Minerva Advisors LLC Buys 39,541 Shares of Freightcar America, Inc. $RAIL

Minerva Advisors LLC lifted its stake in Freightcar America, Inc. (NASDAQ:RAIL) by 18.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 258,546 shares of the transportation company’s stock after buying an additional 39,541 shares during the period. Freightcar America comprises 1.6% of Minerva Advisors LLC’s portfolio, making the stock its 19th biggest holding. Minerva Advisors LLC owned approximately 1.35% of Freightcar America worth $2,529,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in RAIL. Essex Investment Management Co. LLC bought a new stake in shares of Freightcar America in the 3rd quarter worth approximately $2,007,000. JPMorgan Chase & Co. acquired a new stake in Freightcar America during the second quarter worth $813,000. Legato Capital Management LLC acquired a new stake in Freightcar America during the third quarter worth $582,000. Diamond Hill Capital Management Inc. bought a new stake in Freightcar America in the 3rd quarter valued at $501,000. Finally, Goldman Sachs Group Inc. raised its stake in shares of Freightcar America by 58.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 106,656 shares of the transportation company’s stock valued at $590,000 after buying an additional 39,506 shares in the last quarter. 31.96% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently weighed in on RAIL. Weiss Ratings raised shares of Freightcar America from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, February 23rd. Wall Street Zen raised Freightcar America from a “hold” rating to a “buy” rating in a report on Sunday, December 28th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $9.00.

Freightcar America Trading Down 5.5%

NASDAQ:RAIL opened at $13.56 on Wednesday. The stock has a market capitalization of $258.72 million, a P/E ratio of 5.14 and a beta of 1.75. Freightcar America, Inc. has a 1 year low of $4.31 and a 1 year high of $14.90. The firm has a 50 day moving average of $12.21 and a 200-day moving average of $10.07.

Freightcar America Profile

FreightCar America, Inc is a designer and manufacturer of specialized railroad freight cars, offering a diverse range of products that include tank cars, open and covered hoppers, gondolas, boxcars and centerbeam lumber cars. The company supports both new car construction and the rebuilding of existing fleets, providing custom engineering solutions to meet customer specifications and industry regulations. FreightCar America also supplies aftermarket parts, maintenance services and component remanufacturing for its own fleet and for third-party car owners.

Headquartered in Chicago, Illinois, FreightCar America traces its origins to early 20th-century railcar builders and began trading as an independent, publicly-listed company on the NASDAQ under the ticker RAIL following a spin-off in 2010.