Nigris Felan Jose De Purchases 4,000 Shares of FreightCar America, Inc. (NASDAQ:RAIL) Stock

FreightCar America, Inc. (NASDAQ:RAIL) Director Nigris Felan Jose De acquired 4,000 shares of FreightCar America stock in a transaction on Friday, September 27th. The shares were bought at an average cost of $10.19 per share, for a total transaction of $40,760.00. Following the completion of the transaction, the director now owns 73,147 shares in the company, valued at approximately $745,367.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

FreightCar America Price Performance

Shares of FreightCar America stock opened at $9.75 on Friday. FreightCar America, Inc. has a 1 year low of $2.25 and a 1 year high of $11.55. The firm has a market cap of $183.98 million, a price-to-earnings ratio of -6.33 and a beta of 2.00. The company has a 50-day moving average of $6.50 and a 200 day moving average of $4.61.

FreightCar America (NASDAQ:RAIL) last announced 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. FreightCar America had a negative net margin of 0.62% and a negative return on equity of 28.11%. The business had revenue of $147.42 million during the quarter, compared to the consensus estimate of $127.09 million. During the same quarter last year, the firm earned $0.02 earnings per share. On average, equities analysts anticipate that FreightCar America, Inc. will post 0.2 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its stake 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 worth $104,000 after purchasing an additional 5,880 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of FreightCar America by 4.7% in 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 in the last quarter. Finally, Renaissance Technologies LLC lifted its stake in shares of FreightCar America by 43.4% in 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 in the last quarter. Institutional investors own 31.96% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. StockNews.com cut shares of FreightCar America from a “buy” rating to a “hold” rating in a research report on Friday. Noble Financial upgraded FreightCar America to a “strong-buy” rating in a report on Friday, June 28th.

About FreightCar America

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.