firm has a market cap of $183.98 million, a PE ratio of -6.33 and a beta of 2.00.

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

Insider Buying and Selling at FreightCar America

In other news, Director William D. Gehl sold 10,000 shares of the business’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $10.83, for a total transaction of $108,300.00. Following the sale, the director now owns 147,608 shares in the company, valued at $1,598,594.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director William D. Gehl sold 10,000 shares of FreightCar America stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $10.83, for a total transaction of $108,300.00. Following the completion of the sale, the director now owns 147,608 shares of the company’s stock, valued at $1,598,594.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Nigris Felan Jose De bought 4,000 shares of the firm’s stock in a transaction that occurred on 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 acquisition, the director now directly owns 73,147 shares of the company’s stock, valued at $745,367.93. The disclosure for this purchase can be found here. 28.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of RAIL. Renaissance Technologies LLC raised its stake in shares of 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 buying an additional 35,387 shares during the period. Vanguard Group Inc. grew its holdings in FreightCar America by 4.7% in the 1st quarter. Vanguard Group Inc. now owns 584,292 shares of the transportation company’s stock valued at $2,250,000 after buying an additional 26,412 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in FreightCar America by 24.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 29,932 shares of the transportation company’s stock valued at $104,000 after buying an additional 5,880 shares in 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.