FreightCar America, Inc. (RAIL) VP Joseph J. Maliekel Buys 1,000 Shares

FreightCar America, Inc. (NASDAQ:RAIL) VP Joseph J. Maliekel bought 1,000 shares of FreightCar America stock in a transaction on Monday, November 5th. The shares were acquired at an average price of $10.13 per share, for a total transaction of $10,130.00. Following the completion of the acquisition, the vice president now owns 13,643 shares in the company, valued at $138,203.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Shares of RAIL traded up $0.50 during midday trading on Thursday, reaching $10.44. The stock had a trading volume of 2,591 shares, compared to its average volume of 91,817. FreightCar America, Inc. has a 1-year low of $9.40 and a 1-year high of $20.14. The firm has a market capitalization of $118.64 million, a price-to-earnings ratio of -8.91 and a beta of 1.50.

FreightCar America (NASDAQ:RAIL) last announced its quarterly earnings data 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 net margin of 8.46% and a negative return on equity of 9.80%. The firm had revenue of $78.97 million during the quarter, compared to analyst estimates of $66.00 million. Equities research analysts expect that FreightCar America, Inc. will post -1.25 EPS for the current year.

A number of equities research analysts have issued reports on the stock. Stifel Nicolaus set a $19.00 target price on shares of FreightCar America and gave the stock a “hold” rating in a report on Friday, August 3rd. Zacks Investment Research lowered shares of FreightCar America from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 17th. CL King lowered shares of FreightCar America from a “buy” rating to a “neutral” rating in a report on Thursday, November 1st. Stephens restated a “hold” rating and issued a $19.00 price objective on shares of FreightCar America in a report on Thursday, August 2nd. Finally, ValuEngine lowered shares of FreightCar America from a “buy” rating to a “hold” rating in a report on Tuesday, September 4th. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $18.00.

Several institutional investors and hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in shares of FreightCar America in the 2nd quarter valued at $115,000. BlackRock Inc. raised its holdings in shares of FreightCar America by 1.6% in the 2nd quarter. BlackRock Inc. now owns 841,249 shares of the transportation company’s stock valued at $14,125,000 after purchasing an additional 13,008 shares in the last quarter. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of FreightCar America in the 2nd quarter valued at $224,000. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of FreightCar America in the 2nd quarter valued at $314,000. Finally, Russell Investments Group Ltd. raised its holdings in shares of FreightCar America by 1.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,506,124 shares of the transportation company’s stock valued at $24,203,000 after purchasing an additional 20,391 shares in the last quarter. Institutional investors and hedge funds own 84.88% of the company’s stock.

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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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