Insider Buying: FreightCar America, Inc. (RAIL) Director Buys 8,000 Shares of Stock

FreightCar America, Inc. (NASDAQ:RAIL) Director James D. Cirar acquired 8,000 shares of the company’s stock in a transaction on Tuesday, May 14th. The stock was purchased at an average cost of $6.32 per share, for a total transaction of $50,560.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of FreightCar America stock opened at $6.25 on Wednesday. FreightCar America, Inc. has a 12-month low of $6.05 and a 12-month high of $20.14. The company has a quick ratio of 1.24, a current ratio of 2.01 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $80.49 million, a PE ratio of -3.51 and a beta of 1.54.

FreightCar America (NASDAQ:RAIL) last issued its earnings results on Wednesday, May 1st. The transportation company reported ($1.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.48) by ($0.64). FreightCar America had a negative net margin of 15.85% and a negative return on equity of 14.67%. The company had revenue of $70.71 million during the quarter, compared to analyst estimates of $65.40 million. As a group, research analysts expect that FreightCar America, Inc. will post -1.35 earnings per share for the current year.

RAIL has been the subject of several research analyst reports. Buckingham Research set a $7.00 target price on shares of FreightCar America and gave the company a “hold” rating in a report on Friday, March 22nd. Zacks Investment Research cut shares of FreightCar America from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 5th. ValuEngine cut shares of FreightCar America from a “hold” rating to a “sell” rating in a report on Wednesday, May 1st. Finally, Stifel Nicolaus set a $8.00 target price on shares of FreightCar America and gave the company a “hold” rating in a report on Tuesday, April 2nd. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. FreightCar America currently has a consensus rating of “Hold” and a consensus target price of $13.25.

Several institutional investors have recently modified their holdings of the company. Royce & Associates LP boosted its stake in FreightCar America by 13.7% during the 4th quarter. Royce & Associates LP now owns 1,554,096 shares of the transportation company’s stock worth $10,397,000 after purchasing an additional 187,186 shares during the period. Boston Partners boosted its stake in FreightCar America by 13.3% during the 4th quarter. Boston Partners now owns 1,152,750 shares of the transportation company’s stock worth $7,712,000 after purchasing an additional 135,652 shares during the period. BlackRock Inc. boosted its stake in FreightCar America by 14.1% during the 4th quarter. BlackRock Inc. now owns 969,830 shares of the transportation company’s stock worth $6,489,000 after purchasing an additional 119,694 shares during the period. Parthenon LLC acquired a new stake in FreightCar America during the 1st quarter worth $725,000. Finally, Ancora Advisors LLC boosted its stake in FreightCar America by 38.1% during the 4th quarter. Ancora Advisors LLC now owns 178,690 shares of the transportation company’s stock worth $1,195,000 after purchasing an additional 49,321 shares during the period. Institutional investors and hedge funds own 86.25% of the company’s stock.

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FreightCar America Company Profile

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. It operates through two segments, Manufacturing and Parts. 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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