FreightCar America, Inc. (NASDAQ:RAIL) Director William D. Gehl Sells 10,000 Shares

FreightCar America, Inc. (NASDAQ:RAIL) Director William D. Gehl sold 10,000 shares of FreightCar America stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $10.83, for a total value of $108,300.00. Following the completion of the sale, the director now owns 147,608 shares in the company, valued at $1,598,594.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

FreightCar America Stock Performance

RAIL opened at $10.95 on Wednesday. The business’s fifty day moving average is $5.21 and its two-hundred day moving average is $4.16. The company has a market cap of $204.89 million, a price-to-earnings ratio of -7.11 and a beta of 2.00. FreightCar America, Inc. has a one year low of $2.25 and a one year high of $11.06.

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

Institutional Trading of FreightCar America

Several institutional investors and hedge funds have recently made changes to their positions in RAIL. Dimensional Fund Advisors LP lifted its position in shares of FreightCar America by 24.4% in the second quarter. Dimensional Fund Advisors LP now owns 29,932 shares of the transportation company’s stock valued at $104,000 after acquiring an additional 5,880 shares in the last quarter. Renaissance Technologies LLC lifted its position 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 valued at $408,000 after acquiring an additional 35,387 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position 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 valued at $2,250,000 after acquiring an additional 26,412 shares in the last quarter. 31.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have commented on RAIL shares. StockNews.com started coverage on FreightCar America in a research report on Tuesday, August 27th. They set a “hold” rating on the stock. Noble Financial upgraded FreightCar America to a “strong-buy” rating in a research 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.