FreightCar America, Inc. (NASDAQ:RAIL) Director Nigris Felan Jose De Acquires 4,000 Shares

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

FreightCar America Stock Performance

FreightCar America stock opened at $9.75 on Friday. FreightCar America, Inc. has a one year low of $2.25 and a one year high of $11.55. The stock has a fifty day moving average of $6.50 and a 200 day moving average of $4.61. The stock 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 released its quarterly earnings results on Monday, August 12th. The transportation company reported $0.05 EPS for the quarter, meeting the consensus estimate of $0.05. FreightCar America had a negative net margin of 0.62% and a negative return on equity of 28.11%. The firm had revenue of $147.42 million during the quarter, compared to analyst estimates of $127.09 million. During the same quarter in the prior year, the firm earned $0.02 EPS. As a group, sell-side analysts predict that FreightCar America, Inc. will post 0.2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on RAIL. StockNews.com lowered shares of FreightCar America from a “buy” rating to a “hold” rating in a research note on Friday. Noble Financial raised shares of FreightCar America to a “strong-buy” rating in a research report on Friday, June 28th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in shares of FreightCar America by 4.7% during the 1st 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 during the period. Dimensional Fund Advisors LP lifted its position in FreightCar America by 24.4% during the second quarter. Dimensional Fund Advisors LP now owns 29,932 shares of the transportation company’s stock valued at $104,000 after purchasing an additional 5,880 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in FreightCar America by 43.4% during the second quarter. Renaissance Technologies LLC now owns 116,887 shares of the transportation company’s stock valued at $408,000 after purchasing an additional 35,387 shares during the period. 31.96% of the stock is currently owned by institutional investors.

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.