FreightCar America, Inc. (RAIL) Director Buys $50,560.00 in Stock

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

Shares of RAIL stock traded down $0.05 during trading hours on Tuesday, reaching $6.34. 98,815 shares of the company’s stock were exchanged, compared to its average volume of 103,773. FreightCar America, Inc. has a 1 year low of $6.05 and a 1 year high of $20.14. The firm has a market capitalization of $81.40 million, a price-to-earnings ratio of -3.56 and a beta of 1.54. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.47 and a current ratio of 2.01.

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

Hedge funds have recently modified their holdings of the company. Parametric Portfolio Associates LLC purchased a new stake in shares of FreightCar America during the first quarter worth about $64,000. Rhumbline Advisers lifted its holdings in shares of FreightCar America by 39.8% during the fourth quarter. Rhumbline Advisers now owns 18,050 shares of the transportation company’s stock worth $121,000 after purchasing an additional 5,141 shares during the period. Millennium Management LLC acquired a new stake in shares of FreightCar America during the fourth quarter worth about $247,000. Marquette Asset Management LLC acquired a new stake in shares of FreightCar America during the fourth quarter worth about $260,000. Finally, Two Sigma Investments LP lifted its holdings in shares of FreightCar America by 103.3% during the fourth quarter. Two Sigma Investments LP now owns 53,594 shares of the transportation company’s stock worth $359,000 after purchasing an additional 27,229 shares during the period. Institutional investors and hedge funds own 87.08% of the company’s stock.

Several research firms have issued reports on RAIL. Zacks Investment Research lowered FreightCar America from a “hold” rating to a “sell” rating in a research note on Thursday, May 9th. ValuEngine lowered FreightCar America from a “hold” rating to a “sell” rating in a research note on Wednesday, May 1st. Stifel Nicolaus set a $8.00 price target on FreightCar America and gave the stock a “hold” rating in a research note on Tuesday, April 2nd. Finally, Buckingham Research set a $7.00 price target on FreightCar America and gave the stock a “hold” rating in a research note on Friday, March 22nd. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $13.25.

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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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