FreightCar America, Inc. (NASDAQ:RAIL) VP Joseph J. Maliekel acquired 1,000 shares of the business’s stock in a transaction on Monday, November 5th. The stock was acquired at an average cost of $10.13 per share, with a total value of $10,130.00. Following the acquisition, the vice president now directly owns 13,643 shares in the company, valued at $138,203.59. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Shares of FreightCar America stock opened at $10.31 on Friday. FreightCar America, Inc. has a 1-year low of $9.40 and a 1-year high of $20.14. The company has a market cap of $123.87 million, a PE ratio of -8.89 and a beta of 1.50.
FreightCar America (NASDAQ:RAIL) last issued its quarterly earnings results on Wednesday, October 31st. The transportation company reported ($0.50) earnings per share for the quarter, missing the Zacks’ 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 the consensus estimate of $66.00 million. On average, research analysts forecast that FreightCar America, Inc. will post -1.29 earnings per share for the current year.
RAIL has been the subject of a number of recent research reports. Stephens reissued a “hold” rating and issued a $19.00 price objective on shares of FreightCar America in a report on Thursday, August 2nd. Stifel Nicolaus set a $19.00 price objective on shares of FreightCar America and gave the company a “hold” rating in a report on Friday, August 3rd. Buckingham Research boosted their price objective on shares of FreightCar America from $16.00 to $19.00 and gave the company a “neutral” rating in a report on Monday, August 13th. ValuEngine downgraded shares of FreightCar America from a “buy” rating to a “hold” rating in a report on Tuesday, September 4th. Finally, Zacks Investment Research downgraded shares of FreightCar America from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 17th. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. FreightCar America presently has a consensus rating of “Hold” and an average price target of $18.00.
Institutional investors have recently modified their holdings of the company. SG Americas Securities LLC bought a new stake in shares of FreightCar America during the 2nd quarter worth approximately $115,000. Fuller & Thaler Asset Management Inc. bought a new stake in shares of FreightCar America during the 2nd quarter worth approximately $224,000. Los Angeles Capital Management & Equity Research Inc. acquired a new position in FreightCar America during the 2nd quarter worth approximately $314,000. Chicago Equity Partners LLC acquired a new position in FreightCar America during the 3rd quarter worth approximately $476,000. Finally, JPMorgan Chase & Co. increased its position in FreightCar America by 109.5% during the 1st quarter. JPMorgan Chase & Co. now owns 109,421 shares of the transportation company’s stock worth $1,466,000 after purchasing an additional 57,198 shares in the last quarter. 84.88% of the stock is owned by institutional investors.
About FreightCar America
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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